Everything you need to know about Civil Liability Insurance

Are you a vehicle owner who wants to stay protected on the road? “Civil Liability” insurance is a mandatory type of insurance policy for all vehicle owners. In this article, we will explore in detail everything a responsible driver needs to know about “Civil Liability” insurance.

What is “Civil Liability” insurance?

“Civil Liability” insurance is a mandatory insurance policy for vehicle owners that provides coverage for damages or injuries caused to third parties by a vehicle. This means that if you are involved in a traffic accident and found to be at fault, your “Civil Liability” insurance will cover the damages or injuries caused to the other party.

Legal Requirements

In Bulgaria, having “Civil Liability” insurance is a legal requirement for all vehicle owners. This means that if you own a vehicle, you must have a “Civil Liability” policy. Not having this insurance can lead to fines, penalties, and even legal action.

The Difference Between “Civil Liability” and Other Insurances

Do you often get confused by the different types of car insurance?

“Civil Liability” insurance is often confused with other types of insurance, like “Comprehensive” insurance. “Comprehensive” insurance provides coverage for damages or injuries caused to your own vehicle or yourself. “Civil Liability” insurance, on the other hand, only provides coverage for damages or injuries caused to third parties.

Types of Coverage in “Civil Liability” Insurance

A “Civil Liability” policy provides coverage for bodily injury or death of third parties, as well as damage to their property. The mandatory minimum insurance amounts (limits) for each event are as follows:

• For non-material and material damages from bodily injury or death: 10,420,000 BGN per event, regardless of the number of injured parties.
• For property damage: 2,100,000 BGN per event, regardless of the number of injured parties.

Territorial Coverage

“Civil Liability” insurance is valid in all EU member states, the European Economic Area, and countries that have signed the “Green Card” agreement. Additionally, for countries that are part of the “Green Card” agreement but are not in the EU or EEA, like Albania, Bosnia and Herzegovina, and Macedonia, a free “Green Card” certificate is issued. It guarantees that vehicle owners have the necessary insurance coverage in these countries.

Benefits of “Civil Liability” Insurance

Financial Protection
One of the main benefits of “Civil Liability” insurance is the financial protection it provides. If you do not have valid “Civil Liability” insurance and are involved in an accident, you will have to pay for damages or injuries caused to third parties out of your own pocket. “Civil Liability” guarantees that you are not personally responsible for bearing the financial burden in such cases.

Protection of Third Parties
With “Civil Liability” insurance, you can be confident on the road! It ensures protection for third parties who may suffer material and non-material damages as a result of an accident. The insurance guarantees that they will be compensated for any losses they incur.

Legal Requirements
“Civil Liability” insurance is a legal requirement in most countries. Having this insurance ensures that vehicle owners comply with the law and will not be fined or subject to legal action.

What Documents Are Needed to Purchase “Civil Liability” Insurance?

In most cases, to purchase “Civil Liability” insurance, you will need your vehicle ownership certificate (the so-called “small or large registration card”). These documents are used to fill in the necessary information for the insurance policy—such as the registration number and card number.

Choosing the Right “Civil Liability” Insurance

Factors to Consider
When choosing a “Civil Liability” policy, consider the following factors to ensure it meets your needs:

• The amount that will be covered in the event of an accident.
• The cost of the policy.
• The reputation of the insurance company.

At Trusti, we are dedicated to simplifying the decision-making process by ensuring that you have access to all the information when comparing your options.

Compare with Other Insurances
It is important to make informed decisions! That’s why we provide our easy-to-use and fully transparent Civil Liability Calculator, which allows you to compare all available insurance options. Now you can choose and compare the insurance coverage that meets your needs.

Cost of “Civil Liability” Insurance

The cost of “Civil Liability” varies depending on several factors—such as vehicle type, engine power, age, and coverage amount. The cost of online car insurance is also influenced by your driving record, age, vehicle, and location. If you have more driving experience and fewer incidents, your premium will be lower. Drivers under 25 typically pay a higher insurance premium.

At Trusti, our goal is to offer you the most affordable coverage for your needs. Try our calculator and create an account now to access our membership offers and discounts!

How to File a Claim?

Steps to Follow
If you are involved in a traffic accident, follow these steps to file a Civil Liability claim:

1. Contact the police.
2. Complete a joint accident report.
3. Visit the insurance company of the at-fault driver.

Required Documentation
You must provide documentation of the incident to the insurance company—an accident report (joint report) and any other documents related to the incident.

Conclusion

Remember that having “Civil Liability” insurance is not just a legal obligation—it is essential for your financial security!

When choosing a “Civil Liability” policy, don’t settle for the first option you come across. Use our Civil Liability calculator to compare coverage amounts, policy costs, and consider the reputation of the insurance company to ensure you get the best deal.

In the event of an accident, remember to follow the necessary steps and provide all required documentation when filing your Civil Liability claim.

Don’t take risks when it comes to your financial security! Choose the right “Civil Liability” policy for you and drive with peace of mind, knowing you are fully protected on the road!

Frequently Asked Questions

1. Is “Civil Liability” insurance mandatory in all countries?
   “Civil Liability” is mandatory in Bulgaria and most countries, but it may vary depending on the country’s laws and regulations.
2. What does “Civil Liability” cover?
   “Civil Liability” insurance provides coverage for damages or injuries caused to third parties by a motor vehicle.
3. Is “Civil Liability” the same as “Comprehensive” insurance?
   No, “Civil Liability” is not the same as “Comprehensive” insurance. “Civil Liability” covers damages or injuries caused to third parties, while “Comprehensive” insurance covers damages or injuries to your own vehicle.
4. Can I choose the coverage amount for my “Civil Liability” policy?
   The coverage amount for a “Civil Liability” policy can vary depending on the policy and the country you are in.
5. How much does “Civil Liability” insurance cost?
   The cost of a “Civil Liability” policy varies depending on several factors, including the type of vehicle, age, and coverage amount. It is important to compare the cost of different policies before choosing one that fits your budget.