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AUTHORIZED DRIVERS

  • The contract is concluded only with fixed drivers,
  • A maximum of 3 drivers (including the owner) can be included in the contract,
  • The authorized driver must be at least 23 years of age and have 3 years of driving experience,
  • Authorized drivers may not be drivers who have had 2 or more accidents (or regardless of the guilt of 4 or more) in the past 3 years.

WHICH VEHICLES CAN BE INSURED?

  • Passenger cars
  • Owned by individuals
  • Production of up to 12 years (released after 2008)
  • Used only for personal purposes
  • Not pledged in the Bank
  • Are mass production and are not included in the list of prohibited vehicles of the CASCO insurance counter
  • Do not have significant damage, corrosion parts

WHAT COVERAGE IS PROVIDED?

Physical damage:

  • Traffic accident (crash, collision, etc.)
  • Fire, explosion
  • Damage from falling trees, pillars, and other objects (as well as from rocks jumping from under wheels)
  • Hail, earthquake, flood, and other natural disasters
  • Illegal actions of third parties
  • Animal actions

Abduction․

  • Loss of vehicle due to theft or robbery

HOW MUCH IS THE INSURANCE COVERAGE?

  • At the conclusion of the contract, the insurance amount is set at the market value of the car,
  • After the insurance indemnity is made during the term of the contract the insurance amount is reduced in the amount of the reimbursed amount,
  • In case of the next compensation during the contract, the damage is partially compensated-in proportion to the ratio of the reduced insurance amount and the insurance cost.

WHAT TERRITORY DOES THE INSURANCE COVER?

  • Insurance includes the territories of the Republic of Armenia and the NKR.

Possible expansion of coverage:

  • In Georgia, Iran and the CIS countries, insurance is valid only after the conclusion of the relevant agreement. Activation of these territories is carried out simultaneously and at the same time; once a year and is valid without interruption for 30 days.

HOW LONG DOES THE INSURANCE APPLY?

The insurance contract is concluded for a period of 1 year. Short-term insurance contracts are not concluded. The insurance premium is paid at a time when the insurance contract is concluded.

HOW MUCH IS THE INSURANCE PREMIUM?

The insurance premium is calculated by multiplying the insurance rate by the insurance amount (market value).

The amount of the insurance rate depends on the following factors:

  • Vehicle model
  • Year of manufacture of vehicle
  • Driver accident history

ADDITIONAL COVERAGE

The CASCO ACTUAL package can also include voluntary motor liability insurance (VMPTL), as well as insurance coverage against accidents of the driver and passengers.

You can read the insurance terms and conditions and the procedure for concluding the contract at the end of this page․

WHO CAN USE THE PACKAGE?

  • Drivers who plan to travel to Georgia within a year
  • Customers who are interested in the option of CASCO insurance with the possibility of installments
  • Anyone who wants to purchase CASCO insurance
  • Individuals aged 23 and older with 3 or more years of driving experience.

WHICH VEHICLES CAN BE INSURED?

  • Vehicles, owned by individuals
  • Passenger cars
  • For personal use
  • Production after 2004

IN WHAT CASES DOES THE INSURANCE COVER APPLY?

  • Traffic accident (crash, collision, etc)
  • Fire, explosion
  • Falling trees, columns, and other objects (also rocks that jump from under the wheels)
  • Hail, lightning, earthquake, floods, and other natural disasters
  • Damage caused by animals
  • Illegal actions of third parties (damage to the vehicle, the destruction)
  • Theft, robbery, robbery

WHAT TERRITORY DOES THE INSURANCE COVER?

  • Insurance is valid on the territory of Armenia, Nagorno-Karabakh and Georgia,
  • Insurance can also cover Iran and the CIS countries once a year for 30 days.

Additional information:

  • The specified extension of the insurance space is free of charge
  • To expand the territories of Iran and CIS countries, the client can approach any office of the company.

INSURANCE RATE

The base rate is 3.3% or 4.4% depending on the vehicle model.

  • The model of the vehicle
  • Date of issue of the vehicle
  • The presence or absence of accidents caused by authorized drivers (can get a discount of up to 30)

WHY SEASONS?

The insurance premium is paid in installments of 4 parts.

HOW LONG DOES THE INSURANCE APPLY?

