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OCTA conditions
Pursuant to the amendments to the OCTA Law of 1 December, 2009, the liability limits are as follows:
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for reimbursement of damages caused to a person – up to the equivalent of 2 500 000 euro in lats (including up to 1 000 LVL for non-material damage caused to a person), irrespective of the number of persons affected by the accident;
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for reimbursement of damages caused to property – up to the equivalent of 500 000 euro in lats, irrespective of the number of third parties.
This means that if you cause damage to a third part or property thereof, all losses will be compensated by BTA – your insurance company.
As of 1 May, 2004 the validity territory of OCTA insurance contracts (policies) was expanded: now OCTA standard contract is valid not only in Latvia, but in all European Economic Zone countries, i.e. Lithuania, Estonia, Andorra, Austria, Belgium, Cyprus, the Czech Republic, Germany, Denmark, Spain, France, Finland, the United Kingdom of Great Britain and Northern Ireland, Greece, Hungary, Italy and Ireland, Iceland, Luxemburg, Malta, Norway, the Netherlands, Portugal, Poland, Sweden, Slovakia, Slovenia, Switzerland, Croatia, Romania (as of 1 August, 2007) and Bulgaria (as of 1 August, 2007).
Hence, visiting any of the abovementioned countries does not require additional Compulsory Third Party Liability Insurance policies.
BTA offers OCTA insurance discounts to customers who do not intend to leave the territory of Latvia within the validity period of the policy.
Additionally, BTA adds bonuses for claim-free insurance periods.
Starting from May 1, 2004:
- the following Standard agreement policy validity periods may be chosen: 3 months, 6 months, 9 months and 1 year,
- border agreement policy validity period may be chosen from 1 month to 1 year,
- the available durations of the Green Card are: 15 days or 1 - 12 months.
Standard agreement is applicable to vehicles that are registered in Latvia.
Border agreement is applicable to vehicles that are registered in countries, that are not the EEC countries, and whose Compulsory Third Party Liability policy is not valid in Latvia.
The International Insurance Certificate (Green Card) is an insurance certificate issued for vehicles driven in Green Card system member states. The Green Card is issued for vehicles registered in Latvia.
BTA also offers a Green Card certificate with enlarged territory of activity:
- Russian Federation, Ukraine and Belarus
- all Green Card system member states
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