Presentation
Legal: Law on motor third party liability insurance no. 414-XVI from 22.12.2006, in force since 09.09.2007
Insured risks
Losses caused to third parties due to road accidents occurred in Moldova, for which the insured person is liable to compensate according to the Law, including:
death and bodily injuries; material damage (caused to motor vehicles, buildings, animals, road constructions etc.)
Sum insured
The limits of insurance indemnities are provisioned in the Law on MTPL:
a) MDL500000,- for material damage, regardless of the number of involved persons in accident
b)MDL350000, - for bodily injuries and death for each person involved, but not more than MDL700000,-, regardless of the number of persons involved
Insurance premium rates
The insurance premium rates are calculated by the Insurer on the date of policy issue and depends on:
type of the vehicle, cylinder volume, age and experience of the driver, residency, number of persons to drive, period of insurance, accident history of the applicant.
Insurance period One year.
Short period is allowed for foreign registered cars, temporary registered vehicles, seasonal involved machines.
AdvantagesThe following indemnities are paid based on this insurance:
- in case of death and bodily injuries for persons situated inside and outside of vehicle causing damage, except the driver: - compensation for medical treatment, funeral expenses and other payments according to legislation
- in case of partial damage: compensation of reparation costs, replacement of damaged parts;
- in case of total loss: the real value of the damaged vehicle
Persons to be insured: Citizens of R.Moldova and foreign visitors without valid MTPL policies
