Ukraine Car CASCO Insurance: When Can Insurers Deny Indemnity?
February 25, 2016
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Most probably you ran across wrecked cars carrying a vivid banner which said “Insured by…” more than once. In
Of course, in
Failure to contact the Call – center of the insurance company can serve as a direct ground for indemnity denial.If you are about to buy a car in Ukraine and are already thinking about insuring in under CASCO agreement, it’s worth keeping in mind that insurer is liable to pay indemnity for insured events only with the Insured having fulfilled his formal obligations under the agreement. For example, it is imperative to notify the insurer about the accident both in writing and verbally within the specific deadline stipulated by the insurance policy. Failure to contact the Call – center of the insurance company can serve as a direct ground for indemnity denial. That, in fact, is the most popular reason for not being properly indemnified.
The second most popular cause for being left without indemnity is not calling the competent authorities right after the car accident. There are some exceptions to this rule which must be stipulated in the insurance policy, but in the rest of the cases the presence of the police is a must if more than one vehicle is damaged in the accident. Sometimes filling out European Accidents Statements alone can do but not every CASCO insurance policy allows such an option.
Of anyone willing to buy a car
You are facing guaranteed indemnity denial if you were driving the car being drunk or intoxicated irrespective whether or not you got into an accident within the country or you were driving abroad using
Naturally the abovementioned list of indemnity denial grounds is far from being complete as there are dozens of other factors which can entail problematic claim settlement. This article dwells only on those burning issues which make the Insured blame the insurers the most. However all it takes to avoid problems is to be attentive disciplined in observing the agreement’s clauses.
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