"Oranta" Incorporated performs compulsory third party liability insurance for land motor vehicles owners in the territory of Ukraine (CTPLILMVO) on the grounds of the license from the State Commission on Regulation Markets of Financial Services of Ukraine ¹ 360294, the certificate about associated membership in Motor Insurers` Bureau of Ukraine ¹ 005 and subject to Law of Ukraine "On compulsory third party liability insurance for land motor vehicles owners".
It is important to know:
Any damage, caused a result of any road traffic accident, to injured parties is reimbursed not by a driver — a guilty person in this RTA, but by an insurance company, in which CTPLILMVO policy it is mentioned the motor vehicle that has been used by a guilty person in RTA on legal grounds, and / or a guilty person (subject to a contract type).
Any damage, caused as a result of RTA, to the motor vehicle of the guilty person in RTA due to this insurance line, is not reimbursed! Such risk may be insured on terms of voluntary land motor vehicles insurance "HULL".
The insurance company is obliged to pay insurance indemnity within the limits of:
25500 hryvnias (ATTENTION! PROMOTION!) to one injured party for any damage, caused to property but not more than 127500 hryvnias. In case, when the total cost of damage due to one insured event exceeds 127500 hryvnias, the indemnity to each injured party is in proportion decreased;
51000 hryvnias to one injured party for any damage, caused to life and health (without any restrictions in the quantity of injured parties in RTA).
Favourable terms for conclusion of CTPLILMVO contracts:
Participants of battle activities and disabled soldiers, determined by law, invalids of Group I, who personally drive motor vehicles, belonging to them, as well as parties, who drive any motor vehicle that belongs to any invalid of Group I, at his/her presence, are released from compulsory third party liability insurance for land motor vehicles owners in the territory of Ukraine. Motor Insurers` Bureau of Ukraine performs the indemnity of losses to injured parties in case of RTA, if guilty persons are the mentioned parties.
War participants, determined by law, invalids of Group II, parties, who have suffered as a result of Chernobyl catastrophe, referred to categories I and II, pensioners — citizens of Ukraine, who personally drive a motor vehicle with the cubic capacity up to 2500 cbcm, have inclusively a privilege at the amount of 50% from Sum insured.
Contract types:
Depending on insurance terms, car owner (Insured) can insure his/her third party liability due to one of 3 contract types, anticipated by Law of Ukraine.
Liability insurance of any party, who uses a motor vehicle, mentioned in insurance policy, on legal grounds (power of attorney, way / route bill, at owner’s presence, etc).
Liability insurance of the party, mentioned in the policy, or one of them, mentioned herein, who on legal grounds uses the motor vehicle, determined in the policy.
Documents that are necessary for execution of the policy:
a driving licence;
a registration certificate;
a certificate of a war participant, an invalid of IInd group, of any party, who has suffered as a result of Chernobyl catastrophe, referred to Ist and IInd categories, a pension certificate (for privileged categories of population);
for the third contract type — a driving license for all parties, whose liability will be insured due to the contract.
Non-residents:
For non-residents — land motor vehicles owners, whose vehicles have been registered in foreign countries and are temporally used in the territory of Ukraine, on the general sitting of Presidium and General Insurer’s meeting — members of MIBU (protocol ¹ 117(SP) from 20th of January 2005) it was decided to use Ist and IInd contract types.
Privileges, subject to Law of Ukraine, are not spread over non-residents.
