Discussing with Lao Dong on this issue, Lawyer Nguyen Thu Trang, Hung Dao Thang Long Law Office analyzed that the name motorbike insurance is a shorthand for people. Considering this factor, motorbike insurance has 2 types: compulsory insurance and voluntary insurance.
Compulsory insurance is civil liability insurance for motor vehicle owners. Without this type of insurance, people will be fined according to the law.
For this type of insurance, the insurance company does not compensate the vehicle owner directly for damages but compensates a third party when an accident occurs. For example, if storm No. 3 causes a motorbike to collide and cause an accident to another person or damage property, it can compensate the person who suffered the damage.
According to current regulations, in addition to compulsory civil liability insurance , there is also voluntary motorbike insurance.
Road users can purchase additional benefits to provide financial compensation for property or passengers (including vehicle owners and passengers) in the event of an accident, incident or theft.
Clause 3, Article 4 of Decree 67/2023/ND-CP stipulates that in addition to participating in compulsory insurance according to the insurance conditions, insurance premiums, minimum insurance amounts or insurance liability limits prescribed in this Decree, the insurance buyer and the insurance enterprise may agree in the insurance contract on expanding the insurance conditions, increasing the insurance amount and corresponding additional insurance premiums in accordance with legal regulations. In this case, the insurance enterprise is responsible for separating the compulsory insurance part in the insurance contract.
The State encourages agencies, organizations and individuals who are not required to purchase compulsory insurance as prescribed in this Decree to purchase insurance based on agreements with insurance enterprises and in accordance with legal provisions.
In compulsory civil liability insurance of motor vehicle owners, for each motor vehicle, the liability for compensation under compulsory civil liability insurance of motor vehicle owners only arises under a single insurance contract.
Thus, according to regulations, voluntary insurance is not mandatory but the state encourages people to buy more to ensure their rights.
Depending on the agreement, will people be compensated when their motorbikes are damaged during storms? Normally, if the parties have an agreement on compensation when accidents occur such as natural disasters such as storms and floods, then when motorbikes are damaged due to storm number 3, people can be compensated.
