OREANDA-NEWS. January 21, 2011. Allianz Ukraine Insurance Company has developed a new vehicle insurance program called “Maximum coverage formula”. Unlike standard motor hull insurance agreements, which traditionally cover such risks as theft, fire, damage caused by a traffic accident, illegal actions of third parties, and natural disasters, the new product covers any loss done to the car, even in cases, which are difficult to foresee.

Despite the extended insurance coverage, the new product retains the benefits of the standard motor hull insurance “Formula” by Allianz Ukraine Ins.Co. For instance, in case of car glass or paint damage, the insured may be indemnified without the official document by the Traffic Police and without limitation of the indemnity amount. Drivers with driving experience of over 5 years can get an up to 20% discount for motor hull insurance policy at Allianz Ukraine Ins.Co.

“Although our standard motor hull insurance policy covers rather a wide range of risks, our customers often faced risks, which couldn’t be referred to any of the listed categories classified. For instance, the heat pipeline outbreak, which damaged over 20 vehicles in October this year. This event did not refer either to illegal actions of third parties, or natural disasters, whereby the owners of insured vehicles could not be indemnified. In an effort to fully satisfy our customers’ need of high quality insurance coverage, we have offered all-risk insurance coverage that considers any impact on the car. I believe that with the new motor hull insurance policy road-users will feel 100% protected”, - said Oleksandr Yaremenko, Head of the Transport Risk Underwriting Department of Allianz Ukraine Ins.Co.