Compulsory Third Party Liability for Automobile

A. Subject matter insured
– Civil liability of motorbike and motorbike owners towards third parties liability subject to provisions of law.
– Driver, person being transported in the vehicle.
B. Coverage
1. Compulsory third party liability insurance
HD Insurance shall compensate for non-contractual damages to health, life and property to third parties caused by motorbikes and autobikes while they are in traffic.
2. Accident insurance for Driver, Assistant Driver and Passengers in the vehicle
Bodily injury to the insured person due to an accident while in the vehicle, getting in and out of the vehicle while the vehicle is in traffic.
C. Exclusions
Insurance exclusions for compulsory third party liability insurance:
HD Insurance shall not be hold responsible for compensation in the following cases:
a) Intentional act causing damage by vehicle owner, driver or person suffering damage.
b) The driver who caused the accident intentionally fled without fulfilling the civil liability of the vehicle owner. In case the driver causing an accident intentionally flees but has fulfilled the civil liability of vehicle owner, it shall not be subject to this exclusion.
c) The driver does not meet the age requirements as prescribed by the Road Traffic Law; the driver does not have a driver’s license or uses an invalid driver’s license according to the provisions of law on training, testing, issuance of road vehicle driving licenses, the driver’s license is erased or using an expired driver’s license at the time of the accident or using an inappropriate driver’s license for a vehicle that requires a driver’s license. In case the driver is deprived of the right to use a valid driving license or has his driving license revoked, he is considered not to have a driving license.
d) Indirect or consequencial damages includes: reduction in commercial value, damage associated with the use and exploitation of damaged property.
đ) Damage to property caused by a driver operating a vehicle with an alcohol concentration in his blood or breath exceeding the normal value according to the instructions of the Ministry of Health; Using drugs and stimulants is prohibited by law.
e) Damage to property stolen or robbed in an accident.
g) Damage to special property including: gold, silver, precious stones, valuable papers such as money, antiques, rare pictures, corpses and remains.
h) Damage caused by war, terrorism, earthquake.
Exclusions for voluntary insurance: please prefer details at HD Insurance’s Voluntary Vehicle Insurance Wordings.