Infographics:
Action Plan for Using MTPL Insurance Policy
January 18, 2016
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In accordance with Ukrainian legislation every car owner is bound to have motor third party liability insurance aimed at settling financial claims of traffic accident parties which are associated with car repair. Below are the recommended steps to be taken in case of an accident. The most important thing is – do not panic and use one of the action plans offered below in order to make the claim process speedy and accurate. Option # 1. Call the police (prev.-traffic police).
The major flaw of this action plan is it being time consuming due to waiting for the police to arrive and draw up all the necessary papers. Option # 2. European Accident Statement. That is a simpler option since you don’t need to waste time waiting for the police. However it can be used only for the accidents meeting all of the criteria mentioned below:
Insurance company is liable to pay the indemnity within 90 days from the moment all the required documents were submitted.
Only if all of the above conditions are met, your following steps might include:
In both scenarios mentioned above an insurance company is liable to pay the indemnity within 90 days from the moment all the required documents were submitted.
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