It is not correct to believe that CASCO and MTPL car insurance are the same thing. In order not to get into an unpleasant situation when dealing with an insurance company, we will determine whether you need to do compulsory motor liability insurance if you have CASCO insurance.
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Every vehicle owner has encountered (sometimes and many times) the procedure for obtaining car insurance. Its most common types are OSAGO and CASCO. But the question often arises: is it necessary to buy both policies, or can you limit yourself to just one?
Concept
First, let's find out what CASCO and OSAGO are. Although such concepts are familiar to everyone, many have no idea how such policies differ and what services they offer.
OSAGO stands for compulsory civil liability insurance for car owners.
This is insurance, the object of which is property interests that are associated with the risks of civil liability of the car owner for obligations that arise when harm is caused to the health, life, or property of a third party.
OSAGO is a social type measure that is aimed at creating a financial guarantee of compensation for damage caused to the owner of the vehicle. Such insurance is also a financial tool for improving road safety.
CASCO – transport insurance against risks such as damage, theft, theft, as well as other risks. The policy will not include insurance of luggage that is transported, liability to a third party.
What is the difference
OSAGO is a compulsory type of insurance. Without such insurance, the car owner simply does not have the right to drive on the roads. If the driver is stopped by an inspector and it turns out that there is no insurance contract, a fine will be imposed.
Under this policy, a motorist can apply to the insurance company for payment in the event that he is at fault in a traffic accident.
If available, you will not pay for repairs to a vehicle that is damaged due to your fault. Your own car must be repaired at your expense.
If your vehicle is damaged and the culprit is identified as the other party involved in the incident, you will be paid by the insurance company of the culprit.
CASCO – voluntary insurance. If the owner of the vehicle gets into an accident in which he is the culprit, he has the same right to compensation as the other participant in the accident.
If there is a complex incident, the total cost of repair work will be calculated, and this amount will not exceed the price of your car.
If such an amount exceeds the established value of the vehicle, the culprit covers the damage himself. But such situations are rare.
Let us list the main differences between MTPL and CASCO:
| CASCO | OSAGO |
| Voluntary insurance | Compulsory insurance |
| Repair of the owner's car is carried out by an insurance company | The car owner himself carries out repairs to his vehicle. |
| It doesn’t matter who is at fault for the accident – the insurance company will pay | The culprit does not receive insurance payment |
| Provides repair services | Pays compensation to third parties who suffered due to the fault of the policyholder |
| The cost of insurance and the amount of payments are determined by the insurance company itself. | Tariffs are set by government agencies. Restrictions apply |
| More expensive insurance | The price of insurance is regulated and can be calculated by every car owner, taking into account the characteristics of their vehicle. |
Let's consider other features.
Determined taking into account wear and tear of the vehicle and without it. This should be stated in the concluded agreement.
Payment is made within the limits of the insured amounts that were specified in the insurance contract. In some cases, this figure even exceeds the price of the car. But it is worth considering that with each subsequent insurance payment the amount of funds will decrease.
It is also possible to draw up an agreement with an amount that will not decrease. But you will have to pay more for such a policy.
With CASCO payments, payments are regulated by the insurance organization, taking into account:
- wear;
- damaged property objects.
Compensation is also provided for damage to health.
With MTPL insurance, there is direct compensation for losses. Victims can apply for compensation from their insurance company if the damage was caused only to property and if the parties involved in the accident have compulsory motor liability insurance.
The maximum amount of compensation is the insurance payment under compulsory motor liability insurance.
The MTPL insurance procedure is approved at the state level, and all insurance companies in the country, without exception, must adhere to it.
For this reason, the calculation rules for certain vehicles are the same. And it doesn’t matter which insurance company you contact.
The cost of insurance will be based on several values. Taken into account:
- type of transport;
- who insures the car - a legal entity or a citizen;
- where the car is registered (in what territorial district);
- age and experience of persons who are allowed to drive the machine.
With CASCO the situation is different. All rules are established by insurers independently. Basically, contracts of different companies have many common points. But there are also many distinctive features.
For example, the price of the policy differs. It is for this reason that before concluding a contract, go through several companies and calculate the cost of the insurance product.
Is it necessary to apply for compulsory motor liability insurance if you have CASCO insurance?
OSAGO is compulsory insurance, and there is no escape from purchasing it. Otherwise, a violation of Russian legislation will be recorded. No one has the right to oblige you to purchase CASCO.
