Partial casco insurance in case of collision

Why conclude partial casco insurance in case of collision?

By analysing the domestic motor vehicles insurance market, the expert teams of "DDOR Novi Sad" came to important conclusions, out of which the following should be separated:

• The fact that there are many unreliable motor insurers on the market is directly related to an exceptionally hard and time-consuming collection of damages and other high additional expenses. There are many owners of motor vehicles who had or still have the problems in collecting the indemnity from such insurers.
• The most frequent motor claims refer to damages that were the result of a collision of two or more vehicles.
• The owner wants to find good economic protection of his motor vehicle by stipulating a quality casco insurance with a reliable and highly professional insurer with good references both in the country and abroad.
• The above is made difficult due to difficult financial position of many owners of motor vehicle.

Unfortunately, among large number of those who have MTPL policy with "DDOR Novi Sad", there is a significant number of those who are compelled or shall be compelled to collect damages that were not caused by their fault from unreliable insurers in a painstaking manner.

Having all this in mind and wishing to provide solid protection of their insureds that already have MTPL policy to the maximum and at the lowest possible price, "DDOR Novi Sad" created this new product.

What is the basic risk against which this policy provides protection?

Firstly, this insurance provides insurance protection against basic risk, i.e. in case of someone else's liability. It provides cover for damages to motor vehicles that were caused by another driver by his own fault, who is insured with some other, frequently unreliable insurance company or is even uninsured, but is still subject to the compulsory insurance, according to the Law on insurance of persons and property. Such damages will become the obligation of "DDOR Novi Sad". In order for this advantage to become available to wide circle of our insureds, it is possible to take out insurance against this basic risk in two attractive ways, each of which include symbolic premium.

What is the price of insurance against this basic risk?

For the sake of figurative speaking, we shall mention the following example:

If you opt for the sum insured at "first risk" in the amount of 90,000.00 dinars (estimate the real value of your car), it means that "DDOR Novi Sad" will indemnify to you the real damage of your car, caused in the described way, up to the stated amount. It is understood that you choose the concrete amount of the sum insured in accordance with your wish and possibilities. The premium for the above stated sum amounts only 630.00 dinars per year and you can pay it in several monthly instalments. Naturally, if the stated sum is less, the premium is proportionally less too and vice versa.

Can you provide cover for situations where collision occurred by your fault?

Of course, by taking out insurance against the additional risk: partial casco insurance in case of your own liability. In this case, "DDOR Novi Sad" will indemnify the damage to your car even if a collision was your fault. By contracting this additional risk, together with the basic risk, you have a complete protection of your motor vehicle against damages which are the most frequent - collision with the other vehicle disregarding whether the collision was done by your fault or not.

What is the price of this additional risk?

This additional insurance can be concluded through the sum insured at "first risk", where the price is formed in such way as to be the lowest for this kind of risks and easily available to wide variety of our insureds.

If you opt for the sum insured at "first risk" in the amount of 90,000.00 dinars (be sure to estimate the real value of your car first), "DDOR Novi Sad" will indemnify damage to your car that was caused by collision with another motor vehicle and by your fault, up to the stated amount. It is also understood that you select the amount of the sum insured according to your wish and possibilities. Premium for the above stated sum and for this additional risk amounts only to 2,340.00 dinars per year and you can pay it in several monthly instalments. Naturally, if the sum is less the premium is proportionally less, too and vice versa.

Partial casco insurance in case of collision is the privilege enjoyed only by the insured of "DDOR Novi Sad", i.e. it is the result of the company's constant care for providing adequate protection of proprietary interests of their insureds.