Showing posts with the label traffic accident

Procedure of the driver in case of accident outside Ukraine

Procedure of driver's actions in case of accident outside Ukraine 1. Stop the vehicle and stay at the accident site. Do not change the position of the vehicle under any circumstances. 2. Call the police. Obtain a copy of the report or any other document that establishes fault, identifies the participants and the circumstances of the accident (it is advisable to take photos or videos of the vehicles involved in the accident from different angles and of other objects involved in the accident). If none of the accident parties speaks the language of the country where the accident occurred, you should call the Motor Bureau (an organization established to control the activities of insurers) of the country where the accident occurred (phone numbers are on the back of the Green Card policy). 3. If you are required to sign a document If you are required to sign a document in which the fault of the parties involved in the accident is stated in a language that you do not understand, yo...

Read more…

Accident perpetrator without insurance - what should the victim do?

Accident without insurance - what to do with the victim Sad statistic: About half of the car owners do not consider it necessary to take out an insurance policy. This is despite the fact that the law makes it illegal to drive a vehicle without MTPL insurance. Violating the law seems to be advantageous for drivers: the fine is often less than the cost of insurance. But what should the victim do if the person who caused the accident has no insurance and refuses to pay? Who will pay for the damage? How an insurance policy works If the owner of a car with a formalized MTPL becomes the culprit of the accident, the policy covers payments to the injured party. If the person who caused the accident has no insurance, there will be no one to compensate for the damage. What can you do? However, according to the law, the perpetrator of the accident is still obliged to take responsibility. It is necessary to pay for the repair of the victim's car, a fine for lack of insurance, to compensa...

Read more…

CASCO Insurance

CASCO Insurance CASCO (from the Italian word casco - helmet) is the insurance of a vehicle against risks that may arise during the operation of the vehicle. "Full CASCO" means insurance against all possible risks, while "partial CASCO" covers only some risks. CASCO insurance means only insurance of the vehicle itself and does not include insurance of liability to third parties, insurance of the driver and passengers, property (cargo insurance) transported in the vehicle. Objects of insurance The subject of the motor hull insurance are means of land transport - trucks, cars, special cars, motorcycles, trailers and some other vehicles owned by legal entities or natural persons, including additional equipment and facilities, which are in the possession of the Insured on the basis of ownership, use or disposal. The insurance is provided at rates that depend on the type of vehicle, its age, value, type of use and storage conditions. This type of insurance also tak...

Read more…

Popular Posts

Insurance Against the Flu: Key Points and Offers

Insurance Against the Flu: What You Need to Know About Policies and Offers Some insurance companies offer voluntary health insurance (VHI) programs for protection against the flu and acute respiratory diseases, but there is no unified approach to this issue. Some programs include mandatory vaccinations and compensation for illness, while others provide flu treatment within broader insurance plans without having separate programs. Specialized flu insurance may exist, but difficulties in diagnosis and determining the connection between complications and the flu can lead to disputes over claims. Overall, while specialized programs may be more affordable, the uncertainty in diagnosis makes them less appealing to insurers. Challenges: The main issue with flu insurance is the difficulty in diagnosing influenza distinctly from other respiratory infections. Insurers require a clear flu diagnosis to determine coverage, leading to potential disputes over claims. If complications arise, the i...

Read more…

4 cases when the insurance payment is not enough for repairs

4 cases when the insurance payment is not enough for repairs Situations when the insurance payment is not enough for repairs are not uncommon. Why does this happen? Is it fair for an insurer to pay less than the cost of repairs? Volodymyr Shevchenko, Director General of MTIBU, spoke about how to avoid such situations and receive the missing funds. Starting from September 21, 2019, the maximum amounts of payments under the contracts of compulsory insurance of civil liability of vehicle owners (CTPCI) have increased by one third and now amount to UAH 130,000 - for damage to "hardware" (car and other property) UAH 260,000 - for damage to life and health. According to MTIBU estimates, only in 1-2% of accidents did property damage exceed the previous limits (UAH 100,000). But in the total amount of payments, such insured events accounted for about 6-7% of the money paid by insurers under the "motor citizen". In other words, we had few victims who were involved ...

Read more…

Types of compulsory insurance

Types of compulsory insurance In Ukraine, the following types of compulsory insurance are carried out: health insurance; personal insurance of medical and pharmaceutical employees (except for those working in institutions and organizations financed from the State Budget of Ukraine) in case of infection with the human immunodeficiency virus during the performance of their official duties; personal insurance of departmental employees (except for those working in institutions and organizations financed from the State Budget of Ukraine) and rural fire brigades and members of voluntary fire brigades (teams); insurance of sportsmen of higher categories; life and health insurance of specialists in veterinary medicine; personal insurance against accidents in transport; aviation insurance of civil aviation; liability insurance of the maritime carrier and the performer of work related to the servicing of maritime transport, in respect of compensation for losses incurr...

Read more…

How and why are insurance classified?

How and why are insurance classified? The classification of insurance allows to establish differences and similarities of forms and types of insurance, to reduce them to a certain number of groups and thus facilitate their study and practical use. The classification of insurance divides the whole set of insurance relationships into interdependent links (in the sphere of activity, industry, sub-sector and types) that are in each other in a certain subordination, in such a way that each subsequent link of the classification is part of the previous one. It is also important for understanding the internal structure of insurance, in developing methodological approaches to its assessment, as well as in its theoretical study. By objects of insurance Objects of insurance are the main feature of the classification of insurance: property insurance – a set of types of insurance, the object of which is the property of legal entities and individuals, for example, insurance of land transpo...

Read more…

Insurance of civil liability of a bankruptcy trustee

Insurance of civil liability of the liquidator Insurance of civil liability of a bankruptcy trustee (receiver, manager, liquidator) for damage that may be caused in connection with the performance of his duties is a type of insurance, the subject of which are property interests, not in conflict with the law, related to compensation of damage caused by the insured or another person, whose civil liability to third parties is insured, as a result of the professional activity of the bankruptcy trustee (receiver, manager, liquidator). This type of insurance provides for the insurer's obligation to pay indemnification to a third party for a fee (premium, insurance payment, insurance premium) established by the insurance contract in accordance with the terms of the insurance contract for damage caused by unintentional actions or errors in the exercise of the powers of the insolvency manager (receiver, liquidator, liquidator). Agricultural insurance Agricultural insurance (Insurance...

Read more…