But if you have both policies, you will have the opportunity to repair both the injured person’s car and your own. And this is a big advantage in case an unforeseen situation arises.
If you have CASCO insurance, you will also have to take OSAGO. After all, a third party may suffer and will not receive compensation from the insurer. Having additional insurance will provide additional guarantees
At the moment, CASCO insurance is the choice of every car owner. But the authorities put forward a proposal to combine both policies.
The purpose of such a bill is to make insurance more economical when concluding a contract and collecting certificates. The proposal is currently under consideration.
Should I make voluntary insurance if I already have compulsory insurance?
The disadvantage of compulsory motor liability insurance is that you cannot count on receiving an insurance payment if you are at fault in a traffic accident. And the payment itself will not exceed the limit established by the state.
In some cases, insurance organizations file claims against, claiming compensation for all losses incurred by the company.
This is possible in this case:
- the participant intentionally caused harm to the life of a third person or his property;
- the policyholder was driving under the influence of alcohol or drugs;
- the culprit did not have the right to drive;
- the person fled the scene;
- there is an emergency situation, payment for which is not provided for under compulsory motor liability insurance.
It is to avoid such troubles and obtain additional guarantees that citizens decide to apply for CASCO insurance in addition to their existing compulsory motor liability insurance.
Let us repeat - this is exclusively your right, not your obligation. You can limit yourself to only MTPL insurance, which should always be with you when driving a car.
Buying a brand new car is an exciting event, and the new car owner, driving his “iron horse” out of the dealership, feels like the happiest person on the planet. It is not surprising that when driving the car home, he is extremely attentive and concentrated.
A new car, attention, vigilance, good mood and... insurance.
However, even this does not guarantee that a bright day will not be overshadowed by an accident or even a small dent or scratch - situations on the road are different... This is where the word “insurance” comes to mind.
Possible options
Therefore, the study of all possible options begins, which, in essence, come down to 2 types of insurance:
- OSAGO;
- CASCO.
OSAGO
And if everything is clear with compulsory motor liability insurance - this is compulsory insurance and, by and large, it is not too expensive. As you know, it costs from 1980 rubles. for physical faces and from 2375 rub. for a legal entity. Of course, this is not the final price tag - it may vary depending on some, but in general the amount is small. Maximum compensation - 160,000 rubles.
It is the responsibility of every driver to protect the car from various incidents.
Many criticize insurers for their slowness, red tape, bureaucracy, and outright deception of clients. However, along with these blatant injustices, there are numerous payments and compensations to victims, so there is no point in indiscriminately accusing companies of dishonesty.
Be that as it may, 2000 rubles is not such a huge amount that it’s worth holding out for, because anything can happen on the road, and peace of mind is much more important.
Before insuring a car, drivers need to carry out. Having studied in detail all the points regarding this issue, you will be ready for this difficult but necessary procedure.
You can find out the features of the most popular insurance companies from, which will make your choice much easier. Be confident in your insurance company.
CASCO
But opinions differ on this type of insurance. Is it necessary to insure a car under CASCO? - similar questions and debates are replete with many automotive forums. But first you need to understand the distinctive features of this type of insurance.
Its difference from compulsory motor liability insurance is that the insurance company pays compensation regardless of who is at fault for the accident. Thus, the following factors are included in the list of risks:
- Theft (hijacking) - compensation for the cost of a car as a result of theft.
- Damage - almost all cases are taken into account, such as a fall through the ice, an accident, a flood, a fire, an earthquake, etc.
- Assistance on the road - insurance covers possible failures in the operation of car components.
The downside is the price of the insurance policy - it can reach up to 10% of the cost of the car (per year).
Is it possible not to insure a car?
The answer to this question is not so simple. Regarding compulsory motor liability insurance, he is categorical - “no”. This insurance is mandatory, whether the car owner likes it or not.
But with regard to CASCO, the answer is somewhat different - “it’s possible, but not always.” In general, this type of car insurance is not mandatory, but there is an exception to this rule.
An insurance policy is a safety belt against financial risks.
For example, when buying a car on credit, CASCO insurance is a mandatory condition. And here the client’s desire does not play any role, because the bank needs to protect itself from risks. Yes, this approach is not very popular, but there is no other way out. So in this case, there is no way to jump off the “insurance hook” - you will have to buy a full CASCO insurance.
As for other cases, such car insurance is not mandatory, so the owner has the right to make his own choice.
