Settlement of compensation claims for material damages and payment of compensation under Motor Third Party Liability Insurance from the Fund for Uninsured Motor Vehicles
І. Filing a claim
ІІ. Written evidence (documents), which are enclosed with the application (notice) when claiming compensation
ІІІ. Evaluation of damages and determining the compensation amount
ІV. Decision on a claim and payment of compensation for material damages
ІV. Decision on a claim and payment of compensation for material damages
- The Management Board of the Guarantee Fund issues a decision on filed claims within three months from the date of its submission.
- The injured person (or the person they have authorized) is notified in writing about the decision and its justification in connection with the claim.
- In case of certain compensation under the claim, the amount is transferred via bank transfer to the specified account of the injured person or to a person explicitly authorized for this purpose.The power of attorney must comply with the statutory provision of Article 558(6) of the Insurance Code.
- Before paying compensation, defined as total damage to a motor vehicle registered in the Republic of Bulgaria, a certificate from the competent registration authorities is required to terminate the registration of the motor vehicle due to the total damage.
- The Guarantee Fund may reject the claim to compensation when there are no grounds for payment or when the evidence presented is not sufficient to establish the basis or amount of compensation.