Insurance

22.03.2016. 17:28

Compulsory Motor Owners TPL Insurance (OCTA)

According to the legislation of the Republic of Latvia, Motor Owners Third Party Liability Insurance (OCTA) is compulsory. No exceptions are made for members of Diplomatic Missions.

The Insurance policy can be arranged via insurance agent or insurance company.

KASKO

In case of accident insurance indemnity depends on the risk coverage included in the insurance policy. In this respect the Ministry recommends KASKO, known also as “Comprehensive Insurance”, as it covers damages (e.g. collision, vandalism, theft, fire, glass breakage, etc.) regardless of the reasons and the person responsible.

Additional information concerning insurance of motor vehicles is provided by:

Motor Insurers’ Bureau of Latvia

Address: Lomonosova iela 9, Riga, LV-1019

Phone: +371 6711 4300

Fax:+371 6711 4333

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Web page: http://www.ltab.lv