APPA and CASCO insure us against different levels of risk. If APPA provides third-party liability coverage, CASCO covers the car expenses caused by physical damage, including the one inflicted by third parties, and theft. Hence, CASCO contract is no substitute for APPA.
You can purchase a CASCO contract for the cars that were manufactured maximum ten years ago. If your car is more than ten years old, don’t worry, just apply for CASCO UNIVERSAL.
To terminate a contract the passport of the insured party and two copies of the contract should be produced.
A CMTPL contract can be purchased for a minimum timeframe of three months for the vehicles registered in RA and for ten days for the vehicles that have no RA registration. The maximum timeframe of the contract is one year.
The insurance premium is calculated based on the following factors:
- Type of motor vehicle (passenger truck, etc)
- Vehicle engine power
- Purpose (personal, work-related, taxi, etc)
- Contract timeframe
- Bonus-Malus class.
Registering a motor vehicle accident
An accident is registered through an agreed-upon arrangement if the following conditions are present:
- Only two vehicles were involved in the accident and only one of them was damaged.
- At least one of the two vehicles involved in the road accident has a valid CMTPL agreement.
- One of the drivers takes full accountability for the accident.
- The amount of the expected reimbursement does not exceed 100, 000 AMD.
Required steps
Drivers have to take the following steps to register road accidents
- Take at least three photos of the damages and positions of the collided vehicles.
- Complete and sign the agreed-upon arrangement.
- Call the insurance company of the driver held accountable for the accident to report the road accident maximum within 40 minutes following the accident.
Standard procedure for registering accidents
When the aforementioned conditions are not present, the road accident is registered by the road police. This procedure requires the following steps.
- The accident must be reported to the insurance company maximum within 40 minutes following the accident. There is no need for the insurance company to be on site.
- The road police should be called to the site of the accident and the cars should not be moved until their arrival.
- The drivers of the involved vehicles should attend and contribute to the road police procedure of documenting the accident.
The following programmes are meant for these kinds of cases.
To cover property damage
To cover the injuries caused to the driver held accountable for the accident
Simplified reimbursement procedure
It takes up to 11 business days, including the transfer of funds.
Standard reimbursement procedure
It takes between 13-18 business days, including the transfer of funds.
Moreover, the specified periods may be extended depending on the appeals in the process.
- The vehicle owner, the vehicle tenant and the insured held accountable for the accident.
- Those individuals who were in a stolen or an illegally used vehicle, except for those cases when those individuals were not aware of the fact that the vehicle was stolen or was illegally used, or when they were inside the vehicle against their will.
The family members of the vehicle owner or tenant will not receive the reimbursement of the car damage.
An appeal application should be completed. More information
The Guarantee Fund is a fund established in accordance with the Law on Third Party Liability Insurance, managed by the Bureau, and whose purpose is to compensate for the damages caused to injured parties in cases specified by law at the expense of the Guarantee Fund.
Details here:
- If you have been a victim in an accident, JUST CASCO can support you.
- If you have been held accountable for the accident, VMTPL, the voluntary motor third party liability insurance policy, can support you.
Bonus-Malus is a system of discounts and insurance surcharges in CMTPL field. More details here
Insurance compensation is the amount payable by the insurance company or the Bureau to the injured party or, in cases provided for by law and (or) the MTPL contract, to other persons in the event of an insured event.
The following damages caused to the injured party are subject to compensation:
- personal damages,
- damages caused to property.
More details
To get the refund, one should submit a complete application form along with required documents.
You are eligible to JUST CASCO refund if you are you are the injured party in an accident.
No, you can't.
You can use the evacuator service only when your vehicle is disabled by any mechanical failure.
The program is designed to provide unlimited services but you can use the same service only once for every accident.
In case of a road accident, please
- Don’t move the cars and report the accident by calling 098 277 277 and following the instructions you will receive.
- Do report the accident to the relevant competent authority.
- A written report must be filed to the insurance provider within two days following the accident.
The Insured Party has to submit a written report to the Insurance Company within three days of the accident.
Yes, since the contract states that on the payment of insurance cover, the Insurance Company is granted the right of the Insured Party to to seek reimbursement for the payout.
For example, if an X party is responsible for the inflicted damage, you will not have to be involved in any legal disputes with that X party, as the Company will cover your loss and is granted the right to claim back reimbursement from the Party.