CASCO in Russia: car protection now available through GreenGo

GreenGo continues to expand its line of insurance products for partners. Now the platform offers Russian CASCO — voluntary insurance that allows you to protect your car from financial losses in case of damage, theft, and other events specified in the contract.

Unlike OSAGO, which protects the driver's liability to other road users, CASCO is designed to protect the vehicle itself. Depending on the selected program, the policy may cover the consequences of accidents, theft, total loss of the vehicle, fire, natural disasters, falling objects, and other risks. The exact list is always determined by the terms of a specific insurance contract.

For GreenGo partners, the new product is an opportunity to offer the client more comprehensive vehicle protection and select insurance that meets their needs.

CASCO is voluntary vehicle insurance against property risks. Unlike mandatory OSAGO, the vehicle owner independently decides whether to purchase such protection and selects a suitable program.

The main task of CASCO is to compensate the owner's financial losses if an event covered by the contract occurs with the insured vehicle.

For example, a vehicle may be damaged in an accident, suffer from fire or a natural disaster, or be stolen. Depending on the program, the insurer arranges repairs or pays insurance compensation in accordance with the contract terms.

However, there is no single set of risks for all insurers. Since CASCO is voluntary insurance, the list of insured events, limitations, and coverage amounts are determined by the specific contract.

Important: before purchasing CASCO, it is necessary to carefully study the terms of the selected program — which risks are included, which events are excluded, whether a deductible is provided, and how insurance compensation is paid.

CASCO and OSAGO protect against different financial risks, so one policy is not a replacement for the other.

Parameter	OSAGO	CASCO
Type of insurance	Mandatory	Voluntary
What it protects	Driver's liability to third parties	The insured vehicle itself
Damage to own vehicle	Not covered	May be covered
Vehicle theft	Not covered	May be included in coverage
Damage due to natural phenomena	Does not cover own vehicle	May be included in coverage
Insurance terms	Governed by OSAGO legislation	Determined by the selected program and contract

If the driver becomes at fault in an accident, OSAGO compensates the injured party within established limits. The at-fault driver's own vehicle repair is not covered by their OSAGO.

CASCO, on the other hand, can provide protection for the vehicle itself, including when the accident was caused by the owner, if the corresponding event is covered by the contract.

This is why many car owners use both types of insurance simultaneously.

The set of insurance risks depends on the program of a specific insurance company. Common coverage options include:

• Accidents;
• Theft or hijacking of the vehicle;
• Total loss of the vehicle;
• Fire or explosion;
• Natural disasters;
• Falling trees, ice, snow, and other objects;
• Unlawful actions of third parties;
• Damage from stones and other objects thrown from under wheels;
• Other risks specified in the contract.

For example, Russian CASCO programs may include protection against accidents, theft, fire, explosion, natural disasters, falling objects, and a number of other events. However, the presence of each risk must be verified under the terms of the selected policy.

CASCO can be selected to suit different client needs. It is not necessary to purchase the maximum set of risks every time.

Programs can be conditionally divided as follows:

Type	What it includes	Who it may suit
Full CASCO	Wide range of risks: damage, theft, total loss, and other events	Those who want maximum vehicle protection
CASCO for basic risks	For example, only theft and total loss	Those who want to protect against major financial losses
CASCO with deductible	The client accepts part of the damage	Those who want to reduce insurance costs
Limited coverage program	Insurance for specific risks or events	Those who do not need a full set of protection

Specific program names and terms differ among insurers.

This allows selecting an option based on vehicle cost, usage features, and client budget.

When selecting a program, a client may encounter the concept of a "deductible."

A deductible is the portion of the loss specified in the contract that the client accepts in the event of an insurance claim.

For example, if the contract includes a deductible, the insurance compensation is calculated taking into account its size and application terms.

Why is it needed? Primarily — to manage the policy cost. Programs with a deductible are usually cheaper since part of the risk remains with the vehicle owner.

This option may be interesting for an experienced driver who is willing to pay for minor damages out of pocket but wants to protect the vehicle from serious financial losses.

Unlike OSAGO, the cost of CASCO is not calculated using a single market-wide tariff.

The price may be influenced by:

• Vehicle make and model;
• Year of manufacture;
• Vehicle cost;
• Driver age and qualifications;
• Selected set of risks;
• Presence and size of the deductible;
• Additional options;
• Vehicle usage conditions;
• Specific insurance company requirements.

Therefore, the cost of two CASCO policies for similar vehicles may differ.

The optimal approach is not to focus only on the lowest price, but to directly compare insurance coverage terms.

The exact list of documents depends on the insurer's requirements and the selected program.

Typically, the following are used during processing:

Document / data	Purpose
Policyholder's passport	Client identification
Vehicle registration certificate or title	Vehicle data confirmation
Driver's licenses	Information on drivers authorized to operate the vehicle
Vehicle information	Calculation of insurance cost and terms
Vehicle inspection or photos	May be required by the insurer before concluding the contract

Some Russian insurers allow remote vehicle inspection via photos or through a mobile application.

CASCO can be useful for virtually any vehicle owner, but it is especially relevant in several situations.

First of all — for new and expensive vehicles, when even relatively minor repairs may require significant expenses.

Policy is also often considered by owners of financed vehicles. Depending on the loan terms, the bank may have its own requirements for insuring the collateral vehicle.

CASCO makes sense to consider for those who:

• actively use the vehicle every day;
• travel frequently by car;
• leave the vehicle in open parking lots;
• want to protect against theft risk;
• are not willing to independently bear major expenses after a serious accident;
• want to receive additional protection beyond OSAGO.

For GreenGo partners, processing the new product is integrated into the familiar workflow on the platform.

The process is as simple as possible:

1. Log in to your GreenGo personal account.
2. Select the "CASCO RF" product.
3. Enter the necessary client and vehicle information.
4. Receive available insurance terms.
5. Select a suitable option and complete the processing.

Thus, a partner can help the client obtain additional vehicle protection without sending them to independently search for a suitable insurance product.

The appearance of CASCO expands partners' capabilities in one of the key areas of auto insurance.

OSAGO covers the client's mandatory need, while CASCO allows offering additional protection for their own vehicle.

For the partner, this means:

• expansion of the product line;
• ability to work with owners of new and expensive vehicles;
• additional product for clients who are already purchasing OSAGO;
• ability to select insurance tailored to individual needs;
• comprehensive approach to vehicle protection;
• additional reason for the client to return.

At the same time, it is important not just to offer CASCO, but to explain to the client the differences between programs. One person needs maximum protection, another only major risks, and for a third, a deductible option is more cost-effective.

The appearance of Russian CASCO on the GreenGo platform expands partners' capabilities in auto insurance and allows offering the client protection not only for their liability but also for the vehicle itself.

CASCO can help reduce financial consequences of accidents, theft, total loss, natural disasters, and other unforeseen events — depending on the selected program.

For the client, this is an opportunity to select a level of protection based on vehicle cost, usage features, and personal budget. For the partner — another in-demand product that complements OSAGO and allows offering a more comprehensive approach to auto insurance.