Compensations

The Guarantee Fund shall pay according to Art. 288 of the Insurance Code as follows:

The Guarantee Fund shall pay indemnities under Third Party Liability Insurance of Motorists:

  • For the material and non-material damages resulting from death and corporal injuries,where the road accident has occurred within the territory of the Republic of Bulgaria and has been caused by an unidentified motor vehicle;
  • For material and non-material damages resulting from death and corporal injuries and for damages inflicted to someone else’s property in the case where:
    • The insured event has occurred on the territory of the Republic of Bulgaria or of some other Member State and has been caused by a motor vehicle, which is normally based on the territory of the Republic of Bulgaria and the liable driver hasn’t got obligatory Third Party Liability Insurance of Motorists;
    • The road accident has occurred on the territory of the Republic of Bulgaria and has been caused by a motor vehicle, which has been dispatched in the Republic of Bulgaria from another Member State and has not been officially registered in the Republic of Bulgaria in the case where the event occurs within a period of thirty days as of the acceptance of the motor vehicle by the purchaser and the liable driver has not concluded Third Party Liability Insurance of Motorists;
    • The road accident has occurred on the territory of the Republic of Bulgaria and has been caused by a motor vehicle, which is normally based on the territory of a third country and the guilty driver has not concluded a border insurance or a Green Card Certificate;
    • The road accident has occurred on the territory of the Republic of Bulgaria or of some other Member State and has been caused by a motor vehicle, which is normally based on the territory of the Republic of Bulgaria and the possession over it has been taken away by theft, robbery or crime under Art. 346 of the Penal Code.

The Fund shall pay indemnities also under the obligatory Accident Insurance of passengers, if the carrier has had no insurance.

To the date of enforcement of the Agreement for Accession of the Republic of Bulgaria to the European Union, the Guarantee Fund shall insure effects to the territory of the Republic of Bulgaria.