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
ІІІ. Evaluation of damages and determining the compensation amount
- The compensation of any material damages suffered shall be determined by the Fund’s Management Board based on an evaluation of the damages according to the uniform methodology for settlement of compensation claims for damages caused to any motor vehicles as stipulated by Ordinance No. 49 of 16.10.2014 on the compulsory insurance.
- The damages are evaluated and the compensation amount is determined after the injured person submits all required documents needed to ascertain both the event and the damage amount no later than three months following the date of filing the claims.
- The amount of the compensation cannot exceed the minimum insured amount under the compulsory insurance as determined for the year when the road accident occurred and with respect to the other properties it is based on the rules for determining compensations for damages to property other than motor vehicles.