If you have caused a road traffic accident, Compensa MTPL policy will cover the damages caused to the third-party property and losses caused to a person.
The insurance policy covers the following damage caused to property:
The insurance policy covers the following damage caused to persons:
Remember! If you have caused a road traffic accident, you will have to pay for the repair of your vehicle yourself. In such cases, the Compensa CASCO policy would be useful.
Bonus-Malus (BM) is the vehicle owner's insurance risk classification used as one of the parameters for calculating the insurance premium. The BM classes are recalculated once every calendar year - on 15 September, and it is centrally performed by the Latvian Motor Insurers’ Bureau (LTAB).
When you purchase an MTLP policy for your vehicle, you will receive the MTLP standard contract policy valid in Latvia and all European Economic Area (EEA) member states, Switzerland, Andorra and Serbia.
Remember! When traveling abroad, you must bring a printout of the MTLP standard contract policy.
When traveling to Albania, Bosnia and Herzegovina, Belarus, Israel, Iran, Morocco, Macedonia, Montenegro, Russia, Tunisia, Turkey and Ukraine, you must obtain a Green Card, which you can purchase in person in all our branch offices and at our partners. The Green card is printed on a special form.
You require a border insurance contract, if your vehicle is registered outside the European Economic Area (for example, in Russia, Belarus, USA etc.) and the driver cannot present an MTLP contract that is valid in the Republic of Latvia.