How many pay around the world for liability insurance?

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Some countries offer interesting solutions to the problem of non-performing leaders.

The financial crisis has affected the budget of many households, coupled with gradual increases in liability insurance. These two factors resulted in an increase in the percentage of non-regular drivers who drive without a mandatory policy. A similar trend is observed not only at home – growing unemployment from overseas car owners tempted to break the rules.

In some countries, however, the issue of mandatory policy is radically solved as users might lose free choice of insurer, but in contrast, it is impossible for them to save your payments. Indeed, although in most countries liability insurance is mandatory from that point forward rules, coverage, and prices vary widely. General global trend, however, is the increase of unit amounts of claims. It turns out that this is not necessarily bad news – according to the 1994 study, higher costs in the event of an accident leading to a significant reduction in the number of crashes.

One of the countries in which car owners can not even seek to save costs “liability” is Australia.

There insurance issued by the Commission in road accidents is included in the registration fee for cars. Slightly different is the law in New South Wales, where users can choose between seven approved insurer. “Green sheet” as some policy because of the color of the pages that have been printed, it is mandatory to be considered legal vehicle. The Queensland car owners also purchase “civil liability” of the free market, even though the cost of insurance is determined within narrow limits by the government. All these schemes, however, apply only to cover the damages to life or health of others. For physical damage coverage drivers have to rely on a separate policy, which may include risks such as fire, theft, etc..
In Canada,

Seven provinces (British Columbia, Saskatchewan, Manitoba and Quebec) provide a public auto insurance system while consumers in the rest of the country rely on private companies. In all provinces, however, is mandatory basic auto insurance, each regional government to decide the minimum levels of coverage of the damage and what conditions can rely on people purchasing additional coverage.

“Life and disability” for drivers is also mandatory in all provinces except Newfoundland and Labrador.
In “Civil Liability”, although it is mandatory everywhere, there are some differences in policy terms. As in other countries, and in Canada the damage to the car driver is usually not covered. The only exception is the province of Saskatchewan.

In Germany, the liability insurance

is mandatory in all federal states since 1939 to purchase this and all other car insurance, drivers rely on several private companies. The amount of coverage depends on several factors, including geographic region, type of vehicle and the road behavior and admitting past violations.

In Civil liability for Hungary is also mandatory

as in all EU countries. The insurance covers all damage up to about 1.8 million. In case of injury or death, benefits can reach about 4.5 million. ‘Liability Insurance “bought the single market as well as those from other countries that are not members of the European Union, but which are bilateral and multilateral agreements are valid in Hungary. Guests of the country not covered by such agreements are required to buy a monthly, renewable policy at border crossings.

In Romania, the law requires all drivers

have Raspundere Auto Civila; – the equivalent of a “liability”.

In South Africa

Percentage of revenue from the sale of gasoline imported to the Fund for accidents that compensates third parties injured in accidents.

In Britain Since 1930, the law requires anyone

it uses vehicles have insurance covering damage to the life or health of others. Today the exact rules are defined by the Law on Road Traffic of 1988, last modified in 1991 Legislation requires all drivers to have insurance or to pay a deposit (500 thousand pounds since 1991) to the main accounting Supreme Court. This covers damage to third parties (including passengers) and any property damage caused by the use of a vehicle on public roads or other public spaces.

Policies with a minimum level of coverage to satisfy legal requirements to sell rare and unlike commonly available products are limit damage from just 1 million pounds.

Typical of the United Kingdom is the condition that while insurance covering injuries to third parties is binding on public roads, it is not required on private land. An exception is made for certain vehicles owned by local authorities, foresters, educational institutions, police, fire, ambulance, security guards and others.

Victims of accidents caused by drivers without a valid policy or unknown persons shall be indemnified by the Bureau of auto-insurance (Motor Insurers’ Bureau). This service results in a database, which is stored details of all insured vehicles in the country.

In the U.S. liability insurance

is mandatory in most states, although specific terms may vary in different regions. In Virginia, for example, drivers are required to pay local governments $ 500 annual fee if you decide not to pay for a regular policy. Penalties for driving without insurance vary widely across states, but usually include heavy fines, temporary or permanent withdrawal of the book, and in some places – even imprisonment. In some states, such as North Carolina, authorities require liability to be concluded before the license is issued.
Project Manager Arizona Department of Transport Research John Simmons even offers innovative idea – the registration numbers of vehicles to include the name of the insurer. The idea is that the validity of the numbers coming out at the end of the policy period, and so the authorities can easily detect irregular drivers.

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