When crossing the border of his country by car or motorcycle, the driver must provide the Green Card insurance policy. This is a liability insurance contract for a person driving a vehicle to third parties that may suffer as a result of an emergency on the road.
Appearance story
A Green Card agreement for a car is the same type of insurance as compulsory motor liability insurance, with the only difference being that the policy is valid in countries that have signed a mutual agreement on the recognition of these agreements.
In post-war 1949, the United Nations proposed the creation of an international transport bureau with a head office in London. Over the next two years, each European state created a national transport bureau. And already in 1951, at the first meeting of representatives of all the bureaus, general rules for cooperation in the field of transport insurance were developed.
Two years later, the agreement on the Green Card insurance system came into force. For 65 years, participating States have recognized the validity of the policy on their territory. Russia entered this international system in January 2009, creating the Russian Bureau.
Who should buy the policy
The international agreement is valid in the countries that participate in the Green Card international automobile insurance system. It can be purchased only in those organizations that are full members of the national bureau.
The Green Card policy for a car can also be bought from insurers who have entered into agency contracts and have a power of attorney to sell this insurance product. It should be noted that members of the bureau pay monthly contributions for participation in this system. While trusted insurance companies or brokers do not make contributions to funds. For each contract concluded, intermediaries receive an agency fee.
Amount of financial security
The amount of insurance coverage depends on the country where the car owner is going. Each state has its own limits on liability for property risks and for the life and health of victims. There are states where property is valued at 730 euros (Iran), and there are countries where the bill goes to millions.
So, in Belgium, all affected vehicles are insured for 100 million euros, in Andorra - 50 million euros. In Israel there is no compulsory liability insurance for owners, therefore, according to the Green Card, the culprit will not be liable for damaged cars. At the same time, there is no limit on the sum insured for the life and health of affected people in Israel. In Luxembourg and Tunisia for damaged cars there is no approved limit of insurance liability.
The same diverse situation regarding the financial support of life and health of victims in a road traffic event. The minimum amount for all victims in Belarus. In this state, the amount of insurance liability is 30 thousand euros.
The largest approved Green Card insurance amounts were determined in Andorra - 50 million euros, Spain - 70 million euros. At the same time, there are countries where there is no limit on overall responsibility for all affected people, but there are limits on each person. And if in Russia this amount is equivalent to 4 thousand euros (282 thousand rubles), then in the Czech Republic this amount is 1 million 319 thousand euros.
Insurance payment and validity
The size of the premium for international insurance varies depending on the situation in the foreign exchange market and emergency statistics. The price of the "Green Card" can both increase and fall. The validity period of the insurance contract is determined by the insured himself, but cannot be less than fifteen days and more than one year. Rates are determined for all insurance companies in the same amount. The final price of the Green Card insurance contract is calculated taking into account the type of car and the length of stay abroad.
The price is also affected by the type of contract. If the policy states: Azerbaijan, Ukraine, Belarus, Moldova, then under such agreements the price is much lower than the agreement for all European countries. For example, for all European countries for 15 days insurance for a car costs 2320 rubles. And if you draw up an insurance policy only for the four above countries, then the cost is 790 rubles.
When buying a Green Card agreement for a car, take an interest in having a license or a power of attorney from an insurance company so as not to purchase fake insurance.