– The amendments to the Law on Compulsory Third Party Liability Insurance of Owners of Motor Vehicles accepted by the Government and stipulating that MTPL insurance policies should be taken out also by owners of mopeds, are reasonable and necessary, – says Mrs. Anita Veinberga, a member of the Board of Directors and Development Department Director of the JSIC “Seesam Latvia”, and adds that those amendments would not only contribute to harmonization of the insurance system but also be fair to all those traffic participants, who have entered into MTPL insurance contracts until now. Mrs. A. Veinberga believes that the amendments will be supported by the Parliament and enter into statutory force.
So far, it was not mandatory for owners of mopeds to enter into third party liability insurance (TPL) contracts. The owners of mopeds could enter into TPL contracts with insurers on voluntary basis; however, this option was selected only by few moped owners – from more than 19,000 mopeds that are registered in
Mr. Pēteris Lečmanis, Head of the Motor Transport Insurance Products Group of the Joint Stock Insurance Company „Seesam
– If a moped is participating in the traffic on public roads, the requirement to purchase a MTPL insurance policy is reasonable because a moped is exactly the same traffic participant as the others. Also a moped may be involved in a traffic accident causing damage not only to the moped itself but also to the others. If, for example, a moped owner causes a traffic accident resulting in any damage and if the moped owner has no third party liability insurance policy, the party, who has suffered the damage, enters into an unenviable situation if the moped owner refuses or is unable to cover losses. Especially those, who use moped in intense city traffic, must think about it because they face a higher risk of accidents. This is the reason why there are slight differences between the moped policy prices, depending on whether the moped would be used, for example, in
Since the number of moped owners who have taken out an insurance policy has been very small, also the number of claims relating to accidents has been small. The average indemnity amount during the past two years has been about
The Road Traffic Law defines that a moped is a two wheel, three wheel or four wheel vehicle, the engine’s cylinder capacity of which does not exceed 50 cubic centimetres (for engines of the spark ignition type) or the maximum net power of which does not exceed 4 kW (for electric motors or other type internal combustion engines) and the maximum designed speed of which is not more than 45 kilometres per hour.
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