by Motorcycle insurance is as crucial for your protection on the road as any other protective gear. OSAGO is a mandatory document throughout Ukraine, just like a driver’s license. The policy covers expenses for repairs, replacements, and medical bills for anyone injured as a result of an accident.
The insurance also compensates for the costs of repairing any property damaged as a result of an accident. Instead of paying for all of this out of your pocket, you can rely on the insurance to help you take on the necessary financial obligations.
The financial portal Finance.ua has simplified the process of obtaining a policy and created a catalog of OSAGO. Now, each driver can register online insurance for a motorcycle. The price may vary depending on the city where the vehicle is registered, license plates, the number of accidents, place of residence, availability of discounts, and deductible, additional coverage.
How OSAGO Works
Insurance can help pay for medical expenses and provide protection against injuries in the event of an accident to the affected party. The policy will also help you pay bills if you are the cause of the accident.
The amount is paid according to the terms specified in the contract. Compensation may vary depending on the type of deductible, coverage, and the amount of damage caused to the affected party.
Drivers without motorcycle insurance price which may vary depending on the company and offers, receive large fines and huge expenses in the event of an accident. It is worth noting that OSAGO online will not help in cases of license revocation.
What Civil Liability Insurance Does Not Cover
Each driver should consider all nuances when concluding a contract. It is worth responsibly approaching the registration of OSAGO, discussing additional coverage with the insurance company employees. In general, the policy does not cover:
- theft of a car, motorcycle, or other vehicle;
- theft and burglary of your property;
- repair work of the party at fault in an accident (this is handled by CASCO);
- damage that was inflicted intentionally;
- provision of hospitalization, treatment of the party at fault in an accident;
- expenses in the event of climatic conditions, natural disasters.
Finance.ua recommends checking the validity period of the document, as the policy is issued on the website https://finance.ua/insurance/osago/motorcycle for only one year, with the possibility of renewal. It is much easier to register OSAGO online, as the document will always be at hand, and unlike the paper version, it will not wear out or be lost.
