Information:

Motor third-party liability (MTPL) insurance is conducted in accordance with Ukrainian Act “About motor third-party liability insurance for owners of land motor vehicles" No. 1961-IV of July 01, 2004, which took effect on January 1, 2005.

MTPL insurance (mandatory and voluntary) covers risks of life or health damages, or physical damage to third party’s property (pedestrians, drivers, passengers of other vehicles) inflicted by insured person driving a motor vehicle. In other words, if it is the insured person’s fault that someone’s car becomes damaged or people get hurt, the insurance company will reimburse the victim's loss, caused by the insured person’s car, and pay health-related costs to the victim.

The insurance company will reimburse the victim’s monetary losses as follows:

• 22,500 UAH for the property damage;
• 51,000 UAH for damages inflicted to life and health.

Along with MTPL insurance the insured person can purchase a voluntary insurance MTPL contract.

The voluntary insurance contract is not a substitute for the mandatory MTPL insurance; it is a supplement to mandatory MTPL.

If an insured accident occurs, the payout procedure is as follows:

First, the mandatory MTPL insurance takes effect. If the amount of payout does not cover costs necessary to indemnify for losses inflicted by the insured person, the outstanding amount is paid under the contract of voluntary MTPL insurance.