In the first article of our series, we outlined 5 key reasons to get KASKO coverage, and in the second, we explored in detail the comprehensive protection this policy provides. Today, we'll discuss an equally important advantage – the speed and reliability of insurance payouts.
Many car owners have faced situations where, after an accident or other insured event, the compensation process drags on for weeks or even months. Bureaucratic delays, disputes between parties, lengthy damage assessments – all of this consumes time and energy. In today's fast-paced lifestyle, especially in Tashkent, such delays can cause significant inconvenience.
One of the main advantages of modern KASKO is the speed of claims settlement. Leading insurance companies in Uzbekistan, including EUROASIA INSURANCE, strive to expedite this process as much as possible. For example, KASKO payouts are often processed within 3-5 business days after all necessary documents are submitted. This allows you to quickly begin vehicle repairs and return to your normal routine.
Another important aspect is the transparency of terms and minimal restrictions. Modern KASKO policies often offer:
Payouts without police reports: For minor damage (such as scratches or windshield chips), some companies process payouts without requiring reports from authorities, saving you time.
No fault-based restrictions: You'll receive compensation even if the accident was your fault or the at-fault party fled the scene.
Zero-deductible KASKO: A deductible is the portion of damage you pay yourself. A zero-deductible KASKO policy means the insurance company covers 100% of repair costs (within the coverage limit), even for minor damage. This is particularly convenient as it eliminates small expenses for minor damages.
Digitization has also affected the claims settlement process. Many insurance companies now allow you to:
File a claim online through their website or mobile app
Upload photos of damage and scanned documents
Track your case status through your personal account
This significantly simplifies and accelerates interaction with the insurance company.
"Recently, someone scratched my bumper in a parking lot and fled. I immediately reported it to the insurance company through their app and attached photos. Since the damage was minor, they didn't require a police report. Within 4 days, the repair money was in my account. Very convenient and fast!"
— Aziz, EUROASIA INSURANCE client
Fast and guaranteed payouts with minimal restrictions are compelling reasons to get KASKO coverage. This saves your time, stress, and money, allowing you to quickly resolve vehicle-related issues.
In our next article, we'll discuss additional services that make KASKO even more attractive.
Have questions about payouts? Contact EUROASIA INSURANCE specialists for detailed consultation!
In today’s business environment, corporate insurance is becoming an integral part of effective risk management. Every day, companies in Uzbekistan face various threats—from natural disasters to workplace injuries. A properly organized corporate insurance system not only protects a business’s financial interests but also ensures compliance with legal requirements.
Auto loans have become the main way of purchasing vehicles in Uzbekistan. However, the hidden costs of mandatory KASKO insurance can significantly increase the total cost of a loan. More than 15 banks across the country offer car loans with interest rates ranging from 16.99% to 31.5%, often requiring borrowers to purchase expensive KASKO policies from partner insurance companies.
How to Choose an Insurance Company in Uzbekistan: A Confidence Checklist
Purchasing a car in Uzbekistan automatically entails the obligation to obtain compulsory auto insurance. MTPL (Mandatory Third-Party Liability Insurance for Vehicle Owners) is not merely a formality but an essential financial safeguard that can save you hundreds of thousands of soms in the event of a traffic accident. According to the legislation of the Republic of Uzbekistan, every vehicle owner is required to have a valid MTPL policy, and driving without one is subject to significant fines.
