OBJECT OF INSURANCE

EUROINS insures the owners and users (legal entities and individuals) of vehicles registered in Romania or of not registered vehicles or/and equipment that are self-propelled or towed, in exchange of the insurance premiums paid by their owners, against the damages incurred due to the occurrence of the insured risks.

Insured vehicle categories:

·         A category:

A1: Passenger cars (maximum 9 seats);

A2: Sport utility vehicle;

A3: Mixed vehicles with the authorized maximum weight of no more than 3,5 t.

·         B category: vehicles for terrestrial transport:

B1: Vehicles for freight transport: Vans, trucks, tippers, tankers, tractors and other vehicles built or equipped for different special destinations.

B2: Vehicles for passengers transport: buses, coaches, minibuses and others vehicles for passengers transport with more than 9 seats.

B3: car trailers, semi car trailers, caravans, towed by the vehicles mentioned before.

·         C category: not registered vehicles and/or equipment that are self-propelled or towed:

C1: vehicles and/or equipment for constructions: excavators, backhoe, bulldozers, cranes, concrete mixers held or stationary, asphalt splitters, crushers, forklifts etc.

C2: vehicles and/or equipment for agriculture: tractors, harvesters/combines (including silos), motor mowers, motor forklifts, etc;

C3: Vehicles and/or equipment for special activities: snow plows, snow cutters, skid material spreader, brush cutters, sweeper brush, etc.;

C4: Towed equipment: plows, cutters, rollers, vibe cultivators, cutters, presses, etc.

 

INSURED RISKS

BASIC RISKS

Collisions, collisions with other vehicles or objects outside the insured car, scratches, falling of vehicles (dropping off cliffs, falling into the water while being transferred off/onto a ship, falling due to broken bridges), objects falling on the vehicle (trees, boulders), skidding, turnovers.

 

SUPPLEMENTARY RISKS

·         Flexa: fire, lightning, explosion, falling aircraft, sonic boom;

·         Natural catastrophes and disasters: earthquake, storm, natural flooding and landslides.

·         Atmospherical phenomena: hail, hurricane, the weight of the snow/ice layer, snow avalanche;

·         Theft and vandalism.

 

SUPPLEMENTARY SERVICES

Compensations up to 10% of the sum insured are given, without the payment of a supplementary premium for:

·         Expenses incurred by the transport of the damaged vehicle to the nearest repair shop that is qualified to repair the vehicle or to the usual parking space, within the territorial limits of Romania, in order to salvage or repair the vehicle if the vehicle cannot be moved by its own force, up to one transport per event and in the limits of normal transportation costs charged by specialized companies;

·         Expenses incurred by the Insured in order to replace the entire set of keys - lock hub, and as appropriate, depending on the construction model, fuel tank cap and/or ignition switch key in case of theft/loss of the vehicle’s keys;

·         Damage due to the measures taken during or immediately after the occurrence of the insured event for the salvage of the vehicle;

·         Expenses incurred to limit damage if they are necessary and useful (provided that the damage has been caused by one of the insured risks);

In the limit of 10% of the sum insured EUROINS also coveres the damage to additional equipment fitted by the Insured and reported by him in the insurance application form, included in the sum insured and for which supplementary premiums were paid, only if the additional equipment was mounted on the vehicle and the damage is the result of an insured risk.

 

TERITORIALITY

The insurance is valid within the territorial limits of the European Union*. To extend the risk outside the EU*, an addendum shall be issued with an additional premium payment.

By derrogation from the previous line, the extention of the risk can be granted free of charge only if the Insured holds motor third party liability (Green Card) valid outside EU* with EUROINS.

 

LIABILITY PERIOD

Insurance period is usually 12 months but not less than 6 months. For vehicles sold in leasing the insurance may be issued for the duration of the lease.

 

DEDUCTIBLE

The Insured shall bear a deductible as follows:

·         deductibles applied to A category of vehicles:

a. the total theft of the vehicle:

- 20% of the total sum insured for theft of a vehicle with a sum insured under 50.000 EUR;

- 25% of the total sum insured for theft of a vehicle with a insured over EUR 50.000;

b. 0.5% of the sum insured/event, but not less than EUR 100 for partial damage.

·         deductibles applied to B and C categories of vehicles:

a. 15% of the total sum insured for the total theft of the vehicle;

b. EUR 100/event for partial damage.

The insurance may be issued with deductibles different than the ones above, by the payment of an appropriate insurance premium.

 

THE SUM INSURED

Vehicles are covered by the insurance policy at their fair value on the inception date of the insurance, determined based on the invoice/catalogue value/price list from car dealers of the new vehicle corrected by the depreciation coefficients use by EUROINS.

The insured amount is determined and written in the policy in euro or lei.

Additional equipment may be insured at fair value on the inception date of the policy, but may not exceed 20% of the sum insured of the vehicle.

 

THE INSURANCE PREMIUM

Insurance premiums are paid in advance and in full or in installments (the first installment is paid before the entry into force of the policy and the following before the due dates specified in the policy). The amount and terms of payment of the insurance premiums are specified in the insurance policy.

Given that the sum insured is determined:

a) in lei, the premium/premium rates shall be determined and paid in lei;

b) in euro, the premium/premium rates shall be determined in euros and paid in euros or in lei at the National Bank’s (B.N.R.) exchange rate.

 

SPECIAL CLAUSES/ADDENDUMS

1. Clause A - accident insurance for the persons in category A type vehicles.

2. Clause B - road assistance.

3. Clause C - no claims discount given prior to the first year of insurance (for individuals).

4. Clause D - adjustment of the insurance premium in accordance with the claim ratio (for legal persons).

5. Clause E - extension of coverage to countries outside EU*.

6. Clause F - automatic return to the original sum insured.

 

SPECIAL CLAUSE REGARDING ROAD ASSISTANCE OF VEHICLES

SIGNING OF THE CONTRACT

The Special clause regarding road assistance of vehicles shall be issued strictly on a one year period. The Special clause will not be issued pro-rata temporis for ongoing policies or for policies issued with insured periods that are less than a year.

OBJECT OF INSURANCE

The Special Clause shall be issued only for vehicles with a maximum mass under 3.5 tonnes. Road assistance shall not cover vehicles that are used off public roads, various special purpose vehicles, vehicles used for taxi, driving schools, car rental, security and protection and vehicles used in activities/sporting events (races, competitions, etc.).

The Special clause may be issued in three coverage plans: Silver Plan, Gold Plan or VIP plan.

COVERAGE:

The supplier provides only for events that occurred on public roads (as defined in the clause), the following:

• road assistance services, "first aid" carried out by a mobile workshop (starting the vehicle, replacing the battery, providing fuel, providing the coolant supply, replacing the spare tire);

• towing a vehicle that is not operational due to a failure (electrical or mechanical) or fortuitous events (lack of fuel, wrong fuel supply, loss of keys, keys locked inside the car, tyre puncture) or an accident, storage and safety services for the vehicle in the provider’s parking spaces, recovery of the vehicle that is not on public roads;

• Special services (continuing the trip, hotel accommodation for the driver and passengers, repatriation of the vehicle, passengers transport, car replacement).

The coverage above is given differently depending on contracted coverage plan.

TERRITORIALITY:

The Road assistance clause is valid in Romania, Europe and in Turkey – european side except for Ukraine and Turkey – the Asian side.

ACCESSING THE ROAD ASSISTANCE SERVICES:

Accessing the road assistance services is made by contacting the road assistance provider (SC POINTER SYSTEMS SRL) at the National Dispatch number: 021 9765; the provider will send a crew on site within 3 hours, depending on the contracted coverage plan.