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Pros and cons
Verbal battles regarding CASCO literally swept the Internet, and both the first and the second have very serious evidence. Particularly zealous debaters do not even hesitate to use obscene language towards their opponents. So it’s worth considering the most popular and frequent arguments of the parties.
"Behind":
- Calm - in the truest sense of the word. The car owner can sleep peacefully, without fear that in the morning he will have to shell out a large sum for car repairs. Even in the event of any excess, the insurance company will pay for everything.
Unfortunately, no one is safe from misunderstandings on the roads.
- Hassle - all problems related to car repair (from purchasing spare parts to paying the technicians) are solved by the same company, without disturbing the owner of the car over trifles.
- Fast payment - as a rule, payments occur in the shortest possible time, in contrast to red tape under compulsory motor liability insurance.
"Against":
- Unjustified high cost of insurance - often a situation occurs when the car has not been involved in an accident in a year, or the accident was not serious. In this case, the entire portion of the money paid to the insurance company would be more than enough to carry out repair work.
- Saving time - no matter how fast the company’s work is, there is still no escape from paperwork, and this significantly delays the repair.
- Exceptions - each insurance company stipulates in the contract cases when compensation for damage is not due.
Bottom line
As you can see, there is not and cannot be a single point of view. So it is impossible to clearly advise the owner whether to insure his car or not. OSAGO is compulsory insurance, but CASCO is optional (with the exception of a credit car).
You never know where you will find it or where you will lose it. The choice is yours.
So if you decide to buy CASCO insurance, don’t rush. It is necessary to contact several companies and find out their conditions, since the price can vary significantly (sometimes by 2 times), under the influence of many factors:
- car class;
- driver experience;
- franchise and much more.
So, when applying for CASCO insurance, you need to be extremely careful so as not to overpay for nothing.
For the absence of an MTPL policy, you can quickly and guaranteed receive an administrative fine, which currently amounts to 800 rubles. Every Russian driver or person involved in road traffic knows this. The legislation of the Russian Federation quite strictly regulates all issues related to compulsory insurance and does not provide for any exceptions. Nevertheless, periodically arising questions about the car insurance system remain quite relevant today. Let's look at perhaps the most frequently asked and provocative of them - if you have CASCO insurance, do you need compulsory motor liability insurance?
OSAGO
The compulsory MTPL insurance system started in the country in 2003 and has not changed significantly since then. For many domestic car owners, the MTPL policy is a kind of guarantee that they will not be left alone with big problems after a road traffic accident (RTA).
In the event of an accident, the injured policy owner has the right to count on direct monetary compensation for damage from the insurer and prompt resolution of other issues related to such a nuisance. This type of motor third party liability insurance is mandatory on the territory of the Russian Federation for all categories of vehicle owners without exception.
The cost of annual MTPL insurance is not prohibitive and today is affordable for the vast majority of Russian drivers. The maximum amount of payments under compulsory motor liability insurance this year is 400 thousand rubles for damage to a vehicle and 500 thousand rubles for harm caused to health. This type of insurance is obliged to financially compensate, all or partial, the damage caused to the party injured in the accident by the insurer of the culprit. Moreover, the person responsible for the accident will have to repair his own damaged vehicle at his own expense.
The relatively low cost of the policy, valid only in the event of an accident, a good amount of payments - these are, perhaps, the main characteristics of compulsory motor liability insurance.
CASCO
First of all, this insurance system is not mandatory for every vehicle owner. In addition, the cost of CASCO insurance is quite decent, around ten percent of the cost of the car, and not every domestic driver can afford it. This type of insurance policy is most often purchased by owners of new foreign cars or expensive cars to mitigate possible problems and directly depends on the actual cost of the vehicle.
In the event of an accident, CASCO insurance compensates for the repair of both damaged cars, and the cost of repairs should not exceed the cost of the insured car. The CASCO insurance contract may include clauses on monetary payments in the event of theft, fire, burglary or other alleged troubles associated with the vehicle. Payments under a CASCO policy have a fixed amount under the contract, which may decrease with the occurrence of each new insured event. In fact, CASCO is the most common example of property insurance with motor transport specialization and a wide range of services provided.
The high final cost of the policy, the large amount of expected payments, any insured events - these are the main characteristics of CASCO.
Selecting an insurance option
Today, it is mandatory for every driver of a vehicle to have a compulsory motor liability insurance policy. Despite the obvious advantages, CASCO is not a compulsory type of insurance with state regulation and is a purely voluntary matter.
