IF P&C Insurance Ltd (publ), branch in Finland
If
If is a motor third-party liability insurance for the Finland market with online purchase and 24/7 assistance.
Direct payment
If handles compensation claims directly with claimants and pays approved bodily injury and property damage compensation to the injured party once the necessary claim documentation has been received.
Geographic scope
Finland
Valid in Finland, all EEA member states, and in Green Card agreement countries outside the EEA, except Azerbaijan, Iran, Kosovo, Northern Cyprus, Morocco, Tunisia, Turkey, Belarus, Russia and Nagorno-Karabakh.
Starting price
€25
Indicative — pricing assumptions not stated
Unique selling points
- MTPL bonus increases faster than any competitor in Finland, reaching a maximum of 80% with built-in bonus protection.
- Drivers at the 80% bonus level keep their bonus after a single claim within four years thanks to the automatic Loistokuski benefit.
- New MTPL policies start with a minimum 30% bonus and can reach the maximum 80% bonus in as little as five claim-free years.
- A second vehicle insured with If automatically receives the same bonus level as the customer's primary car.
- If's 24/7 helpline is included even with a standalone MTPL policy, and the policy can be purchased and the vehicle registered online in a single session.
Coverage limits
Bodily Injury Liability
unlimited
Compensates personal injuries caused by the use of the motor vehicle in traffic, with no maximum compensation limit.
Third-Party Property Damage Liability
€5,000,000
Compensates property damage caused to other parties by the insured vehicle, up to a maximum of EUR 5 million per claim per liable MTPL policy.
Legal Expenses Cover
Excluded
Legal expenses cover (Oikeusturva) is not part of the standalone MTPL policy; it is only available as part of full or partial casco cover.
Green Card / International Liability Cover
Covered
The MTPL policy acts as international liability cover on the basis of the Green Card in Green Card agreement countries outside the EEA, with compensation determined under the law of the country where the accident occurred.
Roadside Assistance / Towing
Excluded
Towing and travel-cost cover is not included in standalone MTPL; it is only available under full or partial casco. The 24/7 If helpline, however, is included even with MTPL only.
Driver's Own Bodily Injury
unlimited
Under Finnish MTPL law the driver's own bodily injuries in a traffic accident are covered together with those of all other parties involved, with no maximum compensation limit; this is the same unlimited statutory bodily-injury cover, not a separate fixed-sum benefit.
Passenger Bodily Injury
unlimited
Bodily injuries suffered by passengers of the insured vehicle in a traffic accident are compensated without a maximum limit, as part of the same unlimited statutory bodily-injury cover.
Key conditions
Territorial scope
The MTPL policy is valid in Finland and all EEA states, and applies as liability cover in Green Card agreement countries outside the EEA, but is not valid in Azerbaijan, Iran, Kosovo, Northern Cyprus, Morocco, Tunisia, Turkey, Belarus, Russia or Nagorno-Karabakh.
Green card rules
In Green Card countries outside the EEA, compensation for a traffic accident is determined according to the legislation of the country where the loss occurred, applying Green Card liability cover with or without a physical Green Card where one is not mandatory.
Driver restrictions
Premiums take into account driver age; policies with a driver under 24 years old can be repriced when this fact becomes known, and drivers aged 18-26 at policy inception may qualify for an accelerated bonus benefit (Nuoren Loistokuski) after four consecutive claim-free periods.
Claim notification deadline
The policyholder must notify If in writing without undue delay after becoming aware of a traffic accident that may lead to a compensation claim, using a claim report form where possible, and must file a police report in cases involving crime, malicious damage or bodily injury in traffic.
Bonus-malus rules
For policies starting on or after 20 May 2017, a new policy without prior claims history starts at a 30% bonus, rising 10 percentage points per claim-free period up to a maximum of 80%; after a claim, bonus falls by 10, 15 or 20 percentage points depending on the bonus level at the time of loss, down to a minimum of 0%.
Policy specifics
No Deductible for Motor Third Party Liability
Motor Third Party Liability Insurance contains no deductible for the insured party
SourceThird Party Bodily Injury Coverage
Covers personal injuries to other parties caused by the insured vehicle
SourceThird Party Property Damage Coverage
Covers property damage to other parties' vehicles and property caused by the insured vehicle
SourceBonus System
Motor Third Party Liability Insurance bonus ranges from minimum 30% for new policies up to 80% after 5 years without claims, with bonus protection coverage
SourceGeographical Validity
Coverage is valid in Finland, all EEA member states, and Green Card member states outside EEA
SourceImpaired Driving Restrictions
Compensation restrictions apply if driver's blood alcohol content is at least 1.2 per mille or 0.53 mg/L in breath, or if impaired by other intoxicants or combinations thereof
SourcePolicyholder Disclosure Obligation
Policyholder must provide accurate and complete answers to all questions material to the insurer's risk assessment before policy issuance
SourceChange of Circumstances Reporting
Policyholder must promptly notify insurer if circumstances disclosed at policy inception or noted in policy document change
SourceClaims Notification Requirement
Insured must file claim report and provide information necessary for claim investigation to If without delay
SourcePremium Payment Obligation
Policyholder must pay insurance premium by the due date specified in the invoice
Source