The insurance contract is concluded for a period of 1 year. The insurance premium is paid in the following order:

  • 25% at the time of signing the contract
  • 25% – until the 71st day after the conclusion of the contract
  • 25% – until the 141st day after the conclusion of the contract
  • 25% – up to 211 days after the conclusion of the contract

This condition allows the client to have CASCO insurance for the period that he most needs, and pay for it not an annual insurance fee, but a fee corresponding to this period.

Example

If the client wishes to travel to Georgia by car in the summer, and the insurance must be calculated only for this period, then he can enter into a contract, pay 25% of the insurance premium, have full CASCO insurance for 2 months, and then not make any payments without incurring any penalties.

If the insurance premium is not paid within the specified period, the insurance contract will be terminated as of the end of the payment period for the next part of the insurance premium, and “INGO Armenia” will not charge the client an insurance fee or a penalty for the non-expired period of the contract.

ADDITIONAL COVERAGE

Taking into account that the CMTPL is valid only in the territory of the Republic of Armenia, this package “INGO Armenia” also includes free motor liability insurance (MTPL) on the territory of Georgia.

Under the agreement, the damage caused to third parties as a result of the operation of insured vehicles on the territory of Georgia will be compensated

  • With damage or destruction of another vehicle
  • With damage or loss of property located in another vehicle
  • Damage or loss of movable or immovable property as a result of a collision with a vehicle in motion
  • Death or disability of individuals

Coverage is provided for the following insurance amounts:

  • Property damage – 1,800,000 AMD
  • For personal damages, each victim will receive 3,300,000 AMD
  • Total personal losses – AMD 10,000,000

If necessary, the client will be provided with free legal advice on incidents on the territory of Georgia. The service is provided by legal companies operating in Georgia and cooperating with “INGO Armenia”.

You can read the insurance terms and conditions and the procedure for concluding the contract at the end of this page․

If:

  • Your car tire is damaged,
  • The fuel has run out and you are stuck on the road,
  • The car battery is dead,

Or

  • Any other failure causing a need for car evacuation.

THEN:

CAR AMBULANCE in a matter of seconds will provide the following services:

  1. Portable vulcanization,
  2. Change of antifreeze,
  3. Fuel delivery,
  4. Power supply regulation (battery charging),
  5. Evacuation.

Get Car Ambulance coverage for only 2,500 AMD per month, or pay 19,900 AMD at once.

The coverage is available throughout Armenia and Artsakh with an annual limit of 300,000 AMD.

Call 010 (077) 59 21 21 right now and instantly get your contract.

Send a message to our Facebook page or just order the contract via chat on our website.

AUTHORIZED DRIVERS

  • The contract is concluded only with fixed drivers,
  • A maximum of 4 drivers (including the owner) can be included in the contract.
  • The authorized driver must be at least 23 years of age and have 3 years of driving experience,
  • Driver with a class higher than class 16 BM cannot be an authorized driver.

WHICH VEHICLES CAN BE INSURED?

  • Passenger cars
  • Owned by individuals
  • Production 1999 to 2011.
  • For personal use
  • Not pledged in the Bank*
  • Not included in the list of mass-produced vehicles that are prohibited by the CASCO insurance calculator or not included in it:

*For mortgaged vehicles, other terms of CASCO insurance apply.

IN WHAT CASES DOES THE INSURANCE APPLY?

  • Traffic accident (crash, collision, etc)
  • Fire, explosion
  • Falling trees, columns, and other objects (also rocks that jump from under the wheels)
  • Hail, lightning, earthquake, floods, and other natural disasters
  • Harm caused by animals

Possible expansion of coverage․

  • Illegal actions of third parties
  • Abduction

HOW MUCH IS THE INSURANCE COVERAGE?

Insurance amount – the maximum amount of compensation possible in the event of an insured event is AMD 1.5 million.

WHAT TERRITORY IS COVERED BY INSURANCE?

  • Insurance includes the territories of the Republic of Armenia, the NKR, as well as the territory of Georgia, where the insurance will only be valid for 30 days.

Possible expansion of coverage․

  • The insurance period may also include 30 days on the territory of Iran and the CIS countries. This extension of coverage can be selected at the time of conclusion of the insurance contract.

HOW LONG IS THE INSURANCE VALID?

The insurance contract is concluded for a period of 1 year. The insurance premium can be paid in a lump sum or in installments.

HOW MUCH IS THE INSURANCE PREMIUM?

