Motor Third Party Liability Insurance (MTPL) ensures that damage to third party health and property caused by an accident for which driver and/or owner of the car were responsible is covered.
Compulsory MTPL Insurance is a financial protection system built to prevent any grievance that third parties could face, due to lack of solvency of first party who caused bodily injury or property damage following any event related to a car accident.
All vehicles used in the territory of the Republic of Lithuania must be covered by compulsory motor third party liability insurance. A vehicle normally based in the territory of the Republic of Lithuania must be covered by motor third party liability insurance as long as the vehicle is registered.
The minimum sum insured under compulsory insurance in the Republic of Lithuania, whatever the number of injured third parties is 5.000.000 euros for personal injury (including non-pecuniary damage) and 1.000.000 euros for damage to property.
Different insurance companies calculate the annual MTPL price depending on various factors – contact us to get the best proposal!
LAW ON COMPULSORY INSURANCE AGAINST CIVIL LIABILITY IN RESPECT OF THE USE OF MOTOR VEHICLES: https://www.cab.lt/web/en/law-on-compulsory-insurance