Motor own damage insurance

ProductID ак


What does it consist of?
VOLUNTARY INSURANCE which protects your vehicle and covers damages from different risks: natural disasters, fire, theft of vehicle or equipment installed in it, damages in parked state, repairs after a collision with another vehicle or object on the road regardless who is to blame for the incident.How is it concluded?THE INSURANCE CAN INCLUDE only some of the abovementioned coverage, depending on the purpose of the vehicle and the client’s requirements regarding the amount of the insurance premium (the insurance price). It is normally valid for one year, unless a different period is agreed upon.

What documents are necessary?
A COPY OF THE VEHICLE’S REGISTRATION CERTIFICATE. If the vehicle has been purchased recently by the official importer of the relevant brand, a copy of the purchase receipt and a copy of the vehicle registration certificate are required. When concluding the insurance and during the time of its validity, the vehicle has to be roadworthy. That is proved using a roadworthiness certificate. In case an insurance event occurs, the insurers check the validity of the roadworthiness certificate. When a Motor own damage insurance is concluded most insurance companies require the vehicle to be equipped with an audible alarm system and once the Motor own damage insurance is issued, for the vehicle to be examined. This is the only way you will have coverage for all vehicle’s risks.

Where does it apply?
IT IS VALID FOR THE TERRITORY OF THE REPUBLIC OF BULGARIA. If the Motor own damage insurance and the Motor third-party liability insurance are concluded at the same insurance company, the vehicle receives a free Motor own damage insurance coverage in the countries-members of the EU. If the insurance is concluded with different companies, in order for the Motor own damage insurance to be valid abroad, it is necessary to issue an appendix to the policy, which is paid in accordance to a tariff determined by the relevant insurer. In certain companies the insurance can be valid for the Republic to Bulgaria and abroad (EU and countries-members of the International Green card treaty), regardless whether a Motor third-party liability insurance has been concluded. In certain countries, the risk of theft is excluded (Russia, Ukraine, Belarus, Moldova, Albania, Bosnia and Herzegovina and Kosovo).

What is the price?
THE MOTOR OWN DAMAGE INSURANCE PRICE is determined depending on the type of vehicle, the vehicle insurance amount, the particularities of the vehicle and its additional equipment, the territorial validity of the insurance, the payment method - as a lump sum or in installments, existing damages and paid compensations.

How should we react in case of damages?
In case of damages it is very important to act quickly, within the established terms. Within 3 days the insurer has to be notified in writing regarding events dother than theft and fire. In case of fire and theft, the insurer has to be notified in writing within 24 hours. In case of losing a locking device, remote control, vehicle registration certificate or registration plates, the Traffic police have to be notified immediately. They issue a certificate. The insurer has to be notified within 24 hours.In case of a road accident: call the Traffic police at 166 or 112 and request an officer to be sent to the spot.In case of theft, you should notify the Ministry of Interior Regional Directorate of the territory where you are located.In case of fire, call the fire department at 160 or 112.

Related items