Mandatory Traffic Insurance is a type of insurance for every vehicle with a traffic registration and is organized according to the Highway Traffic Law No. 2918.
Mandatory Traffic Insurance guarantees you for damage to other vehicles or third parties as a result of an accident. Mandatory Traffic Insurance is often confused with the Motor Insurance.
The difference is that it only covers claims warranted to the other party.
Within the scope of Mandatory Traffic Insurance, if the insurer caused death or injury or damage to anyone during the operation of the motor vehicle described in the policy, the legal liability to the operator is provided within mandatory insurance limits, according to the Highway Traffic Law.
Mandatory Traffic Insurance warrants and limits are the same guarantees for all insurance companies set by the Undersecretariat of treasury. However, the premium and payment conditions vary by company.
Within the scope of Mandatory Traffic Insurance, insurance costs may vary due to variables such as the model year of the vehicles and the damage history of the licensee.
Contact us for more details
