What is the difference between the CTP and CASCO.

It is understood that the car is a source of danger, and as a result, there is a desire to minimize the risks, or at least to insure their property and lives. Until July 2003 the Russian citizens for this purpose there is a possibility only in the form of insurance CASCO.

Since July 2003 CTP insurance was introduced, and in 2004, it became mandatory insurance CTP, which is punishable by a lack of sufficiently large fines. To understand the difference between one type of insurance from the other, look at each of them.

What is CTP

Compulsory third party liability insurance - this type of insurance can be attributed to the economic interests of the insured insurance (vehicle owner). The meaning of this insurance is to ensure that the car owner insures its liability to third parties in the event of an accident.

If an accident occurs and the need to compensate for losses, these losses will be reimbursed by the insurance company, but only to a certain size limit. Today it is 400 000 rubles to 160,000 rubles compensation for injury to one person and 120,000 rubles compensation property damage. Anything above this amount, you will have to pay out of pocket.

It is also worth noting that under the CTP fall events that occurred only on the road. If the accident occurred on the departmental territory, for example, on the riser near the shopping center, then it is not an insurance case and all payments will have to do everything myself.

In addition, in any accidents, usually damaged both cars, and so repair your own car, you will also have to pay for themselves. Calculate the cost of insurance and CTP can be yourself, but you have to know all the factors that increase and decrease the base rate. Today, the basic fare is 1,980 rubles. It should be noted that many insurance companies offer online billing insurance.

What is CASCO

Hull, in contrast to the CTP, fear is not your responsibility to third parties, and your property. In addition, car insurance CASCO protect not only in cases of accidents, but also in a number of other troubles.

CASCO term means "all inclusive", it is when the car is insured against:

damage caused as a result of an accident;

theft;

collisions with objects (poles, trees, animals);

damage as a result of a collision with an obstacle;

wrongful acts of third parties (damage, theft, burned, etc.);

force majeure (natural disasters, fire, etc.).

That means - no matter what happened with your car, the indemnification will be presented to the insured in full. The disadvantages of this type of security can be attributed only high insurance costs, which depends on many factors and the calculation of a complex shape. But seriously approach to drawing up the contract CASCO, its cost can be reduced significantly by the inclusion in the contract only those items that you really need.

In addition, you can reduce the cost of hull insurance by agreeing to a substantial deductible (the amount that in the event of loss paid by the owner.) Also, to save car can cover half of its value, but in this case the benefits will also damage reduced by fifty percent.In conclusion, it is worth noting that without mandatory car insurance could be dispensed with, since the hull includes a much larger type of service. But since the CTP is mandatory, the best option is to