Compulsory motor third party liability insurance
Compulsory Motor Third Party Liability Insurance – this type of insurance provides accident caused the damages to third persons and their property. All vehicles registered in the Republic of Lithuania must be insured it Compulsory Motor Third Party Liability Insurance.
- Compulsory Motor Third Party Liability Insurance amount for a single accident in the territory of the Republic of Lithuania, irrespective of the number of injured third persons, are 5,000,000 Euros for personal injury (including 5,000 Euros for none-pecuniary damage) and 1 million Euros for damage to property since 2012 11 June.
Term of the contract
Compulsory motor third party liability insurance contract is valid across the European Union, the European Economic Area countries and Switzerland. In addition, the green card issued to provide insurance coverage in other Green Card system countries. The insurance contract period is 12 months.