Azerbaijani Insurance Company Minimizes Exclusion on KASKO

Business Materials 27 August 2008 18:18 (UTC +04:00)

Azerbaijan, Baku, 27 August / Trend corr. U.Ismayilova / MBASK, one of the hugest Azerbaijani companies, reduced number of exclusions from insurance covering on car insurance to a minimum level, the company said on 27 August. 

The company introduced a new version of rules, which considerably extended covering on its own standards of voluntary car insurance, which considerably reduced exclusions from car insurance policy.

Particularly, an item on "drive on prohibitive signal of traffic lights or gesture of traffic-controller" was annulled from exclusion list on autokasko insurance agreement.

Abolishment concerned a formula on driver's violation of traffic rules, including driving with the speed of 100km per hour in residential region and more than 120km per hour beyond the residential region on roads with limitations. The item on 'drive on road of opposing movement at places, where drive is banned' was excluded. Moreover, the new version of rules abolished a section of "non-observance of requirements of traffic rules on No drive and No movement."

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