Why do you need an MTPL policy?

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The OSAGO policy is compulsory insurance of civil liability of a motorist, that is, cases when he became the culprit of an accident and now must compensate for the damage to others. The MTPL policy has a strict compensation limit, which is determined by the state for each victim: up to 400, 000 rubles in case of damage to a car and other property, up to 500, 000 rubles in case of harm to human life and health.

Contents of the article:

• Why do you need car insurance?
• What is the difference between Casco and Osago?
  

  • Briefly about the differences between CASCO and OSAGO:
    

    • Is it necessary to do OSAGO if you already have CASCO insurance?
    • What happens if you don’t apply for compulsory motor liability insurance?
    • What is an electronic MTPL policy? What are its advantages?
    • Why can’t e-MTPL be issued through unverified persons?
    • How to check the authenticity of OSAGO? What to do if you bought a fake policy?
    • How to choose a reliable insurance company?

Why do you need car insurance?

There are cases when the driver caused an accident, causing damage to someone else’s property. Then, by law, he is obliged to compensate for this damage. But often the person at fault does not have the required amount, and he has to go into debt. To avoid such a situation, according to the CTP system, the state introduced compulsory car insurance. Now every driver is required to take out such an insurance policy for his car and buy compulsory insurance policy so that even in the event of an accident, it is not he himself who pays for the damage, but his insurance company.

What is the difference between Casco and Osago?

OSAGO covers damage that the driver caused to others as a result of an accident – for example, to someone else’s car or its cargo. But he must pay for the repairs of his own car himself.

Unlike Osago, your car is insured in a CASCO policy, so you will receive compensation regardless of whether you were the culprit of the accident or the injured party. In addition, as a result of the actions of vandals, falling trees, complete loss of the car, and even in the event of theft, CASCO will cover the damage to your car. By connecting additional options, the CASCO insurance coverage can be extended to additional devices installed in the car, to the life and health of passengers, and even to pets transported in the car. Apply for a CASCO policy

Briefly about the differences between CASCO and OSAGO:

Is it necessary to do OSAGO if you already have CASCO insurance?

OSAGO is a compulsory insurance policy, so it must be taken out in any case: regardless of whether you have a CASCO policy or not. A CASCO policy is an additional insurance for your car, so it must be purchased separately. However, with Tinkoff insurance, at the final stage of filling out an application for compulsory motor liability insurance, you can add a special Casco Tree Caso policy. Casco Drive will compensate for damage to your car in the amount of up to 500, 000 rubles, even if the person at fault for the accident does not have an MTPL policy or it turns out to be fake. With CASCO Drive, in case of an accident, you will receive free towing of your car with a limit of 10, 000 ₽. This policy is only available for cars under 10 years old. Get compulsory motor third party liability insurance with Casco Drive

What happens if you don’t apply for compulsory motor liability insurance?

According to the law, it is impossible to drive a car without a compulsory motor liability insurance policy. Each time, checking documents, the traffic police officer has the opportunity to use the insurance policy. If there is no OSAGO at all, the fine will be 800 ₽, and if you have a policy, but you cannot provide it – for example, if your house is sealed – the fine will be 500 ₽. A fine of 500 ₽ will also be imposed if you transfer control of the car to a driver who is not included in the OSAGO policy, or if you drive the car beyond the level of use specified in the policy. But it is much more unpleasant to be the culprit of an accident without a compulsory motor liability insurance policy – in this case, the victims will have to pay compensation from their own pocket.

What is an electronic MTPL policy? What are its advantages?

You can issue such a policy via the Internet so as not to waste time traveling to the office of the insurance company, which is why it is called electric or e-OSAGO. After payment it will be sent to you by email. If you wish, you can print it out and put it in the car in paper form, but it is quite simple to have e-OSAGO on your phone. An MTPL electric policy actually has the same legal force as a regular one on a form, although it cannot be left somewhere or lost. Such a policy can also be obtained at any time in the application on your phone. It is possible that traffic police officers will show the e-MTPL policy directly from the phone screen – this is legal. An electronic MTPL policy is also suitable for registering a car with the traffic police.

Why can’t e-MTPL be issued through unverified persons?

Unfortunately, there are still scammers who offer to issue MTPL electric policies on very attractive terms – much more profitable than the established tariff corridor. But if it turns out that the client of such insurance is the culprit of the tragedy, the victim’s insurance company will recover from him the full price for the damage through the court. To avoid such problems, apply for e-MTPL only through agents with the highest reputation in the market and cooperate with reliable insurance companies. You can also apply for an electric OSAGO policy yourself – on the website of the insurance company you choose. This is quite elementary: you just need to find out the details of the car and its owner, as well as the drivers you want to include in the policy. The entire procedure usually takes 10 minutes.

How to check the authenticity of OSAGO? What to do if you bought a fake policy?

The authenticity of the policy can be found on the website of the Russian Union of Auto Insurers and in the mobile application “OSAGO Assistant”. Just enter the series and policy number. If it is invalid, the service will notify you about it. Find out the policy on the RSA website or download the MTPL Assistant for iOS and Android, the latest MTPL policy than any other question directly on the website of the insurance company you like.

How to choose a reliable insurance company?

It is good if the selected insurance company meets the following aspects:

• Has a valid permit to engage in insurance activities;
• Included in the list of the largest insurance companies in Russia;
• Has good reviews from online buyers;
• Has a balanced insurance portfolio, i. e. fees for issuing OSAGO and CASCO policies are no more than 50% of all fees per year;
• Has a personal property service that can really help buyers find out the truth if their rights have been violated.

For example, in 2021, the insurance company assigned a reliability rating of “Moderately increased reliability with the greatest possibility of maintaining the rating at the same level in the medium term.” This means that our company has the ability to provide compensation for insurance claims both now and in the future.