Motor Own Damage Insurance

Motor Own Damage Insurance covers the damages that may occur due to burning, theft, attempt to theft, or accident of the vehicle. It covers the owner of the vehicle when the damage occurs. It is an optional insurance type.

The main securities of the Motor Own Damage Insurance include hitting, being hit, fire, and theft. While additional securities vary depending on the insurance companies, however, the most provided securities include personal accident, earthquake, flood, terrorist actions, voluntary liability, wearing, and income loss, damages caused by a reason other than fire, no-claim, glass, and personal possessions.

Limited Motor Own Damage Insurance, Motor Own Damage Insurance, Extended Motor Own Damage Insurance, Full Motor Own Damage Insurance

Limited Motor Own Damage Insurance: It covers only a part of the main securities.
Motor Own Damage Insurance: It covers all the main security groups.
Extended Motor Own Damage Insurance: It covers all the main security groups and, also, risks that can be covered with an additional contract.
Full Motor Own Damage Insurance: It provides all the main security groups and all risks that can be covered with an additional contract.
Insurance companies write the name of the related product in the policy title with a 16 point size according to the content of the coverage.

There have been some changes in claim settlement. The method of claim settlement will be clearly stated on the policy. In case of repair, it will be stated where the vehicle will be repaired, and in the case of claim settlement, it will be stated whether the original part or equivalent will be used. 

Whether the repair will be carried out in a service that will be determined by the insurance company or insured, and whether the original part or equivalent will be used will be stated in the policy. 

Also, there has been some change in the payment of the indemnity, it has been decreed that the indemnity amount will be determined and paid to the insured provided that there is not an obstacle for payment and necessary investigations are carried out within the scope of General and Special Condition within 10 days as of the date the documents required by the insurance company are submitted in full, and, if it is required to determine the damage with an expert report, upon the submission of the expert report, in any case, indemnity payment will be due 45 days after the notification of the damage.

Full Motor Own Damage Insurance is a broad Motor Own Damage Insurance. Broaden Motor Own Damage Insurance covers main risks such as hitting, burning, theft, and attempt to theft. You can get additional securities. Additional securities insure damages that may be occurred under different circumstances to your vehicle. Additional securities cover the damages caused by natural disasters, social movements, and terrorist actions.

Exemption in Motor Own Damage Insurance means that a specified part of the damage is covered by the insured. In other words, the damage will be covered by the insured up to a specified amount, and the remaining will be covered by the insurer.

It is determined according to the Motor Own Damage Insurance value lists issued bythe Insurance Association of Turkey. In addition, audio, communication, and video devices and devices which are installed to the vehicle afterward such as radio, phone, A/C are covered by accessory insurance. The insurance amount should be stated for these devices.

No, an online Motor Own Damage Insurance Policy cannot be issued for less than 1 year.

Motor Own Damage Insurance policy is valid in foreign countries provided that it has abroad security.

It is possible to get an offer from different insurance companies, however, only one policy is approved.

Yes, it can be included in the coverage. The commodity which is carried with the insured vehicles suitable for load transportation and which belongs to the owner of the vehicle is covered by the policy according to the value stated in the policy in the event that it is damaged due to risks covered by the full motor own damage insurance policy.

The exemption is applied in rates stated in the policy for earthquake damages.

For flood damage, a 2% discount exemption is applied in the rates stated in this policy; this exemption can be removed upon the request of the insured.

Expenses of copying of the key, recoding of the alarm and immobilizer, replacement of complete lock contact set will be covered up to the limits stated in the policy so as to provide security of the vehicle in the case that the keys are lost.

The policy covers the loss and damages that may be occurred as a result of theft or theft attempt of the vehicle by killing, injuring the insured or the driver, or by force and loss and damages that may be occurred theft or theft attempt of the vehicle by breaking, drilling, destroying, falling, forcing, using tools and climbing with body power to and an indoor area where the vehicle is kept locked.

If the liability of the operator according to the Highways Traffic Code and General Conditions exceeds the traffic insurance limits, it is possible to get additional security within the limits specified in the package policy for the remaining part.

