There's a lot of hearsay around casco – partly from bad experiences, partly from misunderstandings. And myths carry a real cost: some steer people into bad decisions, others keep people from claims they're entitled to. Here are the six most common – and what's true instead.
- The myths pull in two directions: some expect too much from casco, others dismiss it without cause.
- The most common source: signing up without knowing the terms – plus a badly set deductible or an unreported modification.
- The remedy is always the same: comparing by content, and an honest needs assessment.
“Full casco pays for everything.”
No: casco pays for defined events, subject to exclusions and conditions. Wear and tear, lack of maintenance, drink-driving, racing – these are typically left out: what it covers and what not. The word "full" refers to the scope of cover, not the absence of conditions.
“The insurer won't pay anyway.”
The vast majority of casco claims are settled without issue – bad stories are loud simply because no one tells a story about a smooth claim. Behind refusals there's typically a specific, knowable-in-advance reason: an exclusion, a key condition, a delay, an unreported change – common refusal reasons, honestly explained. Most of these are preventable when you sign up.
“I've got MTPL, that's enough.”
MTPL covers damage caused to others – it never pays out for your own car. Hail, theft, an unknown culprit, an at-fault fender-bender: MTPL has no role in any of these – casco vs MTPL. Having MTPL, then, isn't an argument against casco – at most it's a question of budget.
“You can't or shouldn't get casco on an old car.”
You can – the question isn't whether it's possible, but whether it's proportionate: who should get casco and who shouldn't. For an older car, partial casco is often a better answer than ruling it out entirely. And the reverse is true too: sensible cover can be arranged on a used car as well.
“The deductible is just a trick to avoid paying.” · “Cheap policies do the same thing.”
The deductible isn't a trick, it's a trade-off: it swaps out the admin of small claims for a lower premium – and you choose the level: how to choose a deductible. "Cheap does the same thing" is the costliest myth of all: a strikingly low premium is typically backed by a higher deductible, stricter depreciation, or narrower cover – the hidden price of cheap casco.
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