If you go abroad:
If you need to effect a mandatory automobile liability insurance:
If you need an instant insurance, which take effect from the moment of its activation:
1. How does insurance work?
During the opening of the policy, you need to pay the bank a certain amount under the contract - an insurance premium. In exchange for it, the bank compensates for losses in the event of an insured event. If this occurs, the bank takes the money for payments on contributions paid.
2. What is automobile liability insurance?
Insurance of Civil Liability of Motor Vehicle Owners (ICL), the so-called "automobile liability insurance" is a type of insurance that is regulated, controlled, governed by the law of Ukraine. If the person who caused the road accident has a policy, the bank will pay the damage caused to him as a result of the insured event.
3. What can be insured?
There are four main types of insurance:
4. Can I get my insurance premiums back?
No. The principle of insurance is the accumulation of funds paid by the insured and setting them aside until the insured submits an application for payment due to the occurrence of an insured event. Accumulation can last for many years in the absence of incidents. However, it is never known at what point the insured event will occur and when the money will be needed.
5. What is included in car insurance?
Details of insured events are specified in the contract. The basic is to cover and manage the personal liability of using the vehicle. Next is insurance against physical damage to vehicles. Also, the policy may include cases of payments for medical needs or compensation in case of death or injury as a result of the work of transport.