OREANDA-NEWS. August 6, 2012. Ingosstrakh Insurance Company announces re-start of the option within the framework of hull coverage products, “Payment without amortization,” which allows the customer to receive insurance indemnity in case of stealing, theft or full destruction of a vehicle without consideration of its tear and wear during the term of the voluntary insurance agreement.

Under standard calculations of sums of indemnity in accordance with hull insurance conditions, the ratio of amortization tear and wear amounts to 20 % for the first year of vehicle operation and 10 % for the second and following ones. For example, having insured a new vehicle that costs 1 m rubles under hull insurance, in a year the customer can receive 800 thousand rubles in case of vehicle’s stealing or full destruction. Within the framework of the option “Payment without amortization,” the annual amortization of the vehicle for the purposes of payment sum calculation amounts to 0 %. Practically it means that if insurance is provided with this option, the sum of indemnity in the same conditions will reach 1 m rubles, i.e. vehicle’s amortization will not influence the amount of insurance indemnity.

The program is provided in Moscow and Moscow Region, and also in 83 branches of Ingosstrakh Insurance Company all over Russia. It is possible to include the option at the time of concluding a vehicle voluntary insurance agreement for “stealing” and “damage” risks.

You can get more detailed information about the cost of option for a particular car and conditions of hull insurance at the offices of Ingosstrakh Insurance Company, points of policies sale, or by contacting the insurer’s call center by phone or via Skype.