Insurance is not a luxury but a necessity. An ordinary MTPL policy is a mandatory requirement for everyone who participates in road traffic, but it does not protect drivers in situations when they are partially or completely at fault for causing a road traffic accident or when there is a collision with a wild animal.
To protect themselves from unforeseen expenses, a large number of drivers also choose another type of insurance in addition to MTPL. Compensa Golden MTPL is a great compromise allowing to save money, as these insurance costs are lower than in case of buying both MTPL and MOT; nevertheless, Golden MTPL protects drivers in a number of crucial situations.
The Golden MTPL policy stipulates that compensation shall also be paid to the insured person who is at fault for causing the road traffic accident in order to compensate for the damage suffered by the vehicle. This compensation is paid in accordance with the Golden MTPL compensation table showing the insured details and compensation (in euro) that can be received for each damaged element.
If the driver is partly at fault for causing the road traffic accident, then the compensation is paid according to the degree of fault.
If the driver is not at fault for the road traffic accident, the Golden MTPL operates as a regular MTPL allowing to receive compensation for damages either in the form of paid repairs or in cash in accordance with the provisions of the MTPL Law.
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What vehicles fall under the coverage of the Golden MTPL?
Golden MTPL is available to passenger cars only. |
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What is the difference between Golden MTPL and regular MTPL policy?
Golden MTPL guarantees indemnification even if the policyholder is at fault for a collision with another car or there has been a collision with an animal. If there has been a collision with an animal or another car (and the policyholder is at fault), the compensation shall be paid according to the principle of the damage compensation table. |
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Does the policy include 24/7 assistance?
24/7 assistance is available for a fee. Please ask your Compensa seller or your insurance specialist about this option. |
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Does the Golden MTPL policy have deductibles?
No, the Golden MTPL policy does not have any deductibles. |
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What to do when there is an insurance case?
Call the police or fill in the Agreed Statement of Facts. |
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How the compensation is calculated?
If you are a victim, the losses are calculated according to the MTPL methodology. If you are at fault or there has been a collision with an animal, compensation will be paid in accordance with the damage compensation table. |
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How long do I have to report a case?
The insurance event must be reported within 3 business days after the accident. |