What is Traffic Insurance?

What is Traffic Insurance?

Mandatory Traffic Insurance is an insurance product that is required by the state to be made to all motor vehicle owners and guarantees you for damages you may cause to other vehicles or third parties as a result of the accident.
What is the difference between Compulsory Traffic Insurance and Insurance?
Traffic insurance and insurance are two separate products that guarantee completely different risks. Traffic insurance is accidentally covered by the damage of the other party, while the insurance will cover your damage. Traffic insurance is mandatory, and the insurance is optional.
What are the guarantees of traffic insurance?
Vehicle and Per Accident Damage Guarantee: This assurance guarantees the material damages you have caused to the other party. If multiple vehicles have been damaged in an accident that you are defective, the case head coverage is activated.
Person and Per Accident Health Expenses Guarantee: This assurance guarantees the damages to the body you provide to the other party. Since the number of individuals in the vehicle is based here, the guarantees vary according to the type of vehicle.
Person and Per Accident Injury and Death Guarantee: If the accident decision leads to the death of a person; the deceased’s burial expenses guarantee spiritual compensation to those who are left behind. If it is a disability guarantee, the other side’s accident decision is partially or completely unworkable, which covers the damages that are going on.
Is the Mandatory Traffic Insurance policy applied to the damage strain?
You start to receive a damage reduction starting with 10% on your traffic insurance, which is not damaged during the 1-year policy period. If you do not ultimately damage each policy period, this discount continues to increase by 5%, and you can earn damage relief discountof up to 20% of the highest digit.
Penalties awaiting vehicles that do not have mandatory traffic insurance;
• Drivers who do not have the specified traffic insurance face punitive sanctions.
• Owners of vehicles who do not take out traffic insurance on time, the traffic insurance step remains constant “even if it does not have any accidents” and loses the chance to be dismissed in its policy.
• If the policy is not made or renewed, a 5% delay penalty will be applied for each month of delay.
• If a vehicle without insurance is detected by traffic teams, the vehicle is taken to the parking lot thanks to the tow truck and banned from traffic and the vehicle is kept in the parking lot until the owner has traffic insurance.
• In this case, the owner of the vehicle is obliged to pay both the attractive fee, however, the parking fee until the day the car stays in the parking lot.

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