Vehicle insurance

Vehicle insurance in the Republic of Bulgaria, as in many countries, there is 2 main types:

1. Compulsory insurance of auto civil liability (Bolg. “The civil odgovornost”);
2. Voluntary motor insurance (motor Hull insurance).

Compulsory insurance

Compulsory insurance of auto civil liability is intended to insure your personal vehicle from damage, and your liability to injured in an accident due to your fault. Also the policy of the Civil odgovornost” protects the guilty party from the property claim of the injured party.

Thanks to the system of General liability insurance covered both tangible and intangible damage caused by the perpetrator of a traffic accident to third parties, including those which caused their death or the infliction of physical injury. However, the amount of damages is limited to the so-called “limit of liability”, whose size is the same for all insurance companies and is:

• Up to 1 million leva - pecuniary damage;
• Up to 1 million leva - in the case of non-pecuniary damage (one victim);
• Up to 5 million leva - compensation for non-pecuniary damage (from 2 or more victims).

Bulgarian insurance policy of Civil odgovornost” is valid in all EU countries and its presence is not necessary in obtaining a Green card. This insurance can be supplemented by a policy of accident insurance of persons in the car. This type of insurance is mandatory for units of public transport, and for regular cars operates on a voluntary basis.

If You already own or just planning to buy a Bulgarian resort property, and also thinking about buying a car in this country, then be sure to purchase a motor vehicle liability policy (for the year). For his absence, You may be fined 500 leva initially, and again the size of the penalty will increase. If you are staying on the territory of Bulgaria less than one year, you can get insurance with a quarterly breakdown.

Voluntary insurance (CASCO)

To protect yourself from possible financial damage, you can use the insurance on a voluntary basis “Auto CASCO”. Policy can be issued on any vehicle with Bulgarian registration numbers, as well as a car with foreign registration plates in the case of a Treaty between Bulgaria and the country concerned. Also, in addition to the basic contract can be insured individual nodes and the equipment of the car.

Policy “Auto CASCO” insurance guarantees protection in the following situations:

• Fire;
• Theft (excluding theft in the territory of the Russian Federation, Ukraine, Belarus, R. Moldova, Albania, Bosnia and Herzegovina);
• The accident.

The cases to which the Waiver does not apply:

1. Behind the wheel was a person without a driver's license.
2. The driver of the vehicle was in a condition of alcoholic or narcotic intoxication.
3. The accident occurred as a result of tyre wear.
4. A car owner or members of his family caused intentional damage to the vehicle in order to obtain financial compensation.
5. No report issued by the traffic police.
6. The insurance company submitted incorrect data (receipts with inflated cost of the work, etc.).
7. The insurance company is notified of the occurrence of the insured event after the deadline.

Necessary requirements for the contract CASCO:

• The serviceability of the vehicle;
• The presence of the invoice (in case of purchase of a new car);
• The presence of those coupon;
• Equipment burglar alarm.

Package is required to refund the indemnity documents:

• If insurance comprehensive Insurance (with all attachments);
• The documents of registration of the vehicle;
• Documents of the right driver for driving;
• The protocols of the traffic police about the accident.

On the territory of Bulgaria there are 17 companies providing services to mandatory and voluntary auto insurance. Differences in the cost of policies purchased in different firms, insignificant, therefore, the choice of the insurer focus primarily on the prestige and reputation of the company.