Insurance
from SHARK

The main options for the terms of purchase of motor third party liability insurance include the following:

• Annual term: The policy must be renewed every year, after the end of the previous insurance period. The car owner must maintain valid insurance coverage by renewing the policy the following year.
• Monthly or quarterly term: This can be useful for temporary situations when the car owner needs insurance for a limited time, for example, when renting a car for a short time or staying in another country.
• Long-term: In some cases, it is possible to purchase a motor insurance policy for a longer period, for example, for two or three years. This gives the car owner the opportunity to avoid annual renewals and have valid insurance coverage for a long period of time.

It is worth noting that strict adherence to the terms of purchase of MTPL is important to ensure valid insurance coverage. The driver should make sure that his or her MTPL policy is always up-to-date and not outdated. Failure to do so may have legal consequences and result in a lack of insurance coverage in the event of an accident or other events requiring compensation.

Some of the general features of a car insurance policy for pensioners include the following:

• Reduced rates: Seniors may be entitled to certain discounts on their car insurance. This may be due to factors such as a statistically lower likelihood of an accident or to take into account the special needs of pensioners. Discounts may be applied to insurance premiums or maximum coverage amounts.
• Changes in the amount of car use: Retirees may have different car usage patterns than employed individuals. For example, they may use the car less frequently, especially if they have mobility limitations or frequent destinations that are a short distance away. In such cases, retirees can contact insurance companies to discuss the optimal mode of car use and possible reduced insurance rates.
• Driving restrictions: Retirees may be subject to certain driving restrictions, such as night driving or age restrictions. These restrictions may affect insurance terms and premiums.
• Special needs and coverage: Due to the specific needs of retirees, special additional coverages or options may be offered that take into account the peculiarities of the retirement status. This may include medical cover, roadside assistance, or other services suitable for retirees.

If you have inherited a motor third party liability insurance (MTPL) policy, you usually need to re-register it in your name as the new owner of the car. Here are some of the items to consider:

• Notifying the insurance company: First, you should notify the insurance company that you are the new owner of the car and intend to renew the MTPL policy in your name. They will provide you with information about the procedure and the necessary documents.
• Documents for reissue: Usually, the following documents are required to reissue a MTPL policy to a new owner:
• Documents confirming your identity (passport or a document issued by a government agency);
• Documents confirming your right as an heir (inheritance certificate, court decision, etc.);
• Documents confirming the change of ownership of the car (a document on registration of the car in your name).
• Payment of the insurance premium: Check with the insurance company to see if there is a need to pay an insurance premium for re-issuing the MTPL policy to the new owner of the car.
• Updating insurance terms and conditions: Check whether the insurance terms and conditions on your MTPL policy meet your needs. If necessary, make changes to the coverage, such as increasing the amount of coverage or adding additional options.
• Expiration of the previous policy: Make sure that the previous policy, which was in the name of the previous owner of the car, has been terminated or canceled. Do not leave the old policy in the name of the previous owner.

It is important to re-issue the MTPL policy in your name in time to have valid insurance coverage in the event of a traffic accident or other events that require compensation. Contact the insurance company that issued the policy for accurate information and instructions on the renewal procedure.

Ukrainian legislation provides for a 50% discount on the insurance premium for a motor vehicle liability insurance policy for the following categories of persons:

• Young drivers: Young drivers under the age of 24 can receive a 50% discount on the insurance premium if they have held a category B (passenger car) driver's license for three years and have no insured events.
• Combat veterans: Veterans of military operations (persons who participated in military operations and have relevant documents confirming this status) can receive a 50% discount on the insurance payment without any age limit.
• Persons with disabilities: Persons with disabilities, depending on the disability group, can also receive a 50% discount on the insurance premium. To receive a discount, you must have a relevant disability certificate.

Yes, it is usually possible to insure a car if you drive it on behalf of the owner. An authorization can arise in various situations, for example, when the owner of the car gives you permission to drive it on a permanent or temporary basis, as in the case of a rental or loan car. In this case, you, as the driver, may have your own MTPL policy that will cover you while driving the car.

