- Motor insurance
- Persons insurance
- Purchase insurance
- Loss adjustment
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, as well as in the Swiss Confederation, Serbia, Andorra, Bosnia and Herzegovina, Great Britain and Northern Ireland.
Remember! When traveling abroad, you must bring a printout of the MTLP standard contract policy.
When traveling to Albania, Belarus, Israel, Iran, Morocco, Moldova, Northern Macedonia, 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.
A border insurance contract is required for a vehicle registered in countries outside the European Economic Area and the Swiss Confederation (e.g. Russia, Belarus, the USA, etc.) and whose driver cannot produce an MTPL contract valid in the territory of the Republic of Latvia.
The following risks are included in an accident insurance contract:
If the vehicle cannot be repaired after an accident, a replacement vehicle is provided until the damage to the insured vehicle that prevents it from participating in road traffic is repaired.