Motor vehicle liability insurance

By | September 10, 2021

What is motor vehicle liability insurance?

Anyone who takes to the streets by car, motorcycle, quad, moped, bus or tractor must insure their vehicle. Because without the motor vehicle liability insurance, no motorized vehicle may be on the road – that’s what the legislator has stipulated.

The motor vehicle liability insurance compensates the accident victims including the passengers of the accident driver up to the agreed minimum insured sum.

Other optional vehicle insurances offer additional security, for example, they cover the costs of safe return home after a breakdown or an accident abroad. Comprehensive insurance is important for many motorists because it pays for damage to their own vehicle.

These are the benefits of a motor vehicle liability insurance

Motor vehicle liability insurance is compulsory. It compensates the accident victims. Among other things, she pays for the consequences of:

Damage to someone else’s vehicle, for example:

  • Repair costs
  • Towing costs
  • Appraisal costs
  • Loss of use
  • Rental car costs
  • Depreciation
  • Replacement value in the event of a total loss
  • Registration and deregistration costs
  • Legal fees

further property damage, e.g. B .:

  • Damage to buildings
  • Transport facilities

Personal injury, e.g. B .:

  • Treatment costs
  • loss of earnings
  • personal injury compensation
  • pension
  • Funeral expenses
  • Survivor benefit

Fending off unfounded claims

The motor vehicle liability insurance examines the accident victim’s claims for damages. If these are unjustified, she fends them off – at her own expense. If the claims for damages are justified, the insurer pays the damages in cash. By the way: Not only the injured party himself has claims to the motor vehicle liability insurance. Health insurance, statutory accident and pension insurance and employers also get their expenses back from motor vehicle liability insurance.

How much does motor vehicle liability pay?

The statutory minimum sum insured specifies the amount up to which the insurer has to cover the costs of damage.

  • 7.5 million euros for personal injury
  • up to 1,220,000 euros for property damage
  • 50,000 euros for purely financial losses

As a rule, however, the insurance companies offer significantly higher insurance sums (coverage sums), for example up to 100 million euros.

Worth knowing: buying a car

If it crashes during the test drive

Of course, a test drive is part of the purchase decision. The situation in the event of an accident differs depending on whether you buy your car from a dealer or from a private person.

Caution: The motor vehicle liability insurance is initially only valid for the time being

If drivers do not pay their insurance premiums on time, the insurance cover can be lost retrospectively and the vehicle will be officially decommissioned. When buying from a private provider, the vehicle is often still registered. With the vehicle, the buyer initially also takes on its motor vehicle liability insurance. It will remain in effect until the new owner re-registers.