Asset Insurance
Asset Insurance is a motor third-party liability insurance for the Bulgaria market with no online purchase and 24/7 assistance.
Direct payment
The insurer pays compensation directly to the injured third party for property and non-property damages caused by the insured vehicle, in accordance with Bulgarian legislation or the legislation of the country in which the damage occurred.
Geographic scope
Bulgaria
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.
Unique selling points
- 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 for customers seeking comprehensive vehicle protection from a single insurer.
Coverage limits
Bodily Injury Liability
Covered
Covers non-property and property damages resulting from bodily injury or death of third parties per event, regardless of the number of injured persons, as prescribed by Art. 492 of the Bulgarian Insurance Code following euro adoption in 2026.
Property Damage Liability
Covered
Covers damages to third-party property per event, regardless of the number of damaged parties, as prescribed by Art. 492 of the Bulgarian Insurance Code following euro adoption in 2026.
Legal Defence / Court Costs
Covered
Within the bounds of the insurance coverage, the insurer covers costs of proceedings brought against the insured to establish civil liability, including court costs awarded against the insured.
Green Card Certificate
Covered
International certificate confirming valid MTPL insurance coverage, issued at no additional cost upon conclusion of the policy. Covers liability in all EU/EEA countries, Andorra, Serbia, Switzerland, and other Green Card member states.
Roadside Assistance
Not offered
Not included in the MTPL policy. Asset Insurance offers a separate 'Accident of the driver and passengers in a motor vehicle' product; roadside assistance is not part of the compulsory MTPL cover.
Driver Accident Insurance
Not offered
Not included in the MTPL policy. Asset Insurance sells 'Злополука на водача и местата в МПС' as a standalone separate product, not as part of the compulsory MTPL cover.
Passenger Accident Insurance
Not offered
Not included in the MTPL policy. Asset Insurance sells passenger accident cover as a separate standalone product ('Злополука на водача и местата в МПС'), not bundled with the compulsory MTPL.
Key conditions
Territorial scope
The policy covers liability for damages caused on the territory of the Republic of Bulgaria, all EU and EEA member states, the Principality of Andorra, the Republic of Serbia, and the Swiss Confederation. An optional extension to third countries that are members of the Green Card international agreement is available upon payment of an additional premium. The policy is valid exclusively for motor vehicles with valid Bulgarian registration plates.
Green card rules
A Green Card certificate is issued together with the MTPL policy at no additional charge. The certificate is an international proof of valid motor third-party liability insurance and covers the driver's liability in Green Card member countries. Territorial coverage can be extended to additional Green Card member states not already covered under the standard policy upon payment of an additional premium.
Driver restrictions
The insurance covers the liability of the owner, user, and keeper of the motor vehicle, as well as any person who drives or uses the vehicle with the owner's consent, in accordance with Bulgarian insurance legislation.
Claim notification deadline
Claims procedures are governed by Ordinance No. 49 on compulsory insurance and the Bulgarian Insurance Code. The injured party must submit documentation evidencing the occurrence of the insured event. Specific notification deadlines are set by internal claims rules and applicable regulations.
Bonus-malus rules
From February 2026, a bonus-malus system is in effect under the Insurance Code amendment of 1 August 2025. Each insurer independently calculates premium adjustments based on the policyholder's individual claims history drawn from the centralised Guarantee Fund register. Drivers with fewer claims pay lower premiums; drivers with accident history face surcharges.
Policy specifics
Green Card Certificate
International certificate proving valid Motor Third Party Liability coverage for travel within EU/EEA member states and countries party to the Green Card international agreement
Territorial Coverage Expansion
Coverage can be extended to third countries that are members of the Green Card international agreement upon payment of an additional premium
Valid Bulgarian Registration Required
Insurance contract applies only to motor vehicles with valid Bulgarian registration plates
Sources
- https://assetins.bg/zastrahovki/grajdanska-otgovornost-na-avtomobil/
- https://assetins.bg/zastrahovki/kalkulator-grajdanska-otgovornost/
- https://assetins.bg/zastraховki/grajdanska-otgovornost-na-avtomobil/
- https://www.novinite.com/articles/229669/Bulgaria+Raises+Liability+Limits+for+Motor+Insurance+with+Euro+Adoption