We can conclude that:
- The presence of a CASCO insurance contract does not relieve the car owner from the need to have an MTPL insurance policy for the same vehicle.
- The absence of compulsory MTPL insurance, unlike CASCO insurance, threatens with a very real punishment in the form of an administrative fine.
- Registration of CASCO is advisable as additional insurance of expensive property in the form of a car for the moral and material peace of mind of its owner, but not as a replacement for compulsory motor liability insurance.
It is worth emphasizing once again that CASCO insurance is voluntary and depends only on the personal desire of the car owner to avoid expected problems and his financial capabilities.
We pay twice
In essence, this results in double insurance, but this is the current situation. The validity of the MTPL policy is quite limited and, in principle, cannot cover all expected insured events. In this regard, CASCO insurance is much preferable, which is why owners of expensive cars are forced to have two policies at once. For several years now, there has been talk about official permission from the authorities to have only one insurance, but this issue has not yet gone beyond talk.
Thus, the answer to the question of whether compulsory motor liability insurance is necessary if you have CASCO insurance is absolutely unambiguous - having a CASCO policy does not exempt you from the mandatory purchase of compulsory motor liability insurance.
It should be noted that the compulsory motor liability insurance system is constantly regulated by government bodies of the Russian Federation with the help of financial, legislative and repressive levers. Even if pressing issues are not always resolved quickly and positively, one thing can be clearly noted - the compulsory MTPL insurance system will always be under the close attention of the state with all the consequences arising from such concern.
Video: Types of auto liability insurance
CASCO and OSAGO are two types of vehicle insurance.
– I have CASCO insurance, do I need to take out a compulsory motor liability insurance policy?
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- Yes, definitely. OSAGO is compulsory motor third party liability insurance and a fine is imposed for the absence of a policy.
Article 12.37 Failure to comply with the requirements for compulsory civil liability insurance of vehicle owners.
1. Driving a vehicle during the period of its use, not provided for by the insurance policy of compulsory civil liability insurance of vehicle owners, as well as driving a vehicle in violation of the conditions provided for in this insurance policy for driving this vehicle only by the drivers specified in this insurance policy.
A fine of 500 rubles.
This is the main argument in favor of taking out insurance. But there are other reasons and nuances of comprehensive motor insurance. And in order to understand whether you need to spend money on another insurance, you should determine how they differ and what advantages they have over each other.
Differences between CASCO and OSAGO
Despite the fact that the very essence of both types is the same, they also have fundamental differences.
- OSAGO is mandatory, and a CASCO agreement is concluded on a voluntary basis, at the will of the car owner.
- This is not the only difference; the most important distinguishing feature of one type of insurance from another is that MTPL is aimed at covering material damage to third parties injured as a result of an accident. The culprit in this case does not receive any compensation as a result of the damage received. Thus, the financial responsibility of the guilty person is transferred to the insurance company, which undertakes to make payments to the injured person. CASCO is necessary in order to protect your vehicle in the event of an insured event and obtain insurance, but with compulsory motor liability insurance, damages are compensated only to injured persons and damage caused to other people's cars is compensated.
- The scope of insurance events covered by CASCO is much broader than that of OSAGO. Thus, CASCO protects the car not only in case of damage caused under various circumstances, but also when the fact of theft and theft is established.
- There is also a difference in cost: compulsory insurance is cheaper, and therefore more affordable for the population.
- In addition, compulsory motor liability insurance in all insurance companies until recently cost the same, but now the cost fluctuates at the rate of 20%, in the case of CASCO it depends on the cost of the car and the degree of risk and varies among different insurance companies.
- The amount of compensation is also different: in the first case, payments are based on the average cost of repairs, taking into account the degree of wear, in the second, payments are made in the amount of the actual cost of repairs. In CASCO, the age of the insured car must be no more than 10 years, but for OSAGO this factor does not matter.
We have a detailed article about it.
The maximum amount of coverage for MTPL is 400 thousand rubles, for CASCO it depends on the cost of the car, but cannot exceed it.
Advantages of CASCO and OSAGO
These two types of property insurance have their pros and cons. The main disadvantage of MTPL is that it only covers the liability of the car owner, namely liability to the injured party, while CASCO insures the owner’s car itself. For this reason, in order to be more confident that the car is safe, it is necessary to have a voluntary insurance policy in hand.
Advantages of CASCO:
- Guarantee of payment in the event of an insured event.
