Automotive insurance accounts for the highest share of the non-life insurance market in Bulgaria.
Motor Third Party Liability (MTPL) insurance
The compulsory MTPL insurance covers the liability claims of owners, users, holders and drivers of motor vehicles for property damages and bodily injuries caused to third parties and ensuing from possession or use of the motor vehicles.
Auto Property Damage
The voluntary Auto Property Damage insurance provides cover to all types of land vehicles with an engine and their trailers and semi-trailers.
Passenger’s Accident Insurance
The Passenger’s Accident Insurance may be compulsory or voluntary.
The compulsory Passenger’s Accident in Public Transport Insurance applies only to public transportation vehicles, such as railway vehicles, buses, sea and river craft, airplanes, etc. It provides insurance coverage only to passengers, not the driver.
The insurance is not applicable if the operator is not licensed for passenger transportation. In this case, a voluntary Road Transport Accident Insurance package is offered, which may provide insurance protection to the driver of the vehicle as well.