Compensa Vienna Insurance Group ADB Latvia Branch / Compensa Life Vienna Insurance Group SE Latvia Branch
Compensa
Compensa is a motor third-party liability insurance for the Latvia market with online purchase and 24/7 assistance.
Direct payment
Compensa's standard OCTA does not include direct settlement (claiming from your own insurer). Direct settlement (tiešā zaudējumu regulēšana / TZR) is only available through the voluntary Zelta OCTA add-on product, where the Compensa Zelta OCTA client can receive compensation from their own insurer (Compensa) even when they are the injured party in a traffic accident. Compensa Zelta OCTA klients var saņemt apdrošināšanas atlīdzību pie sava apdrošinātāja (Compensa) arī tajos gadījumos, kad pats ir cietusī puse ceļu satiksmes negadījumā.
Geographic scope
European Economic Area and associated countries
OCTA Standartlīgums is valid in European Economic Area countries, Switzerland, Andorra, Serbia, Bosnia and Herzegovina, Montenegro, and the United Kingdom
Unique selling points
- Flexible online purchase of OCTA for terms of 1, 3, 6, 9 or 12 months.
- Discounts of up to -25% when purchasing the policy online through Compensa's e-shop.
- 24/7 customer support hotline available for policyholders.
- Optional Green Card agreement extends validity to non-EEA countries such as Turkey, Ukraine and Moldova.
- Additional optional risks such as roadside assistance and driver accident cover can be added to the standard OCTA contract.
Coverage limits
Bodily injury liability limit
€5,210,000
For accidents occurring in Latvia, the insurer covers up to 5,210,000 EUR for personal injury, regardless of the number of victims.
Property damage liability limit
€1,050,000
For accidents occurring in Latvia, the insurer covers up to 1,050,000 EUR for property damage, regardless of the number of third parties.
Legal defence costs
No limit stated
No separate legal defence coverage is mentioned in the reviewed OCTA IPID or standard contract documents.
Green Card international insurance agreement
Optional
A separately purchasable international agreement (Green Card) required for travel to non-EEA Green Card countries such as Albania, Azerbaijan, Morocco, Moldova, Tunisia, Turkey, North Macedonia or Ukraine; it is valid only in the countries listed on the policy.
Roadside assistance
Optional
Roadside assistance is offered as an additional optional risk alongside the OCTA standard contract, governed by separate insurance terms (HELP26); no monetary limit is disclosed in the reviewed sources.
Driver accident insurance
Optional
Driver accident insurance can be added to the OCTA standard contract as an additional risk under separate policy terms (O-NGA); no monetary limit is disclosed in the reviewed sources.
Passenger accident insurance
No limit stated
No standalone passenger accident add-on to the OCTA standard contract was found; combined driver-and-passenger accident cover appears only within the separately branded Zelta OCTA product.
Key conditions
Territorial scope
OCTA Standartlīgums is valid in European Economic Area countries, Switzerland, Andorra, Serbia, Bosnia and Herzegovina, Montenegro, and the United Kingdom; outside these territories, coverage limits are determined by local law.
Green card rules
A Green Card international insurance agreement is required to drive in or through non-EEA Green Card system countries such as Albania, Azerbaijan, Morocco, Moldova, Tunisia, Turkey, North Macedonia and Ukraine, and is valid only in the countries listed on the policy.
Driver restrictions
Not explicitly specified in the reviewed sources; OCTA insures civil liability tied to the registered vehicle rather than a named driver, in line with Latvian compulsory MTPL law.
Claim notification deadline
For accidents in Latvia, a completed accident statement and explanation must be submitted within 10 calendar days; for accidents outside Latvia, claims may be filed within 1 year for property damage and 3 years for personal injury.
Bonus-malus rules
Bonus-malus classification is administered at a national level via CSDD and referenced by insurers when calculating premiums; specific Compensa bonus-malus rules were not detailed in the reviewed product documents.
Policy specifics
Claims notification and documentation deadline
For accidents in Latvia, claims must be filed within 10 days with coordinated accident statement and supporting documentation
SourceCoverage limits for accidents in Latvia
For accidents occurring in Latvia: up to 5,210,000 EUR for personal injury; up to 1,050,000 EUR for property damage
Source