What is insurance? The Civil Code defines the duty of the civil liability of an individual who has caused harm to reimburse his victims in full. Insurance case cmtpl recognize this situation, when the owner of the policy has caused some harm to someone's life, health or property as a result of a traffic incident. Because third party liability insurance is responsible, primarily, the interests of car owners because it protects them from the need to repair the damage that he has the opportunity to strike during driving. osago introduced with the July 1, 2003 Act osago 40-FZ of 25 April 2002 duty on insurance risk the onset of civil responsibility for the use of vehicles extends to owners of all vehicles that are used in Russia. Any car owner must insure their own car for 5 days after the transfer of the property.
Without policy osago car will not be registered with the traffic police. What gives the insurance? Having a policy osago not have to worry that in the event of an accident or some other incident, you will need to recoup losses other drivers, their passengers, pedestrians, or owners of any property that has been spoiled as a result of hitting your car. Compensation to victims will take itself an insurance company. True, the insurance company assumes responsibility for your actions on the road only to a certain limit. Insurance will pay no more than 120 thousand rubles. damage to others' property, and a maximum of 160 thousand rubles.