Under the insurance agreement there can be insured:
The insurance event is loss or damage of parts (body, parts, components, equipment) of motor vehicle resulted from occurrence of one of the risks within insurance period and insurance territory.
The damage is compensated in the following order:
Payment of insurance indemnity by the Insurer is made within 15 (fifteen) calendar days from the date of documents submission.
The insurance indemnity is paid by transferring money to account in the amount of damage determined by the appraisal organization without deducting depreciation, within insurance amount taking into account the type and amount of the deductible.
If the Insured has received damage compensation from the third parties, the Insurer shall pay only the difference between the amount payable under insurance terms and the amount received from third parties.