- Coverage of damage caused to a car as a result of not only an accident, but also a natural disaster or unlawful action of third parties.
- Payments can be made by the insurance company, both in cash and in repairs.
- Compensation is made regardless of who is at fault in the accident.
- Payment is made in the form of the actual cost of repairs at the dealer, without taking into account wear and tear, as with compulsory motor liability insurance.
The decision to acquire CASCO insurance is made, as a rule, at the will of the car owner, but there are situations when it is practically impossible to do without this insurance. If you take out a car loan for a new car, you often have to take out a full CASCO package. This happens because, given the increased risks in this situation, banks are trying to protect themselves, and there is a high probability that if CASCO is refused, the bank will not issue a loan.
At the same time, for the car owner, purchasing this policy also becomes a rational decision. In the absence of it, financial risks increase significantly, because in the event of a serious accident, covering significant damage falls on the shoulders of the car owner, who still needs to make payments on the car loan.
The cost of a CASCO insurance policy is on average 10% of the cost of the car. Banks often include the cost of insurance in the amount of the loan issued for the first year of using the car.
Despite its considerable cost, CASCO provides significant protection for the car in the event of various unpleasant situations.
Pros of OSAGO:
- The most important advantage is low cost compared to other types of insurance;
- OSAGO is regulated by a special law, which specifies the cost of the policy, payments and insurance procedure;
- There are mandatory discounts for accident-free driving;
- In the event of bankruptcy of the insurance company that issued the policy, payments will still be made.
Priority of the type of insurance in case of an accident
Those motorists who have two policies at the same time are naturally asking which policy is better to obtain insurance in the event of a traffic accident.
Here it is necessary to proceed from the specific situation, taking into account the following factors:
- Insurance conditions specified in the contract.
- The amount of damage received as a result of the insured event.
- Pay attention to which company provided the policy.
- Circumstances of a particular case.
- Payments under CASCO, as a rule, occur faster.
One of the most frequently asked questions among motorists is: “is it necessary to have a compulsory motor liability insurance policy if you have CASCO insurance?” Yes, definitely. After all, the presence of OSAGO, or otherwise compulsory auto insurance for civil liability, is necessary for all car owners in Russia, and a fine is imposed for the absence of a policy.
Is there a need to purchase CASCO and MTPL in one insurance company?
If a car owner decides to purchase another one in addition to a compulsory insurance policy, then the question may arise whether it is worth purchasing two different policies from one insurance company or preferring to contact different companies. There is no clear answer to this question, but we can highlight both pros and cons in favor of one option or another.
Advantages of choosing insurance from one company:
- There are companies that provide small discounts to car owners when taking out policies for two types of insurance.
- Thanks to the decision to use the services of one company, the insurance procedure takes less time and is simpler.
- Some insurance companies, when insuring auto hull insurance, offer their clients who have already received their MTPL policy a kind of discount for each accident-free year from the date of insurance.
Advantages of choosing to conclude contracts in different insurance companies:
- If the company turns out to be unreliable, the client may have problems with two insurance policies at once.
- In this company, where compulsory motor liability insurance was purchased, despite the preferential cost of motor insurance and its more convenient receipt, there may be unfavorable conditions for concluding an agreement than is acceptable in another insurance company located in a remote office. The choice of insurance company in which the car owner wishes to apply for CASCO must be made with great responsibility, since insurance conditions can vary significantly in different companies.
- If an accident occurs, then it is possible to apply for compulsory motor liability insurance to one company or for CASCO to another.
Unified CASCO and OSAGO policy
In 2013, the State Duma raised the issue of combining two different types of insurance in one policy. The current system in this area is considered imperfect, therefore, in order to change the current situation. solutions are proposed that can improve this system.
At the moment, the process of combining into a single policy is still at the development stage. There are some difficulties in implementing this project, since at their core these two types of insurance have different goals and are of different nature. In addition, tariffs and premiums are calculated in different ways.
A single policy does not imply the compulsory purchase of motor insurance - it will also be issued on a voluntary basis, but at the same time, if the motorist decides to receive it along with compulsory motor liability insurance, then these two related products will be indicated in the combined document.
There are a number of disagreements on this issue, including among some insurers who consider the implementation of this project inappropriate.
Our century is distinguished by a variety of vehicles that simply crowd the roads of both small towns and megacities. This indicator increases the risk of road accidents several times more than it was 30–40 years ago. Therefore, the demand for policies covering damage in the event of an accident has increased significantly in the insurance market.
