AXERIA IARD SA Lyon – Bucharest Branch
Axeria Iard
Axeria Iard is a motor third-party liability insurance for the Romania market with online purchase and limited assistance availability.
Direct payment
Claims are handled through Axeria Iard's own claims department. Policyholders may also opt for the Direct Settlement clause (Decontare Directă), an optional add-on whereby Axeria settles damages to its own insured's vehicle caused by a liable third party with valid RCA insurance, on Romania-only accidents with no bodily injuries. Notification of the insurer is required within 5 business days of any accident.
Geographic scope
Romania and international Green Card territories
Valid in Romania, all EU/EEA member states, Switzerland, and additional Green Card countries including Albania, Andorra, Azerbaijan, Belarus, Bosnia and Herzegovina, Moldova, Montenegro, Morocco, North Macedonia, Norway, Russia, Serbia, Tunisia, Turkey, Ukraine. For countries not listed on the Green Card document, a separate border insurance must be purchased.
Unique selling points
- Competitive pricing with some of the lowest RCA premiums available on the Romanian market for many vehicle and driver profiles.
- Instant policy issuance and delivery in PDF format via email, enabling fully digital purchase through authorized broker platforms.
- Green Card coverage automatically included for EU/EEA states and 14 additional countries at no extra premium, providing broad territorial protection.
- Optional Direct Settlement clause allowing Axeria to compensate its own insured directly for vehicle damages caused by a third party with valid RCA, avoiding the need to pursue the at-fault insurer.
- Dedicated claims management through INTARO using latest IT solutions, targeting fast and accurate compensation for clients.
Coverage limits
Bodily Injury and Death Liability
Covered
Covers bodily injury and death caused to third parties by insured vehicle accidents, including non-pecuniary (moral) damages. Limit: 6,070,000 EUR per accident regardless of the number of injured persons. Family members of the insured, the driver, or other persons whose civil liability is engaged in the accident are not excluded from receiving benefits for their own bodily injuries.
Property Damage Liability
Covered
Covers material damages caused to third parties including vehicle repair costs, deregistration and registration costs, stamp duty, costs for limiting the damage, costs related to vehicle value decrease after repairs (evidenced by documents or expert assessment), costs to restore the vehicle to its pre-accident condition, transport costs for a damaged vehicle that can no longer move under its own power, and loss-of-use damages. Limit: 1,220,000 EUR per accident regardless of the number of injured parties.
Legal Defence / Court Costs
Covered
Court costs incurred by the injured party, and costs related to alternative dispute resolution where the outcome is favorable to the injured party, are covered within the applicable liability limits. No separate legal defence sublimit is stated.
Green Card International Coverage
Covered
Automatically included with every RCA policy at no additional premium. Covers all EU/EEA member states plus Iceland, Norway, Liechtenstein, Switzerland, Serbia, Albania, Andorra, Moldova, Turkey, Ukraine, Azerbaijan, Belarus, and Montenegro. For countries not listed (or crossed out) on the Green Card document, a separate additional Green Card or border insurance must be purchased. For accidents outside Romania, compensation limits are determined by the legislation of the respective country.
Roadside Assistance
Not offered
Roadside assistance is not mentioned as an included or optional coverage in the Axeria Iard RCA product. Not found in any official Axeria RCA source.
Driver Accident Cover (At-Fault Driver)
Excluded
Damages caused to property belonging to the driver responsible for the accident, or resulting from bodily injury or death of that driver, are explicitly excluded from RCA coverage regardless of who files the claim.
Passenger Accident Cover
Covered
Passengers injured in an accident caused by the insured vehicle are covered as third-party injured persons under the bodily injury liability limit (6,070,000 EUR per accident). There is no separate passenger accident sublimit; coverage is subsumed within the bodily injury liability cover. Family members of the insured or driver are explicitly not excluded from claiming for their own bodily injuries.
Key conditions
Territorial scope
Coverage applies in Romania and on the territories of EU/EEA member states, Switzerland, and other Green Card signatory countries. For territories where the country symbol is crossed out on the Green Card document, a separate Green Card or border insurance must be purchased. For accidents outside Romania, compensation limits are governed by the law of the respective country.
Green card rules
The Green Card is automatically issued with every RCA policy and covers EU/EEA states plus Iceland, Norway, Liechtenstein, Switzerland, Serbia, Albania, Andorra, Moldova, Turkey, Ukraine, Azerbaijan, Belarus, and Montenegro without any additional premium. For countries not covered (barred/crossed out on the document), the insured must obtain a separate Green Card insurance from a Romanian insurer or purchase border insurance at the country's border.
Driver restrictions
Persons (natural or legal) who use vehicles exclusively for training, racing, competitions, or legally organised rallies are not obliged to take out an RCA contract for risks arising from those activities; for those risks, vehicle owners or competition organisers may obtain voluntary insurance. All other vehicle users are subject to the mandatory RCA obligation.
Claim notification deadline
The insured must notify the Axeria Iard RCA insurer of any vehicle accident within 5 business days of the event. The insured must also provide information on the causes and circumstances of the accident, all documents necessary for case handling, and whether criminal or administrative proceedings have been initiated against them in connection with the event. The injured party must also be provided with the information necessary to submit a compensation claim upon request.
Bonus-malus rules
The RCA premium is adjusted according to a bonus-malus system regulated by the Financial Supervisory Authority (ASF). Driver history is sourced from both the mandatory RCA insurance database and the records held by the relevant directorate of the Ministry of Internal Affairs. The insurer is obliged to inform policyholders of the premium calculation method and to notify them of contract expiry 30 days in advance. Upon request, a claims history certificate covering the last 5 years must be issued within 15 days.
Where to buy
Policy specifics
Direct Settlement between RCA Insurers
Optional additional clause offering direct settlement services for damages caused to insured vehicle by liable third parties with valid RCA insurance
Green Card Coverage
Automatic international insurance coverage valid in EU member states and other European countries, included with RCA policy at no additional premium
Accident Notification Requirement
Insured must notify the RCA insurer of vehicle accidents within 5 business days of occurrence
Material Damages Coverage Components
RCA covers material damages including deregistration and registration costs, stamp duty costs, expenses for limiting damages, expenses related to vehicle value decrease after repairs, and costs for restoring vehicle to pre-event condition
Bodily Injury and Death Coverage
RCA covers bodily injuries and death caused by vehicle accidents, including non-pecuniary damages
Compensation Limits
Compensation limits established by Financial Supervisory Authority (ASF): 1,220,000 EUR for material damages per accident; 6,070,000 EUR for bodily injuries and death per accident
Policy Duration Options
RCA contracts can be concluded for periods between 1 month and 12 months (in monthly multiples), with 30-day validity option available for vehicles with provisional registration
Bonus-Malus System
Premium calculation adjustments based on driver history and claims record, applied according to Financial Supervisory Authority regulations
Direct Settlement Applicability Conditions
Direct settlement between RCA insurers applies only when: accidents occur on Romanian territory; vehicles are registered in Romania; damages are caused exclusively to vehicles; both vehicles have valid RCA insurance at time of accident; damages exclude bodily injuries