Asset Insurance Motor third-party liability (Mtpl Standard)

Network of 40+ offices across Bulgaria for in-person policy issuance and claims support.

Green Card certificate issued automatically at no extra charge with every MTPL policy.

Optional territorial extension to Green Card third countries beyond the standard EU/EEA/Andorra/Serbia/Switzerland scope.

Combined MTPL and Casco bundle available via Asset Insurance's own website for customers seeking comprehensive vehicle protection from a single insurer.

Driver restrictions

The insurance covers the civil liability of the insured natural and legal persons for property and non-property damages caused to third parties in connection with the ownership and/or use of the motor vehicle, for which the insured are liable under Bulgarian legislation or the legislation of the country where the damage occurred.

Section: ОБЕКТ НА ЗАСТРАХОВКАТА

Обект на застраховане по задължителна застраховка “Гражданска отговорност” на автомобилистите е гражданската отговорност на застрахованите физически и юридически лица за причинените от тях на трети лица имуществени и неимуществени вреди.

Claim notification deadline

Asset Insurance's internal claims rules require the claimant to notify the company of an insured event per the deadlines set out in the applicable General Conditions or statutory provisions, without stating a specific number of days in the rules themselves; notification can be made via the 24/7 phone line or at a company office. Separately, the insurer's final decision on an MTPL claim (payment or reasoned refusal) may not take longer than three months from the date the claim is presented to the insurer or its claims-settlement representative.

Section: ЧАСТ ВТОРА > ОБЩИ ПРАВИЛА НА ДЕЙНОСТТА ПО УРЕЖДАНЕ НА ПРЕТЕНЦИИ

Срокът за окончателно произнасяне по претенция по задължителна застраховка “Гражданска отговорност” на автомобилистите не може да бъде по-дълъг от три месеца от нейното предявяване пред Застрахователя.

Bonus-malus rules

The Insurance Code amendment in force from 1 August 2025 introduced the legal basis for a bonus-malus premium-adjustment system for MTPL. The implementing Ordinance No. 54 entered into force on 25 August 2026. Practical, operational application of the system is expected around February 2027, according to the Deputy Chair of the Financial Supervision Commission. Each insurer will independently set its own rules for adjusting premiums based on claims history drawn from the centralised Guarantee Fund register.

The bonus-malus system for third-party liability motor insurance is expected to become operational in February 2027, Financial Supervision Commission (FSC) Deputy Chair Plamen Danailov said.

Territorial scope

Republic of Bulgaria, all EU and EEA member states, Andorra, Serbia, and Switzerland as standard; optional extension to third countries party to the Green Card international agreement upon payment of additional premium.