Car insurance covers the legal liability of the insured for the payment of compensation to third parties for bodily injury, death and property damage to third parties. In the market there are various insurance packages from many insurance companies, which cover a wide range of additional risks, including the possibility to cover loss or even damage to the insured’s vehicle. It is mainly offered in three different packages.
Types of Insurance
1. Third Party Liability Insurance
This policy meets the minimum legal requirements in respect to the insured’s or authorized drivers’ legal liability for death or bodily injury caused to third parties and damage to property resulting from the use of the motor vehicle, the minimum limits of liability set by the Law are:
- For bodily injury or death: €33.540.000 per event
For property damage: €1.120.000 per event
Medical emergency expenses €35 per event