On the territory of the Russian Federation there are two types of insurance for car owners, namely: and CASCO. These services differ in terms and amounts of compensation payments, but they have the same goal - to reimburse all costs for participants in an accident.
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APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.
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Often, vehicle owners apply for MTPL and CASCO insurance at the same time. But is it necessary to do this and why? If you already have one of the insurance policies, then why buy a second one? Let’s try to sort out this and other issues, and also consider the differences between the two insurance packages.
Significant differences
Usually, the question of whether you need compulsory motor insurance if you have CASCO is asked by new car owners, especially if they were required to take out the latest insurance package when receiving a car loan. This happens quite often, because most banking institutions include the purchase of CASCO insurance in the list of mandatory conditions when issuing a loan.
In the process of preparing the necessary documents for a vehicle, motorists are faced with the fact that it is also mandatory to purchase compulsory motor insurance. This is where the question arises as to why have two insurance packages. Is it really impossible to get by with the existing CASCO insurance?
The explanations are actually quite simple - CASCO and OSAGO are different types of insurance.
The CASCO policy exclusively covers the cost of damage to the car that was caused by an accident, theft, etc.
More details about the differences between both insurance packages can be found in the table below:
| OSAGO | CASCO |
| , which is under the control of the legislation of the Russian Federation. | Voluntary insurance. |
| Insurance of civil liability of the car owner for damage to the vehicle or health of a third party, which may occur due to improper use of the car (violation of rules). | Insurance of the vehicle itself. |
| Has the same conditions regardless of the insurance company issuing policies. The rules for registration are established by the state. | Conditions regarding insurance payments vary depending on the insurance company. The percentage of payment in the event of an accident and the rules for compensation of damage by the insurer itself are determined. |
| The cost of the policy is the same in all insurance companies. established by the Ministry of Finance. | The cost varies depending on many nuances: the price of the car, risk assessment, etc. The cost of CASCO insurance is set by insurance companies. |
| Insurance obligations are fulfilled exclusively in the event of an accident, the culprit of which is the person specified in the policy. | CASCO obligations are fulfilled by companies in the event of any type of accident and regardless of who is at fault. Also, insurance payments are due in case of fire, natural disaster, etc. |
| Insurance compensation provides for the average cost of repairing a vehicle, taking into account how worn out the parts being replaced are. | Insurance compensation is aimed at paying the full amount of repairs. If the car cannot be restored, then CASCO covers its value at the time of the insured event. |
| The amount of MTPL insurance is determined by law: up to 120,000 for damage to property and up to 160 thousand rub. for damage to health or life. | The amount under CASCO is calculated from the established percentage in the policy. The maximum reimbursement price is equal to the full cost of the vehicle at the time of signing. |
| The policy has no restrictions regarding the age of the car. | The age of the insured car should not exceed 7–10 years(depending on the country of the vehicle manufacturer). |
Features of services
The MTPL policy gives every car owner the confidence that in the event of a traffic accident in which he is found to be at fault, his financial interests will be protected. The insurance company will cover the financial costs.
You can also remain calm in a situation where the driver is injured, since the company of the person who caused the accident will compensate for the damage in his favor.
Payments under compulsory motor liability insurance include:
- damage to the vehicle;
- causing harm to health;
- compensation in case of death.
If we talk about the CASCO policy, then this insurance has a more expanded list of insurance obligations.
A car owner can count on compensation in the following cases:
- damage to a vehicle in an accident;
- accidental damage to a car (in a parking lot, parking lot, etc.);
- car theft;
- causing damage to the vehicle in the event of a mistake by the driver himself, for example, due to inexperience, he lost control;
- vandalism of cars, for example, arson;
- complete or destruction of the vehicle in the event of a natural disaster and natural disasters.
You can obtain a complete list of all insured events that are subject to compensation when applying for a policy. At the same time, the MTPL package has a standard list established by the Ministry of Finance. In the case of CASCO, if necessary, you can register additional clauses and make changes to existing ones.
At the same time, CASCO also has its disadvantages. The main disadvantage of this insurance package is its inaccessibility for car owners with vehicles older than 5–7 years. In addition, CASCO is characterized by its high cost, frequent difficulties during registration, as well as delays in compensation payments.
Insurers often refuse to enter into a CASCO agreement or reduce the percentage of the insured event for individual clients who are in the category of increased risk of an accident. So, for example, motorcycle insurance is carried out as a regular type of insurance with the lowest payment rate.
