The mandatory Liability Insurance (OSAGO)

On February 7, 2016, the law On compulsory insurance of civil liability of vehicle owners (OSAGO) came into force. What is OSAGO?

What is OMTPLI? (OSAGO Russian version)

OSAGO is a Compulsory Insurance of Civil and Legal Liability of Vehicle Owners, under which you can insure your liability on the road to the third parties.

By purchasing a OMTPL insurance policy (OSAGO), will protect you against lawsuits if you are liable for the road accident. In this situation, your insurance carrier will pay for the property damages, bodily injured caused by your actions to the third party. In the case of the directly opposite situation, when you are a victim, in case of an insurance event the insurance company of the third party will cover damages and bodily injures caused by the at-fault party.

Why the OMTPLI (OSAGO)is being implemented?

It is being long since a personal automobile ceased to be luxury. Quantity of automobiles in Kyrgyzstan increased for almost 1000% for the past 20 years. Along with automobiles quantity growth the number of the road accidents has been increased, many drivers systematically breach the rules of the road. It is very often happening, when small road accidents can grow into the large conflicts.

The Government of the Kyrgyz Republic made a decision to save its citizens from conflicts during a road and transport accident, to move to a civilized settlement of disputes and to guarantee minimal material compensation for victims in an accident.

One of the main objectives of the law is the protection of the interests of persons injured in road accidents and their rights to compensation for the damage caused during the operation of vehicles.

Advantages of OMTPLI for everyone

Permanent perpetrators have an economic interest in accurate driving, and in improving road safety, because the more often a driver becomes the culprit of an accident, the more he will have to pay for the OMTPLI policy.

What is the maximum amount to be paid in case of an accident if there is an OMTPLI policy?

The maximum limit of insurance liability of the insurance company in case of an insured event will be established by the Government of the Kyrgyz Republic. In the event of an insured event, the actual payment will be made based on actual damage, but within the liability limit of the insurance company.

How much will the OMTPLI policy cost?

Insurance rates are computed by the Government of the Kyrgyz Republic.

Questions and answers on OMTPLI insurance from the clients:

• Will my car be restored if I caused at-fault Road accident?

No. OMTPLI (OSAGO in Russian) protects your liability to third parties, but not your car. If the culprit is you - the insurance company will help to restore the damage to the third parties, but not you. You will repair your car at your own expense. This is the law of OSAGO. But we can offer you voluntary insurance of your motor transport, regardless, whether you are guilty or not - CASCO.

• Why is it so expensive / cheep / exactly this amount?

Insurance premium is determined based on the rates ratified by the Government of the Kyrgyz Republic and amount of the liability limit.

• What can happen if I don’t buy the OMTPLI policy?

The existence of the OMTPLI (OSAGO) insurance policy for car owners in Kyrgyzstan is mandatory effective February 7, 2016, and its (original) must be kept with a package of documents for the vehicle (technical passport, driver\'s license, power of attorney, tax coupon).

• Why the insurance amount is limited?

Maximal limit and sublimits of insurance liability are established by the Government of the Kyrgyz Republic.

• What if the insurance amount limit is insufficient to cover the loss?

If you are injured in an accident, and the insured amount of the culprit is not enough to compensate damage to your motor transport, the rest of the amount should be paid to the culprit of the accident. In such cases, you can help CASCO insurance policy. Having this policy on hand, you will be able to cover the costs associated with the repair of your vehicles.

If you are the culprit of an accident and the insured amount under your MTPL policy is not enough to compensate for damage - the balance will have to be paid out of your funds. For such cases, there is a policy of DSAGO (Voluntary Insurance of Motor Civil Liability). It will allow you to set the limit of the insurance amount at your own discretion.

Why Alma Insurance:

• Our rates are flexible;
• We are customer oriented;
• Convenient location in the city;
• Customer service is on the high professional level;
• We love and protect our customers;

*Please note, that computations of OMTPLI calculator are approximate, since tariffs are not yet ratified by the Government of the Kyrgyz Republic.

OMTPLI