However, it is important to pay attention to the following points:

• Notification to the insurance company: Usually, you need to inform the insurance company that you are driving the car on behalf of the owner. They may indicate what conditions or restrictions apply to your insurance coverage.
• Potential restrictions: Some insurance companies may impose restrictions on driving on behalf of an owner, such as requiring you to be a certain age, driving experience, or accident-free record. There may also be restrictions on how you can use the car, for example, in certain areas or at certain times.
• Damages and liability: It is important to note that in the event of an accident or insured event, the insurance coverage may apply according to the terms of the policy. Make sure that your motor third party liability policy contains sufficient coverage to compensate for any damage you may cause to other road users.

With this in mind, it is recommended that you contact the insurance company that provides the policy and clarify their requirements and conditions for driving a car on behalf of a third party. We will be able to provide you with accurate information and help you to obtain a policy that suits your situation.

Yes, it is usually possible to increase the amount of coverage on a motor vehicle liability insurance policy. The amount of coverage determines the maximum amount that the insurance company will be liable for if you cause damage to other road users.

Increasing the amount of coverage can be useful to provide a higher level of financial protection in the event of an accident or other insured events. Here are some steps you may need to take to increase the amount of coverage on your MTPL policy:

• Contact your insurance company: Contact your insurance company that provides your MTPL policy and ask about the possibility of increasing the amount of coverage. They will provide you with the necessary information and explain the procedure for increasing your coverage.
• Determine the amount of coverage you need: Consider your needs and personal circumstances to determine the level of coverage you need. Consider your financial ability to afford the level of coverage you need.
• Apply for an increase in coverage: Fill out an application or contact your insurance agent to apply for an increase in coverage. This can usually be done by renewing an existing policy or taking out a new policy with a higher coverage amount.
• Review your insurance premiums: Increasing the amount of coverage can affect your premiums. Consider the possible changes in the cost of insurance and check with your insurance company.

It's important to keep in mind that increasing the amount of coverage on your MTPL policy may require additional costs. However, it may be important to ensure a higher level of financial protection in the event of an insured event. Contact your insurance company to get detailed information and advice on increasing the amount of coverage on your MTPL policy.

Thus, compulsory motor third party liability insurance (MTPL) is mandatory for all car owners in many countries, including Ukraine. MTPL is one of the main forms of car insurance and is intended to compensate for damage caused to other road users as a result of accidents caused by the driver of the car.

The main features of compulsory motor third party liability insurance (MTPL) in Ukraine:

• Mandatory: According to Ukrainian law, every car owner is required to have a valid MTPL policy for their vehicle. Failure to have MTPL insurance may have legal consequences, such as fines or suspension of the car's registration documents.
• Damage coverage: MTPL provides financial compensation to victims in the event of road accidents in which the driver of the insured vehicle is at fault. This includes compensation for material damage, medical expenses, loss of income and other losses.
• Minimum amount of coverage: Ukraine establishes a minimum amount of coverage for CMTPL, which determines the maximum amount for which the insurer will be liable for the damage caused. Currently, the minimum amount of coverage in Ukraine is UAH 500,000.
• Choosing an insurer: Car owners have the right to choose the insurance company that provides the MTPL policy. There are several insurance companies on the market that offer MTPL policies, and car owners can compare offers and choose the most favorable one for them.
• Policy validity: An MTPL policy usually has a limited validity period, after which it must be renewed or a new policy must be taken out.

It is important to have a valid MTPL policy, as it is a mandatory requirement in many countries. A CMTPL policy provides financial protection to the car owner in the event of an insured event and also provides compensation to the victims. Contact your insurance company to get detailed information about the MTPL policy and the requirements for obtaining it and its coverage.

The Europrotocol is a special unified form used in the event of a road traffic accident, when drivers can fill out a report of an accident at the scene of the accident. This form is provided to the insurance company and becomes the basis for paying insurance compensation to the injured party. The Europrotocol is intended for minor road accidents where there is no property damage, injury or loss of human life.

In Ukraine, the fine for not having an MTPL policy (compulsory motor third party liability insurance) can range from UAH 425 to UAH 850. The exact amount of the fine will depend on the specific circumstances and is determined by Article 126 of the Code of Ukraine on Administrative Offenses. It is important to note that driving a vehicle without an MTPL policy is a violation of Ukrainian law and entails administrative liability.

You can check the validity of your electronic MTPL on the website of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) at https://mtibu.kiev.ua/. Go to the "CHECK POLICY" tab, enter the vehicle registration number and check the validity of the policy. Another way to check the validity of an electronic MTPL policy is to go to https://policy-web.mtsbu.ua/, where you can enter the policy number or license plate of your car.