Andrey Kosenkov told Liga.net about the impact of national currency depreciation on indemnity under CASCO car insurance.

It is not a secret that among insurance companies working in Ukraine, sometimes one can meet a companies, which tries to decrease expenses by refusing to pay reimbursement for an insured car, which had an accident. I’ll try in short to explain how avoid the most popular games of insurance companies in the process of liability and CASCO underwriting.

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Recent events in Ukraine such as sudden annexation of the Crimea, military clashes in Donetsk and Lugansk regions, US dollar exchange rate instability brought about coming up of the natural question relevant to both ordinary citizens and businessmen – is it possible to be insured against damage caused by civil commotions, terrorism or military operations?

This article focuses on significant extension which most insurance policies usually lack.

To begin with, I’d like to contradict the common belief that CASCO insurance is too expensive to be worth purchasing. If you are looking to minimize your expenses when concluding such agreements feel free to consider the following options which allow you to pay less without jeopardizing indemnity payments.