Third Party Liability Insurance of Motorists

Insurance against civil liability of motor vehicle holders is compulsory and applies when the holder or driver of a vehicle causes loss or injury to others in using that vehicle and is civilly liable therefore according to the provisions of the law in force. Holders of motor vehicles registered in Bulgaria are obliged to conclude a compulsory insurance against civil liability of motorists for loss or injury arising in connection with the use of vehicles. The MTPL insurance covers occurrences on the territory of those states whose National Bureaux are signatories of the Multilateral Guarantee Agreement (i.e. the EEA countries, Andorra, Croatia and Switzerland).

The motor Third Party Liability Insurance in Republic of Bulgaria is regulated by Art.223-229 and Art. 257-275 of the Insurance_Code and by Ordinance 24 of March 8, 2006 on the obligatory insurance.

Key issues:

Limits of liability for Republic of Bulgaria - 2009

The minimum limits of liability required for personal injuries and material damages are as follows:

1. BGN 1 000 000 for personal injuries per victim;

2. BGN 5 000 000 for personal injuries per accident;

3. BGN 1 000 000 for material damages per accident.

Insurance Coverage

The compulsory motor Third Party Liability Insurance covers liability of the insured for damages caused to third persons, inclusive pedestrians, bicyclists, and other participants in the traffic, as well as damages resulting from the possession or use of a motor vehicle, inclusive.

Tractors and trailers

1. Damages caused by a trailer that has been coupled to the tractor and is functionally dependent on the motor vehicle during its motion and/or if it has been disconnected while in motion, shall be covered by the compulsory insurance of the Motor Third Party Liability of the tractor.

2. Damages caused by a trailer which is not coupled with the motor vehicle and is not functionally dependent on the motor vehicle, which has not been set in motion or it has self-run shall be covered by the insurer covering the compulsory insurance of the Motor Third Party Liability of the trailer”.