The “Green Card” is an international insurance document, an analogue of our Ukrainian driver’s liability insurance policy OSAGO. The International Motor Insurance Certificate is valid in 48 countries and is mandatory for traveling abroad in your personal car. Let’s look in more detail at what this insurance provides and how it can be purchased.
What is a Green Card and what are its features?
This insurance got its name because of the color of the form, which is the same for all states included in this system. Such a policy guarantees compensation for damage caused to the health and property of third parties during an accident caused by the owner of the contract. Just like compulsory motor liability insurance, a Green Card for a car will not compensate for damage caused to the policyholder’s personal car, the cargo that was transported in it, as well as harm caused to the life and health of the person responsible for the accident.
When purchasing such insurance, you must take into account that in other countries insurance limits will differ from Ukrainian ones. And if you exceed them, you will have to pay the difference out of your own pocket. And if people are seriously injured during an accident, the person responsible for the incident faces trial and criminal prosecution.
How much does a Green Card cost?
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) sets a fixed price for this insurance policy. Therefore, the cost of a Green Card in different insurance companies will not differ much. The formation of cost is influenced by the following factors:
type of vehicle. It is clear that the price of a truck and motorcycle policy will be different;
validity. The longer the contract is drawn up for, the cheaper it is. If, for example, it is expected that there will be several trips over a certain period, then it is better to purchase a policy for a year;
the country to which you are planning to travel. Travel insurance for Eastern European countries will cost a little less;
official exchange rate. Even within one month, the price of insurance can vary greatly.
Be that as it may, purchasing a “Green Card” will cost several times less than the amount that will have to be paid in the event of an accident in the form of compensation. The standard of living in European countries is high and therefore the maximum limit of compensation can reach 1 million euros per victim for property damage and up to 5 million euros for compensation for damage caused to life and health. Not all Ukrainian drivers are able to pay such amounts on their own.
How to buy car insurance for traveling abroad
Progress does not stop, and now such a policy can be purchased even from home. To do this, you need to go to the website of the selected insurance company and enter data about yourself and your car into the online calculator. He will help you pre-calculate the cost of an insurance contract for your car.
If the price suits you, you need to enter information about your car (type, engine size, place of registration, etc.) in special fields. In total, the registration procedure takes no more than 10-15 minutes. The completed form must be sent to the insurance company. Then pay and confirm your actions using a one-time identifier via SMS or through the “Diya. Signature.” After this, the contract will be sent by email.
Each policy has its own number and QR code. The latter allows you to immediately check all policy data in the MTIBU database. If you want to take out a policy for your car, you should remember that it can only be issued for cars that are registered in our country.
It is better to buy a Green Card in advance, before your trip, from a reliable insurance company. At the same time, carefully evaluate the capabilities of the insurer, so as not to worry about the validity of the purchased policy. One of such organizations is SK VUSO. The company constantly improves its service and always meets its customers. That is why she has 91% positive reviews about her work. You can trust VUSO Insurance Company to insure your car for traveling abroad.