Voluntary Insurance of Civil Liability of Motor Vehicle Owners
Motor Vehicle Owners Voluntary Civil Liability Insurance
Road Traffic Accidents involving expensive cars and resulting in losses greater than the sum determined by the Law on Mandatory Civil Liability Insurance (MCLI MVO) occur more often. Legally the person responsible for a traffic accident must pay the lacking funds on his/her own. Voluntary motor vehicle owner liability insurance (VCLI MVO) will help avoid such costs.
Voluntary insurance of civil liability is a supplement to mandatory policy. This is a choice of serious and responsible drivers.
This contract is especially necessary for those who live in large cities, where the probability of a traffic accident involving several cars or expensive foreign cars is high, and MCLI MVO indemnity may not cover all losses.
Small surcharge for voluntary civil liability insurance contract is incomparable with the real benefit of such a service. For example, in Almaty increase in liability limits to 15 million tenge costs only 18 000 tenge.
Insurance indemnity amount with no limits.
Cost of voluntary motor vehicle owner liability insurance
Rates range from 0.09% to 0.5% and depend on the type of vehicle and insurance indemnity option (with or without account for MCLI MVO policy).
Insurance Indemnity Options
- with account for MCLI MVO policy
- without account for MCLI MVO policy
Based on the option “with account for MCLI MVO” insurance indemnity is paid in the event of insufficient sum insured provided for by the Law of the Republic of Kazakhstan № 446-II “On MVO MCLI” of 01.07.2003.
Based on the option “without account for MCLI MVO” insurance indemnity is paid without the use of MCLI MVO policy, even if insured event was registered and recorded by traffic police officers. That is, you keep your MCLI MVO policy, class and accordingly, bonus-malus discount when buying a policy for the next year.
Benefits of using VCLI without account for MCLI
Under “without account for MCLI MVO” option the customer keeps his/her MCLI MVO policy, class and accordingly, bonus-malus discount.