Compulsory third party liability insurance for owners of mechanically propelled vehicles (OC)
The third party liability insurance is a civil liability of every person, who driving the mechanically propelled vehicle in the life of the insurance contract, caused damage by means of this vehicle.
The third party liability insurance protects the vehicle owner or the driver against financial consequences of the damage caused to other persons.
Insurance contract must be concluded specially by the owners of registered mechanically propelled vehicles, motor vehicles, motorbikes, farm tractors and trailers, as well as owners of low-speed vehicles registered in Poland.
Insuring the third party liability is important in all states being involved in the European Union and in Andorra, Iceland, Norway, Switzerland and of Croatia.
The insurance contract is contained for a period of 12 months. Entering an insurance for a shorter term is possible for the types of vehicles determined in the act.
If not later than 1 day before the expiry of the indemnity period, the insured won't notify the Insurer in writing about giving notice, it is regarded that a next agreement was entered into for 12 consecutive months. Entering the next agreement does not take place (despite the lack of notice), if a contribution has not been paid in full for the passing period of 12 months.
In case of selling off the vehicle all rights and obligations arising from the agreement entered before are passing on the purchaser of the vehicle. The buyer can terminate this agreement within 30 days of the day of purchasing the vehicle or continue the agreement.