COMPULSORY MOTOR THIRD PARTY LIABILITY INSURANCE
Since 1 January 2011, all vehicle owners should have compulsory third-party liability insurance policy (CMTPL policy).
All that third parties may demand from you as a compensation for the damages caused by your vehicle can be insured in INGO ARMENIA.
– WHAT MUST BE COMPULSORY INSURED?
CMTPL insurance policy is obligatory for all wheeled vehicles, including:
– WHO CAN SIGN CMTPL POLICY?
The following persons have the obligation to sign insurance policy:
The above-mentioned persons have the right to entrust third parties to sign CMTPL policy on their behalf.
– FOR WHAT PERIOD CAN CMTPL INSURANCE POLICY BE ISSUED?
The CMTPL policy can be signed for a period of not less than 3 months, except for the Customs Code of the Republic of Armenia about the customs regime of "transit" and "temporary import" also vehicles imported by driving with the purpose of selling on the territory of the Republic of Armenia by the legal entities and individuals engaged in trade of vehicles for which the insurance policy is signed for a period of not less than 10 days.
– WHICH DAMAGES ARE SUBJECT TO COMPENSATION?
CMTPL policies compensate the third parties the following damages, which have occurring as a result of usage of your own vehicle:
– HOW MUCH IS THE SUM OF COMPENSATION?
The CMTPL insurance policy defines the following limits of compensation for each insurance accident:
– HOW MUCH IS THE INSURANCE PREMIUM?
The insurance premium depends on the following factors:
Policy premium you can count with the help of CMTPL calculator.
– WHAT TO DO IF THE CMTPL POLICY DOES NOT FULLY COVER THE DAMAGE?
Preliminarily purchase voluntary motor third-party liability insurance policy. The voluntary insurance policy of INGO ARMENIA will cover the damage exceeding the maximum limit of compensation defined by the CMTPL insurance policy.
– WHAT TO DO IF YOUR OWN CAR WAS DAMAGED AS A RESULT OF ROAD ACCIDENT?
In accordance to CMTPL policy the compensation receives the which suffered. If you are guilty in the accident and your car needs to be repaired CASCO insurance policy will help you.
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