What is Compulsory Traffic Insurance?
Traffic insurance is the most curious and purchased product among the types of insurance. Dec. Traffic insurance, which is almost mandatory for every vehicle that will enter the traffic, provides security against all kinds of damage that may occur in possible accident risks and situations. When it is determined that it has not been made, the insurance policy renewal and follow-up procedures, which cause criminal proceedings to be applied to the vehicle owner, are also carried out regularly.
Is Compulsory Traffic Insurance Compulsory?
One of the curious questions in traffic insurance is whether it is mandatory or not. It is a compulsory insurance product for all motor vehicles that will be in traffic. Compulsory traffic insurance provides coverage against material damage caused to the vehicle of the other party as a result of accidents that may occur in traffic. The policy is considered valid for 1 year and must be renewed before the period is completed. The insured person can renew his policy whenever he wants, the new policy starts only after the old one ends.
What are the Traffic Insurance Guarantees?
Automobile insurance is an insurance product that is confused with traffic insurance. However, while motor insurance covers the material damages of the insured vehicle, traffic insurance covers the material damages for the vehicle damaged by the insured vehicle. The general guarantees are as follows;
Material damages caused after the accident,
- Medical services that are required to be received as a result of an accident,
- Expenses incurred after the circumstances of injury or death after an accident.
- No collateral is created through insurance for any situation other than the guarantees contained in the policy.
What is the Use of Traffic Insurance?
People who have traffic insurance may not take out automobile insurance by considering the costs. However, traffic insurance policy coverage and automobile insurance coverage are not the same. Your traffic insurance helps to cover the damages and expenses incurred on the other side as a result of an accident, traffic insurance is an insurance product that covers the expenses of the opposite driver.
Frequently Asked Questions
We are here for the answer to every question you wonder
Someone hit my car parked in front of my house and ran away, what should I do?
You need to apply to the nearest police or gendarmerie station and attach a police report. You can take advantage of the 7/24 hour assistance service offered by our insurance companies for you, you can tow your car to the nearest service with a tow truck.
I have sold my vehicle, can my traffic insurance policy be transferred to the new buyer?
When there is a vehicle sale in traffic policies, the policy does not pass to the new buyer. The car owner cancels the existing policy and receives the premium refund until the remaining day. The new buyer issues a new policy on his own behalf according to the date of registration of the vehicle.
It has been 15 days since the registration date of my vehicle. Am I going to pay a raised premium because the day has passed?
No incremental premium will be charged for up to 30 days from the date of registration. A premium with a 5% increase is applied for every 30 days that pass. The delay hike is limited to 50%.
Are traffic insurance premiums the same in all companies?
Premiums in traffic insurance are freely determined by each insurance company.
In case of filing a lawsuit to the insured, are these expenses covered by traffic insurance?
Yes Litigation expenses and attorney's fees are covered by the traffic policy, provided that they are limited by the policy limits. If there is no fault of the insured in the damage caused and there is still a lawsuit filed, traffic insurance also covers these costs.