Few people have questions about the difference between CTP and CASCO. But there is also DSAGO. What it is? How is it connected with compulsory motor liability insurance and how is it different from hull insurance? Let's figure it out.
What is it and why is it necessary?
So, DSAGO: what is it and what is it for? Let's start with a reminder of a well-known fact: OSAGO insurance does not always fully cover damage. The prices for spare parts and repairs, as well as the cost of medical services, change faster and more often than the maximum insurance payments are being reviewed. Moreover, not a single driver, even the most experienced one, can be fully protected from accidents.
CASCO allows you to guarantee payments in the right amount, but this service is expensive, and not every car owner can afford such expenses. In this case, you should think about the type of insurance we are considering.
DSAGO insurance is otherwise called extended CTP. The advantage is a significant increase in the insured amount compared to the “auto citizen” . If the payment that is required under OSAGO is not enough to fully compensate for the damage, then the difference can be paid in the framework of DSAGO.
Thus, we are talking about voluntary motor third party liability insurance in addition to compulsory insurance . Instead of the abbreviations DSAGO, DAGO, DOSAGO, DGO, DSGO can be used.
How to issue?
As already mentioned, DSAGO is voluntary. Consequently, each insurer sets its own tariffs. First of all, the cost depends on the sum insured, however, the driver's experience, type, power and age of the vehicle, as well as the term of the policy also matter.
Do not forget that CTP is a mandatory document for the driver. It is impossible to replace it with DSAGO. In fact, you will have two insurances. But they will cost less than CASCO, which, incidentally, also does not exempt from compulsory motor liability insurance.
To issue a DSAGO policy, prepare:
- Driver's license.
- CTP policy.
- Vehicle registration document.
- Passport.
- Data on persons admitted to management.
The easiest way is to contact the same company that issued you the CTP to avoid problems with determining the amount of payments in the event of an accident.
As a rule, insurers do not inspect a car when acquiring an extension to a “motor citizen”. But if the car owner asks for too high a reimbursement amount (over 2 million rubles), this may cause suspicion from the insurer. Then the inspection will still take place.
It is not necessary to carry an extended insurance form with you.
Who needs DSAGO?
No matter what the insurance agents tell you about the benefits of a voluntary policy, no matter how frightened they risk crashing into an expensive foreign car, their words should be divided into two, or even three. The probability of serious accidents, in which the amount of damage far exceeds the standard limit for compulsory motor liability insurance - 400 thousand rubles, is not so high. Even an expensive car is difficult to damage for a higher amount in driving conditions on city streets.
Nevertheless, DSAGO will not interfere with young, inexperienced car owners with little driving experience, as well as those who prefer an aggressive driving style and high speeds.
How is DSAGO different from Hull and CTP?
Speaking of voluntary “ auto citizen”, it would be nice to draw a parallel with other types of auto insurance in order to better understand the essence of DSAGO. What is it, we figured out, but how does it differ from the same voluntary hull?
CASCO is the protection of the insured car, while CTP and DSAGO are the protection of the liability of the car owner. If you became the culprit of an accident, then if you have a CASCO, you can count on the cost of repairing your car. If you have only OSAGO or DSAGO, then only the injured party will receive compensation.
The difference with OSAGO is the cost of the policy and the amount of compensation. The Central Bank sets tariffs for compulsory motor liability insurance, and insurers are free to “experiment” as much as they like with the DSAGO price. As for the insured amount, the payment under the DSAGO represents the difference between the compensation under the compulsory motor liability insurance and the actual amount of damage.
So we have figured out everything about DSAGO: what it is, how to arrange it, and whether it is possible to replace other insurance with it. Be vigilant on the road!