CASCO is an optional motor insurance that covers damage to your OWN motor vehicle. So, if the ICI policy compensates for damage caused to third parties, then CASCO compensates the INSURED, regardless of who is responsible for the accident.
CASCO covers damage caused by accidents, malicious acts of third parties, natural disasters and also theft of the motor vehicle, its parts or components. This insurance is a perfect complement to compulsory civil liability insurance for motor vehicles, but cannot replace internal compulsory insurance (RCA).
For the conclusion of motor vehicles insurance policies CASCO, the object of insurance (type and year of manufacture of the motor vehicle) is determined and the following risks are insured:
In case of destruction, damage, disappearance or deterioration of the motor vehicle, the client (insured) is bound, within 2 working days, to inform the insurance company with which the insurance contract has been concluded (by written request, fax, e-mail, telephone) about the occurrence of the insured event and to submit to the Insurer, within 3 (three) working days, for examination the damaged motor vehicle, additional equipment and their remains (until repair) and to coordinate with the Insurer subsequent actions for the settlement of the damage.
The examination of the motor vehicle shall be carried out immediately upon presentation of the motor vehicle and a report shall be drawn up indicating the existing defects. The report of damage confirmation shall be signed by the Insured or his/her legal representative and the Insurer through his/her representative. Failure by the Insured to comply with the provisions of this paragraph shall entail the refusal of the Insurer to pay the insurance indemnity.