Liikluskindlustus

Liikluskindlustus, also known as traffic insurance, is a type of insurance that covers losses or damages incurred by a vehicle owner or driver due to traffic accidents, theft, or other related incidents. It is a mandatory requirement in many countries, including Estonia, where it is regulated by the Insurance Act.

Liikluskindlustus typically covers the following:

1. Bodily injury or death to third parties.

2. Damage to third-party property.

3. Damage to the insured vehicle.

4. Theft or attempted theft of the insured vehicle.

5. Legal liability for accidents caused by the insured vehicle.

There are two main types of traffic insurance policies:

1. Comprehensive insurance: This policy covers all the above-mentioned risks, providing the highest level of protection.

2. Third-party insurance: This policy covers only bodily injury or death to third parties and damage to third-party property, but not the insured vehicle itself.

The premium for traffic insurance is determined by several factors, including the type of vehicle, its age, the driver's age and driving experience, and the level of coverage chosen. In Estonia, the minimum required coverage is third-party insurance, but many drivers opt for comprehensive insurance for added protection.

Traffic insurance is an essential aspect of responsible vehicle ownership, providing financial protection in case of accidents or other covered incidents. It is important for drivers to understand the terms and conditions of their policy and to choose a reputable insurance provider to ensure adequate coverage.