Glossary · Insurance

What is KASKO (comprehensive motor insurance)?

Also known as: voluntary insurance of a vehicle

Voluntary insurance of the vehicle itself against damage, theft and other risks specified in the contract. Compulsory third-party liability insurance of vehicle owners covers damage caused to other persons, while KASKO covers the insured car owner's own loss; the terms and rate are agreed in the contract.

Source: Britannica: Collision insurance; Britannica: Comprehensive insurance

See also

More terms: Insurance

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