Province Brasov
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No compensation is granted for:
– the damage caused to the vehicle by improper maintenance or improper use for its intended purpose is excluded. Damage caused by use, operation, wear, and tear is also excluded. This includes damage from manufacturing defects of the structure or parts, including incorrect setup. Damage caused by the influence of temperature on the vehicle engine is not covered. For example, water freezing in the cooling system is excluded. Damage from the engine, gearbox, or differential due to lack of lubrication is not covered. Overheating damage is also excluded.
– damage caused to tires or cameras through cuts, punctures, and explosions. Except the case when the damages are a result of insured risks that happened and affected the insured vehicle.
– the damages caused to the additional equipment fitted to the vehicle if they were not declared by the insured in the application questionnaire and their value was not included in the vehicle’s insured amount.
– any type of damages caused to the vehicle due to driving it through flooded places.
– indirect damages (for example: reduced monetary value of the vehicle after repairs, losses caused by not using the vehicle, etc).
– damages caused to the parts of the vehicle that were already damaged when the insurance contract was signed and that are mentioned in its inspection report, that were not fixed by the insured and acknowledged by the insurer before the date the insured risk occurred.
– replacing damaged parts of the insured vehicle’s car body, that is still covered by the warranty, for remediation, even though the repair is technically possible, and does not affect the safety of travel, the repair unit requires the replacement of the part to maintain the warranty.
– damages caused to any subassembly or parts of the vehicle by not complying with the rules regarding the loading and mooring of the goods during transportation, towing, or hoisting.
– the expenses incurred for the remedy of unsuccessful repairs, as well as those for the transformation or improvement of the vehicle compared to its condition before the occurrence of the insured risk.
– when the insured did not notify the insurer in writing within the timeframe stated in the insurance contract. The insured also repaired the vehicle without the insurer’s consent. This occurred before the insurer’s representative assessed the damage.
War (declared or not), invasion or the actions of an external enemy, civil war, revolution, rebellion, insurrection, military dictatorship, conspiracy, strikes, civil disturbances, terrorism.
Atomic explosion, radiations, or radioactive infestations as a result of using atomic energy or fissile materials.
Pollution or contamination of any nature and from any cause.
– the accident was caused on purpose;
– the accident occurred while driving the vehicle under the influence of alcoholic beverages or while committing acts criminalized by the legal dispositions regarding traffic on public roads, even if these acts did not occur on such roads, or while committing other crimes;
– the vehicle did not have a valid registration certificate or a valid driving permit;
– at the time of the accident, the vehicle was driven or operated by a person without a valid driver’s license for the respective category of vehicles or after their driver’s license was withdrawn, canceled, or withheld for cancellation, or because of the suspension of the right to drive;
– the accident occurred while the perpetrator of the crime was trying to escape pursuit.
The rules mentioned in the last two paragraphs do not apply if the insured vehicle was stolen.
Theft or attempted theft, if no complaint in this regard has been registered with the police, as well as when members of the insurer’s family – individual, or in the case of the insured – legal entity, its subordinates took part in committing the theft or attempted theft;
The cases in which the person included in the insurance favored the occurrence of the insured risks or diminished the possibility of reducing their consequences.
No compensation is granted for:
– the damage caused to the vehicle by improper maintenance or improper use for its intended purpose is excluded. Damage caused by use, operation, wear, and tear is also excluded. This includes damage from manufacturing defects of the structure or parts, including incorrect setup. Damage caused by the influence of temperature on the vehicle engine is not covered. For example, water freezing in the cooling system is excluded. Damage from the engine, gearbox, or differential due to lack of lubrication is not covered. Overheating damage is also excluded.
– damage caused to tires or cameras through cuts, punctures, and explosions. Except the case when the damages are a result of insured risks that happened and affected the insured vehicle.
– the damages caused to the additional equipment fitted to the vehicle if they were not declared by the insured in the application questionnaire and their value was not included in the vehicle’s insured amount.
– any type of damages caused to the vehicle due to driving it through flooded places.
– indirect damages (for example: reduced monetary value of the vehicle after repairs, losses caused by not using the vehicle, etc).
– damages caused to the parts of the vehicle that were already damaged when the insurance contract was signed and that are mentioned in its inspection report, that were not fixed by the insured and acknowledged by the insurer before the date the insured risk occurred.
