For the purposes of protection of property interests of automotive dealers, the insurance company offers its insurance services covering risks outlined below.

Insurance programs:

• insurance of cars covering destruction and damage during transportation by land transportation means;
• insurance of cars covering destruction and damage caused while moving cars under own power to other locations;
• insurance of cars during test-drive sessions;
• automotive dealer’s property insurance;
• insurance of cars exhibited for sales outdoors;
• liability insurance;
• insurance of employees.

Insurance of cars covering destruction and damage during transportation by land transportation means

Insurance can be conducted under one of the following insurance terms you can choose from:

1) “liability for all risks, including rescue costs” – this term covers destruction, damage or loss of insured cargo (all cargo or part thereof), regardless of cause of such destruction, damage or loss; it also covers reasonable and proper cargo rescue costs, as well as cost of activities aimed at minimizing and assessing damage;

2) “liability for all risks, except for rescue costs” – this term covers losses due to destruction, damage or loss of the insured cargo (all cargo or part thereof), regardless of the cause of such destruction, damage or loss.Reasonable and proper cargo rescue costs are not covered;

3) "liability for damage" – this term includes protection under insurance contract and covers destruction, damage or loss of cargo (all cargo or part thereof), due to:

• fire or explosion;
• overturn or derailment of land vehicle;
• collision of two or more land vehicles, or collision with other moving or stationary objects;
• thunderbolt, earthquake, volcanic eruption;
• breakage of bridges, destruction of warehouse facilities;
• complete loss of vehicle;
• loading of fuel to a vehicle, provided all safety requirements were met;

All reasonable and proper cargo rescue costs, as well as costs needed to minimize loss and assess damage, if such provisions are contained in the Insurance Contract.

4) “no liability for damage, except for cases of complete destruction or loss” – this term covers complete destruction or loss of cargo (all cargo or part thereof), plus its damage in case of vehicle crash only (i.e. complete destruction of the vehicle), as a result of:

• fire or explosion;
• overturn or derailment of land vehicle;
• collision of two or more land vehicles, or collision with other moving or stationary objects;
• thunderbolt, earthquake, volcanic eruption;
• breakage of bridges, destruction of warehouse facilities;

All reasonable and proper cargo rescue costs, as well as costs needed to minimize loss and assess damage, if such provisions are contained in the Insurance Contract.

For cargo insurance policies, all insurance rates are set for one transportation session, are subject to insurance terms and vehicle type, and are estimated as follows:

Base rates in per cent to amount at risk

Depending on various risk types and transportation distance, correction factors may be applied to the base rates, such factors being within range of 0.1 to 8.0%.

Insurance of cars covering destruction and damage caused while moving cars under own power to other locations

Ukrainian Insurance House also offers car insurance services, covering accidents occurring while moving cars under own power to other locations.

Insurance risks are as follows:

damage (destruction) to the vehicle as a result of traffic accident, and other damages to insured vehicle which occurred during movement of the insured vehicle or movement of other vehicle;

damage (destruction) to the vehicle as a result of Act of God, falling trees or other objects, attack by animals, fire or explosion in such vehicle caused by internal reasons, and other accidental events and natural reasons; covert or overt vehicle theft (as a result of robbery or burglary).

Insurance rate will vary depending on the value (brand) of the car, engine volume, age and driver’s experience of the person driving the vehicle, insurance term, and transportation distance. Considering the conditions outlined above, the insurance rate will be set at 0.5-2%.

Car insurance for test drive sessions

Automotive dealers can acquire car insurance to cover traffic accidents during test drive sessions. In this case, insurance payment is 0.2% of the car value. Insurance rate may be adjusted according to car prices and other substantial factors affecting the risk level.

Automotive dealer’s property insurance

Insurance objects:

• cars exhibited outdoors for sale;
• office rooms; showrooms;
• interior setting, furniture, office equipment, built-in equipment, shop windows; buildings, equipment, technical property of a car service station.

The insurance company offers insurance services for the property described above, covering the following risks:

• fire, explosion, thunderbolt; Acts of God (tornados, hurricanes, storms, typhoons; avalanches, landslides, landslips, torrents;
• floods, showers, hail;
• subsidence, ground water floods;
• falling trees, rocks; earthquakes);
• explosions of steam boilers, gas-holders, machines and machinery units, other similar objects;
• damage to property by water as a result of accidents in water facilities, sewage and heating systems, as well as fire control systems;
• burglary, robbery;
• crashed aircraft or aircraft debris falling on property.

Maximum payout liability of the insurer is limited by the value of the insured property.

Under 1 year insurance contracts, insurance rate is 0.25-0.9% of the insured property.

Insurance rates may be adjusted according to various factors substantially affecting the risk level for insurance of the following property types:quality of fire control and guarding, operation life and type of building that contains property, material peculiarities of the insurance objects.

Insurance of cars exhibited outdoors for the purpose of sale

The insurance company provides this service only if certain requirements concerning vehicle outdoor storage conditions are met.

Sum insured (insurance company liability level) directly depends on the value and number of the cars being exhibited outdoors.

Insurance rates are estimated as 0.6-0.8% of the cars’ value; rates may change depending on vehicle storage conditions.

Additionally, there is an option to get insurance covering losses arising from forced idle periods or operational interruption of business activity arising from damage inflicted to insured property. Average insurance rates for such risks are estimated to exceed the property insurance rates by a factor of 1.5.

Warranty Insurance

The insurance company offers warranty insurance services to cover customer warranty liability risks. Our company makes sure that cars purchased at your dealership location will be authorized for technical service at various service stations under your warranty agreement.