Armeec Insurance Joint Stock Company AD
Armeec
Armeec is a motor third-party liability insurance for the Bulgaria market with online purchase and 24/7 assistance.
Direct payment
The insurer pays compensation directly to the injured third party without requiring advance payment from the insured. Claims are settled directly between the insurer and injured parties in accordance with the Insurance Code and Ordinance No. 49.
Geographic scope
Bulgaria and Green Card member states
Republic of Bulgaria, all EU member states, Green Card system member countries (Norway, Iceland, Liechtenstein, Switzerland, Serbia, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Turkey, Russia, Moldova, Ukraine, Belarus, Morocco, Tunisia, Israel, Iran), and third countries under the multilateral agreement
Unique selling points
- Green Card certificate issued free of charge with every policy and delivered by courier within 3 days, covering 46 Green Card member countries including non-EU destinations such as Turkey, Morocco and Israel.
- Online purchase available 24/7 through armeec.bg for individual customers with vehicles registered in Bulgaria, with instant policy issuance and payment by bank card or ePay.
- Nationwide network of 54 branch offices and over 700 broker and agent points across Bulgaria for in-person service.
- Direct claims payment to injured third parties without requiring advance payment from the policyholder, in accordance with the Bulgarian Insurance Code and Ordinance No. 49.
- Part of the Chimimport Group, one of Bulgaria's largest financial holding groups, providing strong financial backing and reinsurance with top-tier reinsurers.
Coverage limits
Legal Defence and Claim Costs
Covered
Covers reasonable costs incurred in connection with presenting a claim, including court costs awarded against the insured and default interest where the insured is liable. Covered within the overall liability limit; no separate sub-limit stated.
Green Card Certificate
Covered
International motor insurance certificate issued with every MTPL policy at no additional charge under the Insurance Code in force since 01.01.2016. Delivered by courier together with the policy within 3 days of issuance at the insurer's expense. Provides proof of valid insurance coverage in all Green Card member countries and EU/EEA states.
Roadside Assistance (Travel Assistance)
Optional
Roadside assistance (Pomosht pri patuvane) is not included in the base MTPL policy. It is available as a separate voluntary add-on that can be combined with the MTPL policy, providing protection in case of vehicle breakdown and emergency situations.
Driver Accident Coverage
Excluded
Explicitly excluded. The MTPL policy does not cover damages suffered by the at-fault driver of the motor vehicle.
Passenger Accident Coverage
Covered
Passengers are covered as third parties under the bodily injury liability. There is no separate dedicated passenger accident sub-limit; passenger bodily injury claims fall under the general bodily injury limit.
Key conditions
Territorial scope
Coverage applies in Bulgaria (per Bulgarian law), all EU member states (per respective national law), third countries whose national insurers bureau is a party to the multilateral agreement (per their national law), and all Green Card system member countries including Norway, Iceland, Liechtenstein, Switzerland, Serbia, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Turkey, Russia, Moldova, Ukraine, Belarus, Morocco, Tunisia, Israel and Iran.
Green card rules
The Green Card certificate is issued together with each MTPL policy at no additional charge as required by the Insurance Code in force since 01.01.2016. The certificate is mandatory when travelling in Albania, Bosnia and Herzegovina, Belarus, Israel, Iran, North Macedonia, Moldova, Morocco, Russia, Tunisia, Turkey, Ukraine and Montenegro. It serves as international proof of insurance coverage in all Green Card member states.
Driver restrictions
Online purchase through the Armeec website is restricted to natural persons acting outside commercial or professional activity, who are registered website users, and whose vehicle is registered in Bulgaria and not immobilized, and owned by a natural person. Legal entities, fleet operators, and vehicles not registered in Bulgaria must purchase through an insurer office or insurance intermediary.
Claim notification deadline
The insured must notify the insurer within 7 working days of becoming aware of an insurance event. At an accident scene the insured must immediately notify the competent road traffic control authorities where required by law, must not leave the scene until their arrival except where emergency medical treatment is needed, and must not consume alcohol or narcotics until their arrival. The insured must provide the injured party with the data needed to file a claim.
Bonus-malus rules
Bulgaria introduced a bonus-malus system for MTPL from February 2026 under amendments to the Insurance Code implementing EU Directive 2021/2118. Each insurer publishes its own methodology. Premiums are adjusted based on the insured driver's claims history: careful drivers with no caused accidents receive a discount (bonus); drivers who have caused accidents pay a higher premium (malus).
Policy specifics
Green Card Certificate
International motor insurance certificate issued with every MTPL policy for travel in Green Card member states
Claim Settlement Costs
Coverage for reasonable costs incurred in presenting claims, including court costs awarded against the insured
Direct Payment to Injured Party
Insurer pays compensation directly to injured third parties without requiring advance payment from insured
Mandatory Minimum Liability Limits
Fixed minimum insurance amounts required by Bulgarian Insurance Code for bodily injury/death and property damage
Standard Policy Period
Standard MTPL policy duration is one calendar year from inception date
Territorial Coverage Scope
Coverage applies in Bulgaria, EU member states, Green Card member countries, and third countries under bilateral agreements