OSAGO and CASCO as types of auto insurance

Every day there are more and more vehicles on the streets. And, accordingly, the frequency of traffic accidents is steadily increasing.

Protecting the family budget from unplanned expenses will help in this case car insurance. In particular, OSAGO and CASCO are the most popular.

Features of OSAGO

Absolutely everyone faces the need for insurance: both those who bought a vehicle for the first time and those who simply changed it. This procedure is carried out in almost all countries of the world. OSAGO insurance stands for compulsory insurance of civil liability of car owners.

Its main function is to protect the driver's wallet from unnecessary expenses for compensation for the damage caused to those people who suffered as a result of an accident that occurred due to his fault. At the same time, the absence of this policy, as well as its incorrect drafting, the use of an overdue document may be a reason for the violator to receive fines or even court proceedings.

Insurance cases in which OSAGO protects the policyholder:

• as a result of the accident, damage was caused to other cars;
• the incident led to injuries to the drivers and passengers of the second car;
• the insured hit a pedestrian, causing the victim to suffer bodily injuries (up to death).

CASCO features

Unlike OSAGO, CASCO is not mandatory. However, every year it becomes more and more in demand due to the fact that it allows you to protect yourself from unnecessary expenses in the event of road accidents and accidents. Another peculiarity is that this type of insurance is in most cases required when buying a car on credit (and for its entire term).

If the contract is concluded, the driver can sleep peacefully, because he will receive compensation not only in case of damage, but also in case of theft or destruction. The full list of risks should be clarified with the company, although the following are the most common:

1. fire, arson or spontaneous combustion;
2. damages that were received due to a traffic accident, in particular, with the participation of other cars or in the event of a collision with an immovable object;
3. various objects falling on the car (stones, hail, icicles, etc.);
4. acts of vandalism, theft;
5. damage caused by an explosion or natural disaster.

When choosing a type of insurance, you should think about tomorrow. Even if you, as a driver, feel confident, this cannot be said about other road users. Therefore, this question is not only relevant, but also mandatory.