Motor Vehicle Liability Insurance is mandatory. This means that anyone registering a motor vehicle in Poland is required to obtain such a policy. Motor vehicles include:
- automobile,
- tractor,
- moped,
- trailer, as well as
- slow-moving vehicle.
Overall, this insurance protects the owner or driver of a vehicle from the financial consequences of damages caused to third parties. The insurer compensates the injured party on behalf of the vehicle owner. On one hand, the insurance safeguards the liable party’s assets, while on the other, it guarantees the injured party’s claims are satisfied.
The principles for concluding and executing Motor Vehicle Liability Insurance agreements are governed by the Act of May 22, 2003, on Compulsory Insurance, the Insurance Guarantee Fund, and the Polish Motor Insurers’ Bureau [PBUK] (Dz.U. z 2003 r., Nr 124, poz. 1152 z późn. zm.).
