Insurance company ARX (Kiev) has introduced a new hull insurance program “Iron Dome”, covering damage or total loss of cars from missiles, drones and ammunition, debris of buildings, according to the press release of the insurer.
Under this program, cars up to 15 years old, costing up to UAH 5 million, are subject to insurance. Such risks as damage or total loss of the vehicle due to direct or indirect impact of any types of missiles and UAVs on the conditionally safe territory of Ukraine (according to the list of the Ministry of Reintegration in force on the date of the event), or damage from debris in case of hitting buildings are covered.
The deductible is 10% of the sum insured. The insurance terms are three and six months, as well as one year.
The insurance tariff depends on the insurance term: 3 months – 1%, 6 months – 1.5%, 1 year – 2%
At the same time, the program is a completely stand-alone product, which can be purchased without the main hull insurance in ARX or another insurance company. Review of the car (with photography and video fixation) can be done without visiting the office – online, through the mobile application MyARX.
ARX daily pays out to customers a total of about UAH 4.7 million on insured events.
According to the National Bank of Ukraine, for six months of 2023 the company occupies the first positions in the Ukrainian market on all key indicators.
IC “ARX” has been working in the insurance market for 26 years. According to the company’s data, it is the leader of CASCO insurance for the 13th consecutive year. It took the first place among insurers of Ukraine on the size of net insurance premiums and net insurance indemnities for 2021. It is a part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
