Compulsory MTPL Insurance covers possible damages caused by the Insured to third parties, following road accidents on the territory of the Republic of Moldova.
Domestic Motor Vehicle Insurance
The limits of the insurer’s liability are set in the following amounts:
MDL 1,000,000 for one victim or MDL 5,000,000 , regardless of the number of victims, in case of bodily injuries.
MDL 1,000,000 , regardless of the number of victims, in case of material damage.
The insurance is valid 12 months, except cases when motor vehicles are used for seasonal agricultural activities, registered with temporary numbers, other cases provided for by laws.
The insurance cost is calculated based on the rates of the Insurer, taking into account factors such as: type and parameters of the motor vehicle; territory of use of the motor vehicle; age and experience of the driver and damage history.
Compulsory MTPL Insurance covers possible damages caused by the Insured to third parties, following road accidents on the territory of the Republic of Moldova.
The insurance shall cover the following damages:
- Caused while driving or parking the insured motor vehicle.
- Following the accidental detachment of trailers, semi-trailers or attachments, while the insured motor vehicle is moving.
- As a result of leakage, spillage or accidental fall of transported substances, materials or objects.
- Caused by devices or installations with which the insured motor vehicle was equipped.
Documents to be submitted for the conclusion of the insurance contract:
- – Identity card or other identity document (driver’s license).
- – Vehicle registration certificate.
- – Documents certifying the right of possession of the motor vehicle (power of attorney, rental contract, leasing contract, etc.), as the case may be.