PrivatBank has launched two auto insurance products online in Privat24: "Mini CASCO" and "Full CASCO". The client enters car data, sees its market value, completes an inspection using a smartphone camera, and selects an offer from one of several insurance companies.
Thanks to integrated solutions, the system allows for instant online car valuation, and the required inspection is carried out independently by the driver directly through their smartphone camera. Previously, this required physically visiting an insurance company office or using separate apps to inspect the vehicle.
"We have transformed CASCO into a high-quality digital tool that minimizes bureaucratic procedures and provides every driver with maximum simplicity, predictability, and protection. Among the advantages: car valuation is carried out automatically in Privat24. The client only enters data about their vehicle and sees its market value. Second, there is no longer a need to visit an insurer or install third-party apps to issue the policy. Third, simultaneous receipt of offers from several insurance companies that are market leaders. All this can be done online in Privat24 using only a smartphone with a camera," says Dmytro Musiienko, Member of the Management Board of PrivatBank for Retail Business.
In addition, instead of a large lump sum payment, clients can split payments over 12 months without overpayments, paying for CASCO monthly.
As part of CASCO, the bank additionally offers protection against war risks. For example, if a car is damaged by missiles, drones, or their debris, the owner will receive compensation.
"War risk coverage meets our client's needs in the country's current reality. About 80% of contracts already concluded by the bank for this auto insurance product include such coverage. We are making this service even more accessible," adds Dmytro Musiienko.
The bank offers a choice of two levels of auto insurance: basic coverage (Mini CASCO) and a maximum all-inclusive package (Full CASCO).
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Mini CASCO
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Full CASCO
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Purpose
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Protection against basic risks with fixed coverage
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Comprehensive solution protecting against any accidents (including those without other vehicles involved), theft, third-party actions, natural disasters, fires, falling objects, animal attacks
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Issuance
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In Privat24, without inspection or valuation
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Unique online car market valuation in one click, digital photo inspection in Privat24
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War risk coverage
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Yes
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Vehicle age
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Up to 20 years
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Up to 14 years
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Insured amount
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100k / 150k / 250k UAH
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Calculated in Privat24
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Deductible
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2k UAH
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0–10%
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Payment schedule
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One-time / monthly
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Effective start date
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3 days after registration
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3 days after vehicle inspection
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Detailed terms of Mini and Full CASCO — in Privat24.
The insurance coverage of Full CASCO can also be extended to Europe.
Thanks to the marketplace model, the client immediately sees prices from leading insurance partners and chooses the best CASCO option for themselves, as each company offers tangible benefits for the client: payouts for minor damage and glass without police certificates, payout under the European Accident Statement, technical assistance, etc. The client can pay for the insurance in a convenient way — as a single payment or monthly.
Where to learn more and apply
You can quickly calculate the cost and issue a new CASCO policy (as well as "OSAGO" or "Green Card") in the Privat24 mobile app: menu "More — Insurance — CASCO".
Detailed terms, program options, and answers to frequently asked questions are available on the official website: https://privatbank.ua/strakhuvannia/kasko.
