Motor third party liability insurance (MTPL)

Every person who owns a vehicle and likes to travel by it knows what an OSAGO policy is and why it is needed. An OSAGO policy for a car is almost the same as a passport for a person. This is a mandatory document for the ability to drive a car; without it, getting behind the wheel and driving a vehicle is prohibited. In other words, auto insurance, as OSAGO is also called, is insurance. If an accident occurs due to the fault of the policyholder, the insurance company that entered into the contract will pay all losses to the victims.Every driver should understand that there are situations that do not depend on his will: a child can suddenly run out onto the road, the brakes will fail, someone will lose control. There are many such cases, so the most correct and reliable way to protect yourself is motor third party liability insurance.By purchasing motor third party liability insurance, in the event of an accident due to the fault of the policyholder, you insure your liability to third parties. By concluding an additional insurance contract, you insure your own vehicle against risks.

 Why do you need an MTPL policy?

Every person who buys a car or other vehicle is required by law to take out motor third party liability insurance. This type of insurance covers all money spent on compensation for damages to third parties in the event of an accident. If such insurance is absent, the driver will be fined. He can be fined if he is stopped for violating traffic rules or after an accident.The minimum period for which an MTPL policy is issued is 6 months.Important! This insurance does not compensate for the damage you have caused to your car and health in the event of an accident. If you want to protect yourself, your health and your car, it is better to take out CASCO insurance, which covers all of the above. You can find out information about this type of insurance on our website or by contacting our team of specialists, who will be happy to advise and help you choose the insurance option that suits you.

Cost of the policy

The amount of motor insurance may vary, it depends on many parameters, for example:

• driver’s experience;
• make, price and condition of the car;
• the region in which the transport is used;
• other parameters.

Our company’s specialists can help you calculate the cost of your motor third party liability insurance policy and help you with the paperwork. To do this, you just need to call us. After that, you will need a package of documents and an application. It’s very simple!