What is Casco and why it is needed

What is Casco? It would seem that the terms of OSAGO and hull insurance are familiar to almost all motorists, but not all clearly understand what they are. What is the insurance and OSAGO, and what is included in them, of course, you can ask in your insurance company, they will necessarily explain everything, however, you can study this issue in detail without referring to specialists.

OSAGO (compulsory motor third party liability insurance) is a type of compulsory insurance, which partially or completely protects the motorist from reimbursing other participants of the accident, if it happened due to his fault. The insurance policy of OSAGO is present in the list of mandatory documents for presentation to the official, so it will not be possible to do without it. Without this document, you will not even be able to get from the salon to the garage, so it's better to apply for a policy right away when buying a car.

You should know that the insurer undertakes to pay the innocent participants of the accident amounts, but not any, but within their responsibility. The maximum amount of coverage is indicated on the policy form. Under the current law, this amount is up to 120 thousand rubles, if it is a matter of harming the property of one victim, and up to 160 thousand if damage to property of several people was caused. The same maximum is paid to each victim, whose health and life was damaged. Now it became clear what is OSAGO.

And kasko is also a kind of insurance that applies to any vehicles, including cars. In the case of them, the term "auto hull" is more often used. So, what is Casco? Do not think that this type of insurance will protect the car from any misfortunes - this is not so, but many risks will be transferred to the shoulders of the insurer.

Casco is complete and incomplete. Also, insurers widely use franchises, cheapening the cost of the policy, but also fraught with a certain danger for the insured, which will be discussed below.

What is a full and partial hull insurance? What is the difference?

A full policy includes insurance of risks such as theft, accident, damage to the car, theft of some of its parts, natural disasters, falling objects on the car, as well as some other types of hazards. Partial insurance involves insurance of only a few Risks, for example, many policies do not include hijacking or damage to a car as a result of natural disasters and weather events, so you need to read the terms of insurance very carefully.

The franchise is one more thing that you should pay attention to when signing a contract. It represents a certain amount, and if the damage to the car is estimated at less than the deductible, the policyholder pays it out on its own. This amount can be fixed or represent a proportional quantity.

There are 2 types of franchise: conditional and unconditional. When a conditional insurer compensates for the full extent of the damage exceeding the franchise estimate, and under unconditional - only the difference between the monetary equivalent of the damage caused and the franchise. That is, if the damage is estimated at 1000 rubles, and the conditional franchise is 700, then the insurance company compensates only 300, and if the franchise was unconditional, the motorist would not have to incur expenses altogether, the insurer would pay out all 1000.

So, now it became clear what a hull is. However, the conditions of this type of insurance for different companies can vary greatly, so for any incomprehensible moments, you should ask questions to the agent.