Insurance against damage caused while operating a motor vehicle
At the present time liability insurance covering liability for damage caused while operating a vehicle comes in the form of contractual compulsory insurance. The main aim of this insurance is to protect the injured in a traffic accident. The insured has the right for the insurer to repair damage, for which he is liable in accordance with the operation of a motor vehicle. Insurance is related to damage caused by the motor vehicle specified in the contract. Mainly the following are covered:
- Injuries to health or death
- Damages arising from damage, destruction or loss of property
- Damage having the character of lost profit
- Reasonable costs connected with legal representation
Legal amendments contain the minimum limits of insurers’ benefits. For injury to health or death, the legal limit is 35 million CZK, and for damage to property it is 18 million CZK. Most insurers however also offer higher limits of benefits.
