Photoradar fines 350 euros for every time a car without MTPL insurance passes by for radar. If
the driver is caught by the police for driving without an MTPL policy, the penalty may be less.
Continue
reading..
Starting from January 1st of next year, Latvia will significantly increase the tax-free amount
limit health insurance for policies from the current 426.86 euros to 750 euros.
Continue
reading..
As of January 1st 2022, Italy has introduced a law requiring all skiers and snowboarders using
mountain ski slopes in the Italian Alps, must have civil liability insurance.
Continue
reading..
Report on the 2 quarters of 2023 on the insurance market in Latvia, including life
and non-life insurance. Market data are taken from the homepage of the Association of Latvian Insurers.
Continue
reading..
The policyholder is the person or company that owns the insurance policy. This means
that physical or
a legal entity has signed an insurance contract and are responsible for paying premiums and others
fulfillment of conditions in the case of claimed compensation.
Continue
reading..
Generally speaking, EHIC ensures that you will receive the necessary health care,
but travel insurance for these services will be paid for.
That is why EHIC and travel insurance complement each other so well and do not replace each other in any
way...
Continue
reading..
All kinds of situations can happen in life, and you, who are a master of road
traffic skills, can also have a car damaged. You see your damaged vehicle and think who will pay for it? To
answer this question first you should understand: Who was to blame?
Is the culprit a third party who is still at the scene?..
Continue
reading..
Car rental companies offer different insurance services, but the additional fees can
reach just as much a large amount as the rental fee for the vehicle itself, if you choose the type of
coverage that will be applied deductible after causing damage to the rental vehicle.
Continue reading..
Although security systems cannot completely deter thieves from illegally obtaining
your car, they certainly can
bother and attract the attention of others who can help stop this crime.
Continue reading..
In what situation did the insurance policy help you? Did you miss your flight
because you didn't hear the alarm? Maybe you damaged the rental car? Or maybe your suitcase didn't arrive
destination? These are just some of the classic insurance cases that can happen while traveling. There is
good news
Continue reading..
Insurance market data in Latvia in the first quarter of 2023 show diverse market
dynamics, whose assets
made by various life and non-life insurers.
Continue
reading..
How much do you think travel insurance costs? Or going on a simple leisure trip,
where you will lazily sunbathe at swimming pool, the price of the policy will be identical to that of going
down the Alps with a board or skis? Is there the difference in the policy price if the duration of the
sports activity is shorter than the overall trip itself? Why add to the policy at all sports insurance
coverage?
Continue reading..
What would YOU choose? Just burgers, or a set with fries and a drink? Unfortunately,
for the burger
we will not continue the conversation, but it is quite similar with the choice of insurance. Have you heard
this terminology before?
- Named risks coverage and All risks coverage?
Continue reading..
Have you thought about the effects of natural disasters and weather on your
property? Today we will talk about unusual circumstances, and how insurance can protect you
from unforeseen expenses.
Continue
reading..
Simply put, a broker is an intermediary between you as a customer and the insurer -
service provider. The broker's duties are: Introduce you to insurance services
Continue reading..
This is a classic procedure for third party damages and can be recalled by any of
us, so today's article will be
about Liability Insurance
individuals.
Continue reading..
Did you know that an annual home insurance policy would cost an average of two
people dinner at a restaurant?
Yes, on average
60 EUR, just as modest investment for your place and
security of property for one year.
Continue reading..
You may have heard or read such an abbreviation when getting your car's MTPL policy,
but what does it really mean? The full name of VTUA is State Technical Surveillance Agency,
such as, but not limited to, the regulatory body that monitors the state of the art and the general state of
the market for all agricultural and agricultural machinery used.
Continue reading..
Even the most experienced traveler can experience some unexpected precedents during
a trip - missed flight, lost suitcase, Covid-19 illness, damaged
rental car or in the end canceled flight for which you had already paid money. Today we will help you to be
a little clearer on what insurance companies offer
Continue reading..
A traveler should have both travel insurance and an EHIC card, as they both
complement each other and performs various functions. It's not mandatory of course,
but highly recommended to have both, because if during the trip something happens to your health, you will
receive both medical assistance and financial support
Continue reading..
Canceled or delayed flight, damaged luggage, Covid positive test, injury during
sports or any other problem during the trip where you need help. Continue reading..
The MTPL price is influenced by the type of vehicle and the purpose of its use,
driver's experience, registration address, compensation history, Bonus Malus class and other factors
influencing the premium. Continue
reading..
If for some reason you have not received the printout or e-mail or cannot find it,
then at any time you can view the current information about your car's MTPL policy on the LTAB website. Continue reading..
LTAB is an association that supervises all insurance companies that are entitled to
trade in MTPL, as well as to ensure the protection of the interests of third parties in a traffic accident.
Continue reading..
All motor vehicles have compulsory insurance if you want to use them for road
traffic. However, there is also a voluntary form of insurance. How to understand the difference and how to
choose the right one? Continue
reading..
Bonus Malus is an insurers tool designed to more accurately calculate the risk class
and insurance costs of vehicle users. This calculation takes into account for how long you have been
insuring your car and whether there have been (and how many) road traffic accidents for which the insurer
has paid indemnity in your driving history. Continue reading..
The 24/7 roadside assistance service is a qualified specialist, an expert at the
scene (24/7) or a telephone consultation (24/7) to fix your vehicle if something has happened and you cannot
continue driving. Continue
reading..
The EHIC, or European Health Insurance Card, confirms its holder's right to receive
appropriate healthcare while in the Member States of the European Union. Continue reading..
CASCO is a voluntary type of insurance, ie you can buy it or not at your free
choice. Have you ever wondered why your car would need CASCO? "Nobody will steal it!", "I have 15 years of
driving experience and nothing has ever happened to me!", "Country roads? - But I live in the city, no
animal is crossing the road here!?" Continue
reading..
There are cases when the owners of CASCO policies are not acquainted with the terms
of the CASCO policy and the insurer is forced to reduce or refuse the indemnity payment altogether! Continue reading..
Deductible is your financial (EUR) liability in the event of an insured event. When
purchasing one of the insurance policies, everyone has a certain deductible, or in other words - your share
of the indemnity. Continue reading..
CASCO insurance can be purchased by any vehicle owner or holder who wants to protect
himself from unforeseen expenses, ie if your car has been damaged, regardless of who was to blame for the
collision and whether the culprit is known at all. Continue reading..
MTPL is a compulsory third party liability insurance for land vehicle owners. It is
mandatory for all modes of transport participating in road traffic in Latvia. Continue reading..
CASCO is a type of voluntary insurance with which the vehicle specified in the
policy is insured with its standard and additional equipment. Damage to the vehicle, including theft, total
destruction, as well as damage caused to your car by yourself is insured. Continue reading..
Travel insurance provides the necessary support, advice and covers expenses incurred
as a result of a sudden illness or accident (such as medical expenses or transportation).
Continue reading..
