Why you need to insure your car

Everyone who uses a car must insure it. Thanks to the policy, one can compensate for the cost of repairs, medical treatment for victims in the event of an accident, or reimburse damages caused to third parties in case of a traffic accident. Without insurance, the vehicle owner risks incurring significant expenses, legal claims, or even losing the car.

In Ukraine, there is voluntary (CASCO) and mandatory (OSCPV, or auto liability) car insurance. Each of these insurance products has its advantages and disadvantages, as well as different conditions for covering damages.

It is very convenient to arrange auto liability insurance at the insurance company UNIQA. On its website, you can quickly and cheaply arrange an OSCPV contract. This type of insurance is mandatory for all car owners in Ukraine according to the law. OSCPV is a tool for protecting victims. It allows covering expenses related to harm to the life, health, and property of third parties as a result of a traffic accident. For example, if a car needs to be repaired, all expenses are covered by the insurance company. If necessary, it will also pay for medical treatment.

When arranging auto liability insurance, it is important to understand that it has limited coverage. If not only third parties are affected but also the perpetrator of the traffic accident, they will receive nothing from the insurance company. Do not expect compensation if the car was damaged due to events not specified in the contract.

You can arrange auto liability insurance in Lviv on the website https://uniqa.ua/private/auto/avtograzhdanka/lviv/. Here, you can also purchase a voluntary insurance policy — CASCO. This is additional protection that is arranged at your discretion. What exactly the policy will cover depends on the program. The insurance can cover risks such as:

Voluntary insurance has many advantages. First, it provides maximum protection. You receive compensation if the car is stolen, damaged, or affected by other actions. Second, it significantly reduces financial risks. Most of the expenses are reimbursed by the insurance company. Such insurance fully pays off if you buy a new, expensive car. Third, it includes roadside assistance. If your car breaks down, it can be repaired on-site or towed to a service station. High compensation is another significant advantage. The payout amount usually corresponds to the market price of the car or the cost of repairs.

CASCO also has certain disadvantages. These include the high cost of the insurance policy, although it is always possible to find an optimal option. Insurers offer several types of vehicle insurance. The cost of a CASCO policy will depend on the car brand, the driver's experience, and the region. Depending on the chosen insurance, the vehicle owner may encounter difficulties in arranging it. Some companies require additional conditions (for example, the installation of an alarm system).

If the terms of the contract are violated, you may be denied compensation. For example, if the traffic accident occurred because the driver was under the influence of drugs or alcohol.

As you can see, auto liability insurance is a mandatory type of insurance. If you do not arrange OSCPV, you risk receiving a fine according to Ukrainian legislation. CASCO is voluntary insurance, providing an opportunity to additionally protect yourself and your property.