Special terms and conditions of the motor third party liability insurance and the casco insurance for ride-hailing drivers

Version 0.8 – 07.04.2021

The special terms and conditions of the motor third party liability (MTPL) insurance and the casco insurance for ride-hailing drivers serve as the basis for the compulsory traffic insurance (motor third party liability insurance) contract and the voluntary vehicle insurance (casco insurance) contract when the policyholder concludes an insurance contract through Cachet Insurance Broker OÜ in the Cachet web portal. The special terms and conditions take precedence over general conditions. The special terms and conditions apply to the type of insurance for which an insurance certificate has been issued.

1. ‘Insurer’ is the insurer specified on the insurance certificate. 
2. Insurance contracts are distributed by an insurance broker Cachet Insurance Broker OÜ with the registry code 14920263, address Tatari 64, Tallinn 10134, website cachet.me, email maakler@cachet.me.
3. ‘Policyholder’ is the client of the Cachet web portal.
4. ‘Cachet web portal’ is the web portal at www.cachet.me (hereinafter ‘the web portal’).
5. It is in the insurable interest of the policyholder to:
   1. conclude, amend and terminate the insurance contract digitally by paying insurance premiums via the Cachet web portal through the insurance broker;
   2. enter into an insurance contract and pay insurance premiums based on how frequently they use their vehicle for providing ride-hailing services, choosing a contract with a more favorable insurance premium;
   3. insure the vehicle as a ride-hailing taxi for the period that it is used as a ride-hailing taxi, notifying the broker, upon concluding the insurance contract, of extent to which it is used for providing ride-hailing services (number of hours or the vehicle’s mileage as a ride-hailing taxi). Use of the vehicle as a ride-hailing taxi refers to the provision of ride-hailing services via ride-hailing platforms.
   4. receive information about the insurance contract, contract conditions, insurance premiums and indemnities via the Cachet web portal by allowing the insurer and the insurance broker to transfer respective data to the Cachet web portal;
   5. choose an insurer that offers a more favorable insurance premium and a contract that best serves the insurable interests of the policyholder.
6. The policyholder expresses their will to enter into an insurance contract that serves their insurable interests, authorizing the insurance broker to conclude, amend and terminate the insurance contract and forward indemnity-related information to the policyholder via the Cachet web portal.
7. The insurance contract is a fixed-term contract and neither the insurer nor the insurance broker is obligated to extend it.
8. The policyholder undertakes to submit, upon concluding the insurance contract, correct and accurate information about the extent to which the vehicle is used for providing ride-hailing services. This information shall be fixed in the policy. The extent to which the vehicle is used for providing ride-hailing services refers to the number of hours or mileage spent providing ride-hailing services during the period of insurance or to any other data about the use of the vehicle indicated in the policy (‘ride-hailing volumes’ and ‘data about ride-hailing volumes’). 
9. The policyholder confirms and ensures that the mileage indicated in the policy is correct and does not change during the period of insurance by checking the actual mileage of the insured vehicle during the period of insurance based on the data in the web portal (‘actual ride-hailing volumes’). The policyholder collects and stores data about their actual ride-hailing volumes in the web portal.
10. The policyholder forwards data about the actual ride-hailing volumes of their vehicle to the insurer on an ongoing basis in order to verify the correctness of the insurance contract, authorizing the insurance broker to request data about the actual ride-hailing volumes from the web portal and forward it to the insurer. 
11. If the actual ride-hailing volume of the policyholder’s vehicle exceeds the ride-hailing volume indicated in the policy by more than 10% during the period of insurance (‘exceeding of the ride-hailing volume’), then the policyholder is obliged to notify the insurer of it by submitting an application for an extraordinary cancellation of the insurance contract and to conclude a new insurance contract. If the conclusion of a new insurance contract is not possible due to law (MTPL insurance), the policyholder shall enter into an insurance contract covering the actual ride-hailing volumes starting from the new insurance term.
12. If the policyholder fails to notify the insurer of exceeding the reported ride-hailing volumes and fails to enter into a new insurance contract covering the actual volumes, then the insurer has the right to terminate the insurance contract in accordance with the law and offer the policyholder a new insurance contract.