Motor casco insurance

Under this clause any damage to the insured motor vehicle shall be covered, if caused by the following risks:

• Fire and/or explosion, occurring while the vehicle is stopped and the engine is not working, as a result of  technical failure and/or an accidental occurrence;
• Natural disasters – storm, hurricane, hail, flood, torrential rain, thunder and/or lightning, impact on the motor vehicle by objects, driven by storm and hurricane, sea waves, landslide or landslip, natural drifts of ice or snow.

Under this clause any damage to the insured motor vehicle shall be covered, if caused by the following risks:

• All risks, stated under Clause “М”;
• Fire and/or explosion, occurring either while the motor vehicle is driven and/or while the vehicle is stopped but the engine is started and is running;
• Breakdown, resulting from collision of motor vehicles or impact by other movable or immovable objects, people or animals, roadblocks, such as a mass of ground and rocks and suchlike, deterioration of the road surface integrity, fallen trees and branches, objects falling from buildings and aircraft;
• Malicious acts of third parties, representing mechanical, chemical or other impact on the insured motor vehicle;
• Total loss or partial damage to the insured motor vehicle caused by other motor vehicle, any individual, animal or object, while the insured vehicle was in a car park area.

Under this clause the Insurer covers

• Theft of the whole vehicle;
• Robbery of the whole vehicle;
• Unlawful deprivation of the entire motor vehicle for the purpose of usage;
• Damage to stolen motor vehicle, which was found and returned to the owner;
• Burglary of factory-installed audio devices, incl. audio, video and/or navigation equipment.

Under this clause the Insurer provides cover against TOTAL LOSS or PARTIAL DAMAGE to the motor vehicle, caused by all risks specified in clauses “M”. “Tch” and “K”.

Under this clause burglary and malicious acts of third parties to additionally installed and permanently fixed audio devices, incl. audio, video and/or navigation equipment is covered against payment of an additional premium. The cover under this clause attaches only in combination with Clause “P”.

A free of charge Casco assistance abroad is provided for all motor vehicles (up to 9 seats, incl. the driver’s seat and a total weight up to 3.5 tons) with Bulgarian registration, which are insured under Casco insurance with Armeec Jsc. Casco assistance abroad is automatically included in the casco policy.

The above services are provided by Inter Partner Assistance S.A. via АХА Assistance.

The cover is valid on the territory of the member-countries of the International Green Card Agreement.

The following extensions are offered by Armeec Jsc under Motor Casco insurance to cover:

• expenses for transportation of the vehicle at a maximum distance of 250 km, if the vehicle is immobilized, from the place of accident to the nearest repair service or its place of residence;
• expenses for the stay of the damaged vehicle in a parking area for a period up to 7 days;
• all reasonable expenses incurred for salvage, reduction and/or minimization of the damage to the insured motor vehicle;
• extra  expenses made for insured events outside the territory of the Republic of Bulgaria.
• for provisional repair of the motor vehicle, which shall guarantee its safe journey back to the Republic of Bulgaria powered by its own engine. Such expenses shall not exceed 10% of the sum insured of the insured motor vehicle;
• for repatriation of the vehicle, in case it is immobilized, up to 10% of the sum insured of the insured motor vehicle, but the sum shall not exceed BGN 1000;
• for the safe custody of the motor vehicle till its transportation to Bulgaria for a maximum period of 15 days since the date of the insured event. The sum shall not exceed a sum equal to 10% of the sum insured of the motor vehicle up to a sum of BGN 500.

The insurance is valid for the territory of the member countries of the European Union, the European Economic Area and Swiss Confederation.

The insurance cover of the risks under clauses “M” and “Tch” is valid for the territory of countries, beyond those mentioned above, which are members of the international Green Card agreement.

The agreed sum insured shall not exceed the real value of the motor vehicle as at the date of signing the insurance and shall be fixed by Armeec Jsc on the basis of supplied information of the model and make of the motor vehicle, year of manufacture and other technical parameters.

The insurance premium depends on the sum insured, the type of vehicle, its age and designation etc. (link to calculator). It is calculated as a percentage of the sum insured according to the tariffs, which are effective at the time of signing the policy; the premium is payable either in cash or by bank transfer, as a single payment or up to four equal instalments depending the client’s wish. The insuredshall not pay higher premium in case of payment by instalments.

An alarm system with remote control, light and sound signalling is required for all motor cars and heavy trucks of total weight up to 3.5 tons, which are covered under Clause P – Full Casko and Clause К – Theft. The availability of immobilizer shall not invalidate the obligation for presence of an alarm system.

A compulsory inspection of the motor vehicle and taking a photo is required by Armeec Jsc at the time of signing the insurance contract.

Note! The insurance comes into force after payment of the insurance premium or the first instalment, if payment by instalments was agreed, and provided the requirements for inspection and taking a photo have been met.

For certain brands and models of motor vehicles is required additional installed protection device / GPS tracker approved by Armeec Jsc type.

Upon occurrence of an insured event covered under the terms and conditions of the casco insurance the insured is obliged to:

• Notify immediately the competent state authorities and require the issuance of respective documents, certifying the event;
• Notify the  insurer within a period of 2 hours after becoming aware of the following occurrences: theft or burglary of the motor vehicle, or explosion or fire, on the 24-hour hotline 0887 922 444(including outside working hours), which is mentioned in the policy and to give written notice in the nearest office of the insurer within 24 hours;
• Give notice in writing in the nearest office of the insurer within 7 days after becoming aware of other insured occurrences;
• Present the motor vehicle for inspection and description of damages. The inspection of damages is carried out in the office of Armeec Jsc or at an address specified by the insured if the vehicle is immobilized;
• Submit the documents required by the insurer in proof of the occurrence and to determine the amount of damages.

The insurance indemnity is fixed on the basis of the year of production of the insured motor vehicle, the amount of insurance premium and the additional terms and conditions agreed on signing the insurance, as follows:

For motor vehicles up to 4 years at the time of signing the insurance contract from the date of the first registration

• Repair in the official garage of the respective make or according to submitted original invoices from an official garage;
• Repair in authorized garage of Armeec Jsc;
• According to submitted original invoices from another garage after the explicit consent in writing of Armeec Jsc;
• According to experts’ appraisal.

For motor vehicles over 4 up to 12 years at the time of signing the insurance contract as from the date of the first registration

• Repair in authorized garage  of Armeec Jsc;
• According to submitted original invoices from another garage after the explicit written consent of Armeec Jsc;
• According to experts’ appraisal.

For motor vehicles over 12 years at the time of signing the insurance contract from the date of the first registration

• According to experts’ appraisal.