Compulsory Traffic Insurance is a type of insurance that must be made to understand from the name you are browsing for all motor vehicle traffic in Turkey. Vehicles that do not have Compulsory Traffic Insurance cannot enter the traffic and if they do, their vehicles will be banned from the traffic. This situation has various penalties. This insurance is only valid in the Republic of Turkey and encompasses our country. What is this compulsory insurance? What happens if not? What are the penalties?
What is Compulsory Traffic Insurance?
It is a kind of insurance that all the vehicles coming to traffic have to have. However, this insurance is not an intermediary, it is a type of insurance that covers the material and physical damages that occur on the other side in case of an accident. The compulsory traffic insurance does not cover the damage that occurred at the time of the accident. It ‘s Casco that covers your losses.
Those who do not have traffic insurance or who continue to go out of traffic without renewing after the expiry of the term are banned from the traffic, the vehicle is connected with the phrase between the public. All vehicle owners are obliged to take out this insurance and follow up with the following procedures. Traffic Insurance is made separately for each vehicle and must be renewed every year. Vehicle owners are also responsible for all these operations.
The vehicles of the vehicle owners who do not follow these procedures are taken to the safety parking lot . Of course, the longer you wait in the process, the more harmful you are. During your stay without insurance , fees such as delay hike and parking allowance will have to be out of your pocket.
What Does Traffic Insurance Cover?
Traffic Insurance covers accidents, injuries, fatal accidents, and property damage. However, the rates they will meet vary each year. In addition, the insurance company’s insurance policy may meet different situations and may not meet different situations. When you take out insurance, you should investigate and learn your rights well.
In the event of any loss of life in the accident, the relatives of the deceased are paid certain amounts of money. This will be a different amount than the money paid to the injured and hospitalized person. You should investigate the policies well, as these amounts vary each year.
This is the general summary of Compulsory Traffic Insurance. Traffic insurance covers the damage to the other party if you think that I do not need to do wrong.