What is the Compulsory Motor Third Party Insurance?
It is a type of insurance guaranteeing compensation of damage caused to other persons' health or property in the event of a road accident that has occurred through your fault.
An insurance contract/policy can be made by a proprietor of a vehicle or a legal owner on behalf of the proprietor of a vehicle, or a person authorized by the proprietor of a vehicle.
This insurance is provided for by the Compulsory Motor Third Party Insurance Law that came into effect on 1 January 2002. When a vehicle is halted by traffic police the driver should present, together with other documents, a valid insurance certificate/policy confirming that the driver has an insurance contract.
What are the advantages of ERGO?
- An insurance representative near your home. Today ERGO sales network covers all cities and towns of Lithuania.
- ERGO LIETUVA has an extended network of administration of insured accidents. Insured accidents are administered by representative offices, regional centres, and territorial divisions of the insured accidents administration department whereto insurants can apply at their own discretion.
- ERGO LIETUVA is the only insurance company in Lithuania that provides an additional service specifically convenient to insurants, i.e. a 24-hour administration of insured accidents. ERGO LIETUVA clients and persons suffered from them can submit information about insured accidents and receive necessary help round the clock by a toll-free fixed telephone No 8-800 21555 and paid short telephone number 1555 (GSM).
Types of insurance contracts
- An ordinary insurance contract means a compulsory motor third party insurance contract made in the case where a motor vehicle is usually located on the territory of the Republic of Lithuania, i.e. when a motor vehicle has a state registration number plate of the Republic of Lithuania. An insurance certificate is issued after concluding an ordinary insurance contract.
When an insurance contract is concluded with farmers of the farms registered in accordance with the Farmers Law and with other agricultural business subjects specified in the Agriculture and Countryside Development Law, an ordinary insurance policy shall be issued together with a certificate of a group compulsory motor third party insurance contract. - A frontier insurance contract means a compulsory motor third party insurance contract made in the case where a motor vehicle is usually located outside the territory of the Republic of Lithuania.
What insurance sums are payable?
The law modifying the Compulsory Motor Third Party Insurance Law and the law on coming into force and implementation of the above mentioned law came into effect on 27 March 2004. (The Gazette No 46, law No IX-2041 and No IX-2042). Those laws provide that from 1 May 2004 all owners of motor vehicles are obliged to have compulsory motor third party insurance contracts with new insurance sums of 500 000 EUROS (1 726 400 Litas) for personal risks and 100 000 EUROS (345 280 Litas) for property risks.
Where the insurance coverage is effective?
The compulsory motor third party insurance covers the territory of the states of the European Union and the European economic zone (Ireland, Austria, Belgium, Denmark, Great Britain, Greece, Spain, Luxemburg, Holland, Portugal, France, Finland, Sweden, Germany, Lithuania, Czech Republic, Estonia, Cyprus, Hungary, Latvia, Malta, Poland, Slovenia, Slovakia, Norway, Island, Lichtenstein) and Switzerland.
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