Vehicle owners civil liability insurance

Vehicle owners civil liability insurance 

Object of insurance is a property interest of the Policy-holder (Insured), associated with his liability to compensate for the harm caused to life, health, and (or) property of third parties by the vehicle specified in the Insurance Agreement according to the procedure established by the Laws of the Republic of Kazakhstan, on occurrence of an event insured during the term of insurance according to the Insurance Agreement.    
Event insured shall be considered causing of harm by the vehicle to the life, health, and property of third parties and/or passengers as a result of a road traffic accident (RTA).
Insured value shall be established on agreement between the parties.
A deductible franchise in the amount of the limit of the vehicle owner’s compulsory insurance civil liability is provided for.