Compulsory Traffic Insurance
It is a type of vehicle insurance that compensates third parties in case of bodily injury, death or material damage caused by vehicles travelling on the road within the borders of the TRNC.
It covers the other party's expenses in cases where you are at fault at the time of the accident.
WHAT DOES NOT COVER?
- Damages caused by the vehicle not being on the official road at the time of the accident.
- Damages you have caused under the influence of alcohol and drugs.
- Damages caused by drivers who do not have a valid driving license.
- Compensation claims from passengers in the vehicle that caused the accident.
- All kinds of moral compensation.
- Damages that may occur while loading and unloading cargo.
- Damages that may occur due to the weight of the load.
- Damages caused by stolen or hijacked vehicles that are not the responsibility of the vehicle owner.
- Damages that may occur to the insured's vehicle.
- Damages arising from the use of private vehicles as commercial vehicles.
- Damages caused by loads and trailers not specified in the policy.
- Losses exceeding the coverage limits specified in the policy.
Why Should I Get It Done?
Compulsory Traffic Insurance is an insurance product that is mandatory for all motor vehicle owners and covers you against any material or bodily harm that may be caused to other vehicles or third parties in the event of an accident where you are at fault.
How long is the Compulsory Insurance Policy valid?
Valid for 1 year.
