Product Description
Mandatory Auto Civil Liability Insurance for vehicle-caused damages (RCA) is a legally required insurance contract in the Republic of Moldova. Certified through an RCA policy issued by a licensed insurer, the policy ensures that the insurer compensates damages caused by a vehicle accident occurring during the validity period of the contract, in exchange for the insurance premium paid by the policyholder.
Object of Insurance
The object of RCA insurance is the civil liability of the vehicle owner and/or user for damages caused to third parties as a result of a vehicle accident. This includes material damages and bodily injuries within the territorial and liability limits set by the policy.
Insured Risks
If the insured event occurs during the policy's validity, the RCA policy covers:
- Bodily injuries or death, including moral damages.
- Material damages, including:
- Vehicle deregistration costs;
- Expenses for damage mitigation.
- Repair costs for the damaged vehicle.
- Court expenses incurred by the injured party during civil proceedings.
- Towing costs for a single removal of the damaged vehicle.
Insurance Period
The standard RCA contract is valid for 12 months, with the following exceptions:
- Temporarily registered vehicles or vehicles for testing: minimum 30 days and maximum 12 months.
- Vehicles registered abroad: adjustable periods depending on specific requirements.
Liability Limits
- Material damages:
- 100,000 EUR per incident.
- Bodily injuries and death:
- 100,000 EUR for one person;
- 500,000 EUR for multiple persons.
- Material damages under amicable settlement:
- 15,000 MDL.
- Moral damages:
- 5,000 EUR for one person;
- 10,000 EUR for multiple persons.
Compensation for moral damages is proportional to the liability limit as follows:
- 100% in case of death;
- 90% for severe disability;
- 60% for significant disability;
- 30% for moderate disability.
Insurance Premium Calculation
The insurance premium is calculated based on:
- Base premium: Set by the supervisory authority.
- Risk criteria: Driver’s age, experience, and accident history.
- Bonus-malus coefficient: Adjusts the premium based on the policyholder's claims history.
Tariffs are standardized across all insurers in the Republic of Moldova.
Territorial Coverage
The RCA policy is valid exclusively within the territory of the Republic of Moldova.
Benefits of Choosing the Right RCA Policy
- Compliance with the Republic of Moldova's legal requirements.
- Extended coverage for material damages, bodily injuries, and moral damages.
- Simplified policy issuance and claims process.
- Quick compensation of damages, minimizing financial impact on those involved.
For more information, please contact us at: tel:+373 (22) 26 44 44.