Cover for EUR10m offered in Austria
Third party liability motor insurance is sold in Austria by 25 companies. The minimum limit require...
Third party liability motor insurance is sold in Austria by 25 companies.
The minimum limit required by law is EUR1090 (£752) for bodily injury and material damage per accident, but insurers normally offer cover for up to EUR10m.
There is no fund of money to cover major accidents that exceed the minimum limit, though there have been several accidents that have exceeded these limits.
However, none of these claims were comparable to the Selby claim in UK.
Gunter Albrecht
Verband der
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