Every car owner should know that buying a car requires the preparation of different documents.
At the same time, mandatory registration of insurance policies, the most popular among them are CASCO and OSAGO.
What is CASCO and OSAGO
CASCO is insuranceRoad transport from any form of damage, even from theft. In this case, in the case of an accident (accident), even if it is found to be the culprit - the driver who issued the CASCO policy, he will be able to cover all expenses for the restoration, repair of his own car with the help of this insurance service.
CASCO is a voluntary type of insurance.
In turn, compulsory motor insurance is aCompulsory motor insurance of drivers. In this case, for example, in the event of an accident on the road, the guilty driver for OSAGO is not supposed to make any payment, but to another - the injured car enthusiast OSAGO will reimburse all costs for repairing the car. At the same time, the culprit will have to pay for repairs on its own.
OSAGO covers damage to third parties.
Differences of compulsory motor third party liability insurance
Features of insurance between CASCO and OSAGOIs a list of different insured events. The CASCO policy insures its owner against the following cases: fire, theft, damage to the car by third parties, from any accident, from the impact of various natural phenomena, for example, the fall of icicles, flood, hail. In any of the above insurance cases, the payment will be reimbursed in full in the amount specified in the insurance contract. At the same time, it is possible to include other services in the CASCO insurance contract, for example: evacuation of a car from the scene of an accident, assistance in the proper drawing up of documents in the event of an emergency on the road, departure of the emergency inspector and much more.
In turn, MTPL insurance protectsProperty interests of only third parties. This is necessary in cases of causing damage through the fault of the car owner in some kind of traffic situation of one party, to compensate the damage to the other party. In this case, there are restrictions on a certain limit of payments, in accordance with the amount - as indicated in the policy.
In connection with the above characteristics of car insurance, we can safely say that CASCO is more effective, but mandatory compulsory motor third party liability insurance.