There are two types of motorcycle insurance : compulsory insurance and voluntary insurance.
Normally, people will buy compulsory insurance. This type of insurance is legally called civil liability insurance of motor vehicle owners .
For this type of insurance, the insurance company does not compensate for damages directly to the vehicle owner but compensates the third party when an accident occurs.
For example, if storm No. 3 causes a motorbike to collide with another person or cause property damage, compensation can be paid to the person who suffered the damage.
When determining the case that will be compensated by compulsory motorbike insurance, people need to prepare the required documents.
According to a survey by Lao Dong Newspaper reporters, on the information portals of insurance companies, instructions are posted on 7 types of documents that people need to prepare to receive motorbike insurance as follows:
1. Claim document.
2. Documents related to the motor vehicle and driver (Certified copy of the original or Copy certified by the insurance company after comparing with the original or photocopied copy):
Vehicle registration certificate (or a certified copy of the original Vehicle registration certificate with the original valid Receipt from the credit institution, in lieu of the original Vehicle registration certificate during the period the credit institution holds the original Vehicle registration certificate) or vehicle ownership transfer documents and vehicle origin documents (in case there is no Vehicle registration certificate).
Driving license.
Driver's ID card or Citizen Identification card or Passport or other identification documents.
Certificate of insurance.
3. Documents proving damage to health and life (Copies from medical facilities or copies certified by the insurance company after comparison with the original or photocopies). Depending on the extent of damage to people, one or more of the following documents may be included:
Certificate of injury.
Medical records.
Extract of death certificate or Death certificate or confirmation document of the police agency or forensic examination result of the forensic examination agency in case the victim died in a vehicle or died in an accident.
4. Documents proving damage to property:
Invoices, valid documents or evidence proving the repair or replacement of damaged property caused by the accident (in case the insurance company carries out repairs or damages, the insurance company is responsible for collecting these documents).
Documents, invoices, and vouchers related to expenses incurred by the motor vehicle owner to minimize losses or to comply with the instructions of the insurance company.
5. Copies of relevant documents of the police agency in accidents causing death to third parties and passengers or in cases where it is necessary to verify that the accident was caused entirely by the fault of the third party, including: Notice of investigation results, verification, and settlement of the accident or Notice of conclusion of investigation and settlement of the accident.
6. Minutes of assessment by the insurance company or a person authorized by the insurance company.
7. Court decision (if any).
The insurance buyer and the insured are responsible for collecting and sending to the insurance company the documents specified in Clauses 1, 2, 3, 4 and 7 of this Article. The insurance company is responsible for collecting the documents specified in Clauses 5 and 6 of this Article.