It covers the driver and passengers in the vehicle against death and permanent injury. In the event of death, an indemnity within the limits stated in the policy is paid to their legal heirs, and in case of injury to them.

If the owner of the vehicle changes during the policy term, the policy automatically expires.

Yes, it is possible to continue it however the policy should be maintained without interruption to benefit from the no-claim discount. In other words, when the vehicle is sold the new vehicle should be included in the policy. 

No-claim discount between the companies in Motor Own Damage Insurance policies can be maintained according to the reference information to be obtained from Traffic Insurance Information Center Institution.

If it is officially documented that you are not faulty. Your no-claim discount is not affected as your insurance company will compensate for the damage amount from the insurance of the other party. 

No-claim discount between the companies in Motor Own Damage Insurance policies can be maintained according to the reference information to be obtained from Traffic Insurance Information Center Institution.

In Motor Own Damage Insurance policies, the no-claim discount is maintained after the Traffic Insurance Information Center Institution records are checked by the insurance companies if the insurance company is changed. In addition, no-claim discount can be maintained if the vehicle is changed.

In a year with no claim, you get 30% for the renewal at the end of the first 12 months; 40% for the renewal at the end of the second 12-month period; 50% for the renewal at the end of the third 12-month period and 60% for the renewal at the end of the fourth 12-month period.

• The insurer should be notified within 5 days as of the date of the claim.
• It is required to take necessary relief and protection measures.  
•Upon the insurer’s request, it is necessary to share all information and documents in relation to the event and loss which may be useful in using the recourse right with the insurer.
•It is necessary to submit a notification stating the estimated amount of the claim to the insurer.
•In the event that in insured faces a claim through remedies or any other procedure or a criminal proceeding is started against the insured, the insurer should be notified about the situation and all notifications, invitations and similar documents concerning the claim and criminal proceeding should be submitted to the insurer.
•If there are other insurance contracts in relation to the subject of the insurance, these contracts should be reported to the insurer. The policy fee should have been collected on the date of the claim.

The information on the new car can be added to the Motor Own Damage Insurance policy of the current vehicle with an additional contract. If there is a premium difference between two vehicles, this amount is collected from the insured. The no-claim discount in the former policy can be added to the new Motor Own Damage Insurance policy with the same discount rate by stating previous policy information, Traffic Insurance Information Center Institution document no, and obtaining the sales agreement/license proving the vehicle stated in the discount document is sold.

If the owner of the vehicle changes during the policy term, the policy automatically expires.

It is possible to get an offer from different insurance companies, however, only one policy is approved.

Yes, it can be included in the coverage. The commodity which is carried with the insured vehicles suitable for load transportation and which belongs to the owner of the vehicle is covered by the policy according to the value stated in the policy in the event that it is damaged due to risks covered by the full Motor Own Damage Insurance policy.

The insured can find out the result and processes of the claim files with the claim number stated on the policy by calling Customer Relations or Oyak Grup Sigorta Customer Relations.

In Motor Own Damage Insurance, in case of the death of the insured, all rights and interest and debts are transferred to the lawful heirs of the insured. The determination of heirship should be submitted for the transfer.

Securities provided according to Land Vehicles Motor Own Damage Insurance General Conditions: 
• Collision of the vehicle with the motor and motorless vehicles which can be driven on the highway or railway
• Accidents where the vehicle in stop position or traveling is hit by a stable or moving object or the vehicle hits such object or the objects falls or rolls on the vehicle, which is not under the control of the vehicle.
• Damages caused by the malicious or teasing actions of third parties and damages caused by the individuals who do not have the capacity to act
•Burning of the vehicle 
• Theft or theft attempt of the vehicle or parts of the vehicle

All rights provided in the insurance contract drop after two years due to prescription.

If the vehicle is involved in an accident, the premium is affected; insurance companies may apply no-claim discount or premium increase depending on policy coverage and limits.

Original accessories of the vehicle are covered by the Motor Own Damage Insurance policy; however, accessories that are mounted to the vehicle afterward are not covered by the policy unless they are stated by the insured. 

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