– replacing damaged parts of the insured vehicle’s car body, that is still covered by the warranty, for remediation, even though the repair is technically possible, and does not affect the safety of travel, the repair unit requires the replacement of the part to maintain the warranty.
– damages caused to any subassembly or parts of the vehicle by not complying with the rules regarding the loading and mooring of the goods during transportation, towing, or hoisting.
– the expenses incurred for the remedy of unsuccessful repairs, as well as those for the transformation or improvement of the vehicle compared to its condition before the occurrence of the insured risk.
– when the insured did not notify the insurer in writing within the timeframe stated in the insurance contract. The insured also repaired the vehicle without the insurer’s consent. This occurred before the insurer’s representative assessed the damage.
War (declared or not), invasion or the actions of an external enemy, civil war, revolution, rebellion, insurrection, military dictatorship, conspiracy, strikes, civil disturbances, terrorism.
Atomic explosion, radiations, or radioactive infestations as a result of using atomic energy or fissile materials.
Pollution or contamination of any nature and from any cause.
– the accident was caused on purpose;
– the accident occurred while driving the vehicle under the influence of alcoholic beverages or while committing acts criminalized by the legal dispositions regarding traffic on public roads, even if these acts did not occur on such roads, or while committing other crimes;
– the vehicle did not have a valid registration certificate or a valid driving permit;
– at the time of the accident, the vehicle was driven or operated by a person without a valid driver’s license for the respective category of vehicles or after their driver’s license was withdrawn, canceled, or withheld for cancellation, or because of the suspension of the right to drive;
– the accident occurred while the perpetrator of the crime was trying to escape pursuit.
The rules mentioned in the last two paragraphs do not apply if the insured vehicle was stolen.
Theft or attempted theft, if no complaint in this regard has been registered with the police, as well as when members of the insurer’s family – individual, or in the case of the insured – legal entity, its subordinates took part in committing the theft or attempted theft;
The cases in which the person included in the insurance favored the occurrence of the insured risks or diminished the possibility of reducing their consequences.
Motor vehicles are insured at their real value on the date of signing or renewing the insurance. The real value of the vehicle represents the resale value on the insurance date (according to invoices, catalogs, or price lists), except for wear and tear, established concerning its age.
The CASCO premium varies depending on the vehicle’s value and age, claims history, driver profile, and the level of coverage and deductible chosen.
In practice, the annual premium may represent approximately 3%–8% of the insured value of the vehicle, depending on risk conditions and the insurer’s underwriting policy.
The deductible is the portion of the loss borne by the insured, as established in the contract. It may be:
• fixed (a determined amount),
• percentage-based (calculated in relation to the insured amount or the value of the loss).
A higher deductible reduces the insurance premium but increases the insured’s out-of-pocket contribution in the event of a claim.
total loss occurs when the repair cost exceeds a certain percentage of the insured value (the percentage is specified in the policy conditions).
Compensation is generally calculated as:
• the market value of the vehicle at the date of the event,
• minus the salvage value (if the remains stay with the insured),
• minus the applicable deductible.
A replacement vehicle (courtesy car) is an optional benefit, available only if expressly included in the policy. This feature is not automatically included in all CASCO policies.
In the case of vehicles financed through leasing or credit:
• the financier is usually designated as the policy beneficiary,
• compensation for total loss is paid primarily to the financier,
• any remaining difference, if applicable, is paid to the insured.
In leasing agreements, obtaining a CASCO policy is generally mandatory under the financing contract.
CASCO insurance can be concluded with or without a deductible (fixed amount or percentage of the insured amount that remains to be paid exclusively by the insured).
The insurance policy is concluded after the vehicle’s inspection risk, carried out by the insurer’s representative and based on the declarations of the insured in the application questionnaire. This, together with the inspection report of the vehicle, the clauses, policy’s addendums made in writing by the insured regarding the condition of the vehicle, are an integral part of the policy.
When concluding the insurance policy, the applicant must present the original documents of the vehicle: the registration certificate and the identity card, in case of new vehicles, purchased directly from manufacturers or dealers in Romania, the policy can also be concluded based on the purchase invoice and the provisional traffic permit.
The insurance premium can be paid in full or in installments (maximum 12). Contact us for more details.
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