Object of Insurance
ACORD GRUP SA covers individuals or legal entities owning vehicles registered in the Republic of Moldova for cases of civil liability towards third parties injured in vehicle accidents occurring in the territories of member states of the Green Card international system.
Insured Risks
ACORD GRUP provides compensation for damages caused by vehicle accidents within the territorial limits of coverage, in accordance with the legislation in force in the country where the accident occurred.
Compensation is provided for:
- Material damages;
- Legal expenses incurred by the injured party;
- Bodily injury or death, including non-material damages.
Territorial Scope of Insurance
The insurance is valid only within the territories of the member states of the Green Card international system, whose unmarked initials are found in the Green Card insurance document.
Period of Coverage
The insurance can be concluded for periods ranging from 15 days to 12 months.
The liability of ACORD GRUP SA begins when the vehicle leaves the territory of the Republic of Moldova and ends when it re-enters the territory of the Republic of Moldova, provided this period falls within the dates specified in the Green Card insurance policy.
Conclusion of Insurance
The insurance is considered concluded upon the issuance of the Green Card insurance policy and the collection of the insurance premium.
Insurer’s Liability
In case of damages caused by vehicle accidents, compensation is granted in accordance with the legislation in force in the country where the vehicle accident occurred and up to the maximum level of compensation provided by the respective legislation.