The insurance premium is calculated based on the amount of the insurance premium calculated under the CMTPL for this vehicle and the policyholder, as well as the engine power on the following scale.

Engine power (HP) CASCO insurance premium
<= 80 CMTPL Insurance X 2
81 – 140 CMTPL Insurance X 2
141 – 230 CMTPL Insurance X 1.8
>= 231 CMTPL Insurance X 1.8

ADDITIONAL COVERAGE

The CASCO PLUS package can also include voluntary motor liability insurance (VMPTL), as well as insurance coverage against accidents of the driver and passengers.

You can read the insurance terms and conditions and the procedure for concluding the contract at the end of this page․

AUTHORIZED DRIVERS

  • The contract can be concluded with both unlimited and specific drivers. The rate is the same in both cases.

WHICH VEHICLES CAN BE INSURED?

  • Light passenger and motor transport vehicles produced after 1990.
  • for personal or business use

Not insured

  • trucks,
  • with capacity for more than 7 people,
  • buses,
  • trolleybuses,
  • as well as vehicles of the brand Vaz2121, Gaz32, 33.

IN WHAT CASES DOES THE INSURANCE APPLY?

Reimbursed insurance claims, related to:

  • Damage or destruction of other vehicles,
  • Damage or loss of property located on other vehicles,
  • Damage or loss of movable or immovable property as a result of a collision with a vehicle in motion,
  • With the death of individuals or disability (temporary or permanent).

Will not be reimbursed․

  • Damage caused to the authorized driver, passenger of the insured vehicle, and vehicle property.

WHAT TERRITORY IS COVERED BY INSURANCE?

  • Insurance includes the territories of the Republic of Armenia and the NKR.

HOW LONG IS THE INSURANCE VALID?

The insurance contract is concluded for a period of 1 year. The contract begins 2 days after the conclusion of the contract. The insurance premium is paid at a time when the insurance contract is concluded.

HOW MUCH IS THE INSURANCE PREMIUM?*

For contracts concluded for a period of more than 180 days;

Insurance amount Insurance premium
20,000,000 31,900
15,000,000 25,900
10,000,000 20,900
5,000,000 14,900
3,000,000 9,000
1,000,000 5,000

For contracts concluded for a period of up to 180 days.

Insurance amount Insurance premium
20,000,000 19,000
15,000,000 15,900
10,000,000 12,900
5,000,000 8,900
3,000,000 4,900
1,000,000 3,000

*A contract whose insurance amount exceeds AMD 3,000,000 can only be concluded for policyholders with BM class 7 or less.

ADDITIONAL COVERAGE

Under the contract, you can also include insurance coverage for driver and passenger accidents.

You can read the insurance terms and conditions and the procedure for concluding the contract at the end of this page․

 

 

RATES, CONCLUSION AND TERMS OF INSURANCE AGREEMENT

  • Visit one of the offices or sales points of the company
  • Get online
  • Call 010 59 21 21 and invite an agent to visit a place which is convenient for you.

WHAT KIND OF DOCUMENTS ARE REQUIRED TO PURCHASE INSURANCE POLICY?

To obtain insurance policy You need to fill a motor insurance application and attach the following documents:

  • The certificate of registration of the vehicle, or a customs declaration (for imports) or the sales contract if the specified person in the certificate of registration is not the owner of the vehicle
  • Passport of the vehicle owner
  • Passports and driving licenses of authorized drivers
  • The power of attorney and the passport of the authorized person if he will sign the contract on behalf of the insured.

To obtain insurance policy please, if possible, give the experts of the Company the opportunity to execute examination of the vehicle.

WHAT IS REQUIRED FOR RENEWAL (PROLONGATION) OF INSURANCE POLICY?

If you are a client of “INGO ARMENIA”, for the renewal (prolongation) of the insurance contract must be submitted only those documents that have changed.

Motor insurance terms and conditions

Motor insurance rates

Motor insurance application form

Cases and the conditions of premature termination and settlement of the contract of insurance vehicles (only in Armenian)

Application for compensation of an insured event in the field of voluntary vehicle insurance (only in Armenian)

Application in the field of voluntary vehicle insurance with accelerated compensation procedure of the insured event (for AMD 200,000) (only in Armenian)

Application in the field of voluntary vehicle insurance with accelerated compensation procedure of the insured event (for AMD 400,000) (only in Armenian)

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