The rules of OSAGO: briefly about the main

OSAGO refers to compulsory insurance. All citizens of the Russian Federation who carry out the management of any vehicles on the territory of our country are obliged to acquire the policy of motor third-party liability insurance. The absence of a MTPL insurance policy entails the imposition of a fine.

Unlike CASCO, payments under these policies are made only to persons recognized as victims in an accident. Payment of compensation is made in cash and after the examination.

Legislative regulation

The main document that regulates the relationship between the insurance company and the owner of the vehicle that is its customer is the OSAGO Rules. They contain the most complete information on the conclusion, termination, as well as the extension of the insurance policy.

It is the rules of OSAGO that regulate the list of documents that an insurer may require for insurance registration. Usually this is a passport, driver's license and documents for the car. In 2013, amendments were made to the rules of insurance: OSAGO is now issued only upon presentation of the vehicle inspection certificate.

In addition, this legislation regulates the period for which the MTPL policy can be drawn up. The rules establish that the insurance contract can be entered into for a minimum of three months. At the end of this period, the policy can be extended, but no more than two times. The maximum possible duration of the validity period of the insurance contract is one year.

Making out the policy of OSAGO in the same insurance company, the driver can get a discount in the absence of accidents. Earlier, with the ease of changing the insurer, the driver could hide the facts of his participation in an accident. However, the new rules of OSAGO have established restrictions on this situation. Now there is a single database of insured persons, thanks to which insurance companies can easily check any car owner for trouble-free status.

Since January 1, all such companies are obliged to transfer data on concluded OSAGO contracts to a single system. Now, the insurance premium is calculated only after a reference to such a resource. So, insurers are obliged to provide not only discounts for accident-free driving, but also to make premiums in case of accidents, the culprit of which was the insured.

It is also useful to know that when selling a car before the expiration of the policy of OSAGO, the driver has the right to terminate the contract. In this case, the insurance company is obliged to return part of the paid insurance sum.

An interesting fact is that from the current year, when the insurance contract is repeatedly entered into with the same insurer, it is not necessary to provide the original documents.

It is important to understand that the rules of OSAGO, along with SDA, should be studied by all drivers. Knowledge of this document will help to properly behave with the insurance company in case of need for compensation.