Asset Insurance

Covers total loss, total damage, or partial damage to the insured vehicle caused by covered risks under the selected clause. Insured sum may not exceed the actual value of the vehicle at policy inception. For partial damage, indemnity equals repair costs via the method chosen by the insured (official brand service center, trusted service, invoices, or expert valuation), depending on vehicle age. Total liability is capped at the insured sum and never exceeds the actual vehicle value at the time of the insured event.

Total loss is declared when: (a) the body/chassis and engine are damaged beyond use, or repair costs exceed 70% of the actual value; or (b) cumulative indemnities paid reach 80% of the insured sum. Upon total loss, the insurer pays the insured sum or its remainder, reduced by the value of salvageable parts and previously paid indemnities, but not exceeding the actual vehicle value at date of loss. The policy terminates upon payment for total loss.

Any damage other than total loss or full loss. Indemnity covers the cost of restoring the damaged vehicle per the policy conditions. Repair method depends on vehicle age: vehicles up to 3 years may use official brand service centers; 3–8 years use trusted (non-official) service centers; 8–11 years use trusted service or expert valuation; over 11 years use expert valuation. Upgrade to official service is available for vehicles 3–8 and over 11 years upon payment of additional premium. After each partial-loss indemnity, the insured sum reduces by the amount paid (unless subrogation applies).

Covers theft or robbery of the entire vehicle under Clause К and Clause П only. Indemnity equals the insured sum but not more than the actual vehicle value at date of event. Not covered: theft/robbery of individual parts, accessories, goods inside vehicle, fuel. Not covered if vehicle left unlocked, engine running, keys in ignition, or registration documents left inside. Not covered for vehicles with foreign registration outside Bulgaria. Not covered in Green Card countries outside EU/EEA/Switzerland/Serbia/North Macedonia/European part of Turkey.

Glass damage is covered under Clause Р and Clause П as part of damage caused by third-party malicious acts (vandalism, mechanical and chemical effects) and road traffic accidents. Damage to tyres/rims from road potholes without an official police document is covered only for one event per policy term. Damage to a tyre from malicious acts is covered only once per policy term if tyre has at least 70% tread life and is not older than 2 years from manufacture.

Covered under all clauses (М, Р, П). Includes: storm, hurricane, hail, flood, heavy rain, thunder and lightning, accidental falling of branches/trees/objects due to listed natural perils, action of sea waves, landslides, rockfalls, and damage from natural accumulation of snow and ice. Fire and/or explosion resulting from technical failure or accidental event while vehicle is stationary with engine off is also included in Clause М.

Covered under Clause Р and Clause П. Includes intentional mechanical and chemical damage to the insured vehicle by third parties. Tyre damage from vandalism is covered once per policy term only if the tyre has at least 70% remaining life and is not more than 2 years old from manufacture. Deliberate arson and explosion is additionally covered only under Clause П.

For events in Bulgaria: the insurer covers towing/transport of the damaged vehicle to the nearest location where repairs can be performed or to the vehicle's home base, if the vehicle cannot move under its own power and an official accident report (protocol) has been issued. Limited to 2 events per policy term, with total transport distance capped at 250 km combined for both events. Storage costs are covered up to 5% of the insured sum but not more than 500 BGN. For events abroad (after prior coordination): provisional repair needed to safely drive to Bulgaria up to 10% of insured sum; transport of vehicle to nearest repair location in Bulgaria or home base up to 10% of insured sum but not more than 1,000 BGN; storage costs up to 5% of insured sum but not more than 500 BGN. Towing not covered when vehicle can move under own power (e.g. glass, light, mirror, tyre/rim damage without immobilisation).