The State Insurance Organization (JSC) has announced the launch of a new voluntary product for car owners — "CASCO-Extra". This new insurance option is designed to complement mandatory auto liability insurance (OSAGO) and offer motorists expanded protection options.
The standard OSAGO policy covers the driver's liability to third parties. However, in the event of an accident, if the driver is at fault, damages to their own vehicle are typically not compensated. The "CASCO-Extra" program was developed specifically to address this issue.
Concept of "Mirror" Protection
The "CASCO-Extra" program functions as an additional "mirror" to the existing OSAGO. In situations where the driver is found at fault in an accident, OSAGO covers the damages to the affected party, while "CASCO-Extra" is responsible for the damages incurred to the policyholder's own vehicle.
Thus, clients receive comprehensive protection:
- protection against other road users — under OSAGO;
- protection for the insured vehicle — under "CASCO-Extra".
- Available for individuals with a valid OSAGO policy;
- Issued without the need for an additional vehicle inspection;
- The policy cost matches the price of OSAGO (calculated based on the remaining term);
- The same coefficients are used in the calculation, including the bonus-malus system;
- Unified service and quick settlement for both policies;
- No deductible.
What Does "CASCO-Extra" Cover?
The insurance coverage includes the following situations:
- damage to the vehicle as a result of an accident, if the driver is found at fault;
- fire or explosion resulting from the incident.
Response to Customer Needs
The decision to introduce "CASCO-Extra" arose from numerous customer requests expressing a desire for additional protection for their vehicles at a reasonable price.
Transparent Terms
The "CASCO-Extra" agreement is issued for a term not exceeding the duration of the OSAGO policy and automatically terminates in the event of cancellation or expiration of the OSAGO policy. The insurance premium is calculated proportionally to the remaining term of the OSAGO.
JSC "State Insurance Organization" is one of the leading insurance companies in the Kyrgyz Republic, offering a wide range of insurance services for both individuals and legal entities.
