OSAGO, that is, compulsory motor third party liability insurance, in our country is drawn up by a policy confirming the fact of insurance. Such a policy has its own validity period. after which it must be renewed.
OSAGO is a type of insurance that is designed to cover losses caused by the actions of the driver to other road users or their property. Thus, the insurance payment under OSAGO in the event of an accident in which the person is guilty will relieve him of the need to pay any money for the damage caused by you, but will not ensure that the culprit himself receives any money. On the contrary, if the person was not to blame for the accident, the CTP policy, which the person responsible for the accident should have, will cover his expenses for restoring the car.
However, one should not expect that damage caused to an innocent person will be fully covered, regardless of its size. The Law "On Compulsory Liability Insurance of Vehicle Owners" establishes that damage caused to the life or health of each person injured in an accident can be compensated for in an amount not exceeding 160 thousand rubles, and damage to the property of each victim - no more than 120 thousand rubles. At the same time, the aggregate amount of payments for damage caused to the property of all victims should not exceed 160 thousand rubles.
Renewal of the policy
The CTP policy is usually issued for a period of 1 year, however, at the request of the car owner, it can be shorter. According to the current legislation, only the person who is included in the OSAGO policy issued for this car can drive a vehicle. At the same time, the insurance rules allow you to enter several drivers into one policy or not to limit the circle of persons entitled to drive this car. However, this will certainly affect the cost of insurance.
The very next day after the previous policy expired, the driver is not allowed to go on the road without taking out a new insurance. Therefore, it is recommended to first visit the office of the insurance company to issue a new policy. At the same time, you should not worry about the fact that several already paid days of insurance will disappear: a new insurance policy will be issued exactly from the moment the previous one ends.
In order to renew the OSAGO policy, it is necessary to present to the insurance agent a standard package of documents, including passports and driver's licenses of all people who are planned to be entered into the policy, as well as the passport of the technical device and a certificate of its registration. In addition, it will be useful to take your previous CTP policy with you: if the driver has traveled without accidents for the last year, he is entitled to a five percent discount on the cost of the new policy. After presenting all the necessary documents, the insurance agent will enter your data in the form of the established form, and by paying the cost of insurance, you will again acquire the right to move in your car.
At the same time, you can renew the policy both in the same company where you were previously insured, and in another organization. Such an opportunity can be useful for drivers who are not satisfied with the quality of service of their insurer and wish to change it.