CASCO 50/50 - the first installment is paid, the second only upon the occurrence of an insured event. This program is a regular contract with a good discount. However, the discount is not easy to provide, so you must agree with many conditions that apply within the framework of this program.
Many large insurance companies offer their clients to take advantage of the voluntary insurance program "CASCO 50/50". What is this interesting insurance product, what are its advantages and disadvantages in comparison with the usual CASCO?
In fact, this is an ordinary insurance contract with the use of a deductible, which many motorists are afraid of like plague.
Disadvantages of the program
All the shortcomings lie in the insurance contract itself. Of course, the usual full-fledged hull insurance would be just an ideal option, but not everything is so simple. This agreement provides for completely individual insurance conditions.
Consider the conditions of this program:
• Most insurance companies have a restriction on drivers who will be allowed to drive. Drivers must be at least 25 years old, with at least 5 years of experience. Drivers who do not fall under these conditions are not eligible for a comprehensive hull insurance program.
• Insurance indemnity is paid only in case of complete loss of the vehicle or theft.
• There is a restriction on the storage space at night.
• Payments are made minus depreciation.
It turns out that in practice this program has numerous limitations that significantly reduce the cost of the insurance contract. Therefore, before concluding a contract, you must carefully read the rules and all the annexes to the policy and only then make a decision.
