Motor Own Damage Insurance (Casco)
Subject of the insurance
Мotor vehicles, within the meaning of the Law on road traffic, withplate registration numbers, issued in the Republic of Bulgaria.
Insurance cover
The insurer’s liability covers caused total loss or partial damage to a motor vehicle and/or additional equipment to them, as a result of occurred insurance events of the covered risks, according to the clause present in the insurance contract as follows:
Clause A: “Mini Casco”
Fire and natural disasters.
Clause B: “Partial Casco”
Except for the covered risks pursuant to clause “А”, the Insurer pays losses occurring as a result of collision of motor vehicles with one another or with other movable or immovable subjects.
Clause C: Larceny or robbery of the entire motor vehicle
Clause D: “Full Casco”
Except for the covered risks pursuant to clauses “А”, “В” and ”С”, the Insurer pays for losses arising as a result of: malicious activities by third persons; damages of stolen and found motor vehicle, when the larceny is declared according to the requirements of the General Insurance Conditions; larceny of windscreens through breaking, provided there is a document issued by the competent bodies; burglary of additional stationary installed equipment in the coupe, provided there is additionally paid insurance premium and document from competent authorities; damages caused by intentional arson of motor vehicle, explosive devices; damages caused at a parking lot by other motor vehicle.
Territorial scope
This insurance covers damages, occurred on the territory of Republic of Bulgaria and/or abroad.
Sum insured
The sum insured is defined on the basis of the presented documents and the inspection of the vehicle. For newly bought motor vehicles (up to 1 year from the date of manufacturing) the actual value is the price of the invoice, issued by the manufacturer or the official importer. For the rest motor vehicles, when an invoice is not available, the actual value is defined on the basis of the catalogue “SUPER SCHWAKE”.
Insurance premium
The insurance premium is defined by the Insurer according to the actual rate. The premium could be paid in installments.
Conclusion and term of the insurance
The insurance contract is concluded on the grounds of a written offer according to a form of the Insurer. An inspection of the vehicle should be done before the conclusion. The term of the insurance contract is up to 1 (one) year.
When is the insurance indemnity paid
Upon occurring of an insurance event, covered according to the General Insurance Conditions, the Insurer pays an indemnity to the Insured person within 15 days after presenting all the necessary documents for the claim handling.
What is the claim settlement procedure
There are 3 types of claim settlement:
- on the basis of an expert’s assessment;
- on the basis of the invoices presented;
- repair of the vehicle in a service-station, approved by the Insurer.
The repair in a service-station is made on the basis of contracts, concluded between HDI Insurance Company and service-stations. The entrustment is maid on the basis of entrust letter. The repair’s price (spare parts, work and materials) shall be paid pursuant to the clauses of the contract with the service-station. For vehicles up to 3 years from the date of production the repair could also be made in the service-station of the official importer.
