The popularity of car risks insurance is connected with the deep economic and social changes occurring in society due to the mass buying of the cars, the quick growth of an automobile park and the volume of traffic and huge material losses resulting from traffic accidents. Every year in a traffic accident die more than […]
The popularity of car risks insurance is connected with the deep economic and social changes occurring in society due to the mass buying of the cars, the quick growth of an automobile park and the volume of traffic and huge material losses resulting from traffic accidents. Every year in a traffic accident die more than three hundred thousand people and about 2 million people injured on the roads all over the world. Rapidly develops the motor freight transportation within the country and in international communications. The intercity bus transportation, the sightseeing and touristic bus routes, the international camping are growing in a huge rate. All this factors influence on the increase of the number of accidents, losses during transportations of the cargoes, accidents with passengers and pedestrians on the roads and the material and social losses to society, population, business and civil society structures. World community, however, have produced the universal remedy for recovery of personal and property harm to individuals and entities affected on the roads – the car insurance covering the risk of losses not only for members of the transport process from the adverse circumstances for them, but also for third persons who accidently became the victims of the traffic accidents.
So let’s consider the peculiarities of international car insurance. The most spread type of the international car insurance is so called “Green Card”.
If you are trying to exit the vehicle registered in the certain country to the territory of the European Union or other member state of the international automobile insurance system “Green Card”, you are obliged to have a valid contract (policy) “Green Card” issued to this vehicle (without the presence of such an insurance policy, the vehicle will not pass the border of your country and it will be detained by the custom authorities.
“Green Card” provides the liability insurance for drivers of vehicles referred in the insurance policy – for the damage that may be caused to their life or health of others through accidents on the territory of the European Union or other countries that are the members of the international automobile insurance “Green Card” where the insured vehicle had entered from another state.
Payment of the insurance reimbursement should be made to the victims, third parties or their official representatives on the conditions stipulated by the legislation of compulsory insurance of civil liability of vehicle owners of the country of temporary residence of vehicle where an accident happened.
There are two types of “Green Card” policies:
1. The “whole system” – applies in the countries-members of the International Car Insurance System “Green Card”: applies exclusively on the territory of these countries – Belarus, Moldova and Russia. All these countries take part in this insurance system.
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