The State Insurance Organization of the Kyrgyz Republic has announced the introduction of a new voluntary insurance product called "CASCO-Extra." This policy provides car owners with additional options compared to mandatory car liability insurance (OSAGO).
As explained by the company, the standard OSAGO policy covers the driver's liability to third parties. However, if an accident occurs due to the driver's fault, their own losses are usually not covered. "CASCO-Extra" was created specifically for such situations.
The "CASCO-Extra" policy operates on the principle of "mirror" protection: if the driver is found at fault in the accident, the standard OSAGO compensates the damages to the affected party, while "CASCO-Extra" reimburses the damages to the policyholder's own vehicle. Thus, the client receives comprehensive protection: liability to other road users under OSAGO and protection for their vehicle under the additional policy.
This product is available to individuals who have a valid OSAGO policy and is issued without the need for an additional vehicle inspection. The cost of "CASCO-Extra" corresponds to the cost of OSAGO and is calculated based on the remaining term of the mandatory policy. The same coefficients are used, including the bonus-malus system. Clients can expect unified service and quick resolution of insurance claims. Additionally, there is no deductible for either policy.
The insurance amount reaches 450,000 soms in total, while the limit for a single insurance case is up to 150,000 soms.
The insurance coverage includes damage to the vehicle in case of an accident if the driver is found at fault, as well as risks related to fire or explosion resulting from this accident. The "CASCO-Extra" product does not replace traditional CASCO but provides more accessible insurance protection within the cases covered by OSAGO.
The launch of "CASCO-Extra" became possible due to numerous customer requests expressing the desire for additional protection for their vehicles at a reasonable price.
The "CASCO-Extra" contract is concluded for a term that does not exceed the validity period of the OSAGO and automatically terminates upon the termination or expiration of the latter. The insurance premium is calculated proportionally to the remaining term of the mandatory policy.
The State Insurance Organization is one of the leading insurance companies in Kyrgyzstan and offers a wide range of insurance services for both individuals and legal entities.