In addition, the cost of CASCO will be higher for inexperienced drivers. The amount also depends on the client’s insurance history. In some cases, a policy is issued only subject to the purchase of a deductible under an insurance contract.
Variations of service according to two parameters
Purchasing two policies at once has its advantages in the event of an insured event. MTPL and CASCO complement each other, thereby expanding the list of covered incidents. In addition, having both policies, the car owner can expect higher compensation regardless of who he is, the culprit or the victim.
Related agreement
The main reason pushing car owners to take out two policies is the limitation of payments under compulsory motor liability insurance. By purchasing additional CASCO insurance, you can be sure that in the event of an accident, compensation will be significantly greater.
You can conclude insurance contracts with one company, and since MTPL has basic, unchanged rates, you need to choose an insurance company based on the conditions of the second policy.
In addition, signing both contracts with one insurer has its advantages:
- saving personal time;
- fast and simple registration;
- receiving discounts.
To obtain policies, it is enough to contact the selected company, providing them with the necessary documents and paying the amounts specified in the contract. You can pick up ready-made insurances after expiration 10–15 minutes.
In addition, purchasing insurance from one company significantly reduces not only personal time when obtaining it, but also simplifies the receipt of compensation payments. The victim will not need to run to different organizations and collect a double package of documents confirming the insured event. All you have to do is provide everything to a specific insurer and get your money.
Insurance companies, trying to attract more clients, often provide clients with various discounts when taking out two policies at once, which allow them to save significantly. Such discounts apply even to policyholders who enter into a contract with this organization for the first time.
OSAGO insures the driver’s civil liability and only the injured party receives payments.
Various companies
No matter how the manager of the insurance company tries to force the client to take out both policies with them, everyone still has the right to choose. Before purchasing CASCO and OSAGO, you should carefully consider all the nuances.
Obtaining insurance from different organizations will cost a little more, and you will have to sacrifice personal time, but this solution has its advantages. The main thing that should be taken into account is possible circumstances due to which the insurance company will not be able to fulfill its insurance obligations.
By taking out insurance in different places, the client will protect himself in case one of the organizations loses its license or temporarily becomes insolvent. In addition, CASCO prices vary significantly depending on the organization. Therefore, sometimes you should choose the insurance company that offers the most favorable conditions.
As for compulsory motor liability insurance, until September 2019, it did not matter where to take out this insurance, since you could receive compensation both from your own company and from the insurance company of the person responsible for the accident. After September, some changes were made to the conditions of payment for insured events, which remained in place until 2019.
Today, to receive compensation under compulsory motor liability insurance in case of an accident where only two vehicles were involved and there were no injuries, you should contact your company. If there are victims, the insurance is paid by the organization of the person responsible for the incident. Therefore, the question regarding with whom to enter into insurance contracts under both policies became more acute.
Voluntary and compulsory insurance
What are the differences between voluntary and compulsory insurance? Without taking out a compulsory motor liability insurance policy, the driver does not have the right to drive a vehicle. If, during an inspection by a traffic police officer, it turns out that the car owner does not have a civil liability agreement, he will be fined. In the absence of CASCO, no sanctions are provided by law.
If you have compulsory motor liability insurance, the driver can contact the insurer only if he himself is the culprit of the accident. This saves him from having to pay for repairs to the victim’s car, since the costs are covered by the insurance company. The car owner repairs his own vehicle at his own expense.
In the case of CASCO, not only the victim, but also the culprit of the accident can count on compensation for losses. In addition, payments are made in case of vehicle theft, car fire and accidental damage.
Why do you need MTPL if you have CASCO?
From the above, we can confidently answer the question of whether OSAGO is necessary if there is CASCO insurance. Yes. Of course it is necessary. This type of insurance is mandatory and in its absence, the car owner will face administrative punishment in the form of a fine.
According to the law of the Russian Federation, a traffic police officer does not have the right to require the driver to present an insurance policy, but in the event of an accident, it is necessary to have it with you. If there is no compulsory motor liability insurance, then in the event of a traffic accident the driver will face huge financial costs. You will have to pay for car repairs yourself, even if he is the injured party.
If a car owner who does not have compulsory motor liability insurance causes an accident, the costs will double. You will have to pay not only for the repair of your car, but also for the injured person. In addition, he expects additional monetary losses to pay a fine for not having a policy.
