COMPULSORY MOTOR TPL INSURANCE

Compulsory motor third party liability insurance – is third party liability insurance occurred due to the fault of insured person in relevance to third party.

Compulsory motor third party liability is the third party liability insurance of motor vehicle owner against risks to harm life, health or the property of the third parties (aggrieved persons) within the Azerbaijan Republic. 

Insurance agreement for compulsory motor third party liability – coverage, prices.

According to compulsory motor third party liability insurance policy, maximum insurance compensation (coverage) is 1,000 AZN in case of damaging third party’s property and 5,000 AZN in case of harm to third party’s life or health.

If damage figure is higher than the limit of defined coverage (insurance compensation) the rest of compensation is paid by delinquent or under additional insurance program within liability signed.

Cost for compulsory motor third party liability insurance policy 
Cost for compulsory motor third party liability insurance policy depends on type of motor vehicle.

Insurance term of compulsory motor third party liability insurance policy 
Insurance agreement for compulsory motor third party liability is concluded for the period of 12 months.

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