Motor Insurance

e-Albania

Kontrollo Sigurimin në e-Albania

Motor Insurance

Secure your vehicle and your day will be more relaxed and stress free:

  • ​Third party liability insurance (TPL)
  • Ensuring Third Party Liability (Green Card)
  • Providing Accountability to Third Parties (Borderlands)
  • Casco Insurance
  • Vehicle Tracking System (GPS)

Protect yourself as a family ...

Third Party Liability Insurance (TPL)

Third Party Liability Insurance (TPL) covers material damages and injuries that may be caused to third parties as a result of vehicle opration by the vehicle owners and/or operators. Thrugh this mandatory insurance the risk is transferred to EUROSIG sh.a.

EUROSIG covers material damages or physical injuries caused by the Insured to third parties, as well as passengers riding in the insured vehicle that causes the damage. Indemnification for these damages is done in accordance with law No. 10076, dated 12.02.2009 “For the Mandatory Insurance in the Transport sector”. The category of the vehicle is no longer entered by the insurance agent. Insead it is automatically selected when the license plate is entered into the system along with other technical details and driver identification data. The TPL Policy is prepared in three copies; the original Policy is issued to the client, one copy is issued to the client only upon their request, since it constitutes a financial invoice, recognized by the General Directorate of Taxation, and the second copy is kept by EUROSIG.

Careful! This police enters into force on the date of issue at 24:00.

International Motor Insurance Certificate (Green Card)

The International Motor Insurance Certificate (Green Card) is the mandatory third party liability insurance for vehicle with Albanian license plates traveling outside the borders of Albania. Eurosig covers the Insured’s liabilities for any material damages or physical injuries they may cause to third parties as well as the passengers of the Insured vehicle. Indemnification for these damages is done in accordance with law No. 10076, dated 12.02.2009 “For the Mandatory Insurance in the Transportation Sector”. The vehicle category is determined by the data on the Circulation Permit.

The Green Card Certificate is prepared in two copies. The first copy is issued to the Client and is composed of two parts, where the bottom part is handed to the damaged party in case of an accident. The second copy must be signed by the client and is kept by Eurosig

Attention! This policy enters into force immediately upon being issued. At the time the Green Card Policy is issued, the vehicle being insured must be physically present at the Eurosig office in order to be inspected by our agent. Under no circumstances can the Green Card Policy be issued while the vehicle is outside of Albania.

Third Party Liability Insurance (Border Policy)

Third Party Liability Insurance (Border Policy) covers material damages and physical injuries that may be caused to third parties by a vehicle with foreign license plates while circulating within Albanian territories, which does not possess a Green Card Insurance Policy which covers Albania, issued in their country of origin. Through this mandatory insurance, drivers transfer this risk to EUROSIG sh.a. Eurosig covers the Insured’s liabilities for any material damages or bodily injuries they may cause to third parties as well as bodily injuries suffered by the passengers of the Insured vehicle. Indemnification for these damages is done in accordance with law No. 10076, dated 12.02.2009 “For the Mandatory Insurance in the Transport Sector”. The vehicle category is determined by the data in the Circulation Permit.

The Border Policy is prepared in three copies. The original Policy is issued to the client, one copy is issued to the client only upon their request, since it constitutes a financial invoice, recognized by the General Directorate of Taxation, and the second copy is kept by EUROSIG.

Attention! This policy enters in effect immediately upon being issued.

Casco Insurance

Casco Insurance covers any damages caused to the vehicle itself by potential perils such as: accidental collisions with vehicles and/or other objects, overturning or other objects crashing into the vehicle, fire or explosion, partial or total theft, glass breaking, natural catastrophies such as earthquake, storm, landslide or flooding, snow or hail, damages by unidentified authors while the vehicle is parked, towing services and a vehicle at the clients disposal while the repairs are being carried out.

OFFERED COVERAGE AND TARIFFS:

 

Coverage:

  1. Accidental Damage
  2. Braking of Glass
  3. Fire, Lightning, Explosion
  4. Natural Catastrophies
  5. Total theft
  6. Damage in Parking by unidentified author
  7. Insurance outside Albania
  8. Damages by malicious acts
  9. Partial theft
  10. Car Loan
  11. Towing

 

 

Vehicle Tracking System (GPS)

1. What is the GPS system?

Global Positioning System (GPS) is a world wide navigation system, consisting of a network of 24 satellites and their ground stations. This creates the possibility of determining the exact location of a vehicle at any given time, as well as other useful information regarding the vehicle.

2. At any given time you will have information on:

  •  The itinerary followed by the vehicle
  •  The times your vehicle had its engine running
  •  The distance traveled every time the engine was started
  •  The itinerary traveled by the vehicle at any given time interval
  •  The time intervals when the engine has been on or off
  •  Idle time (times when the vehicle stays idle with the engine started for more than 5 minutes)
  •  Distance travelled in a day, week, month or any desired time interval
  •  Speed of the vehicle
  •  Geofencing (areas where the vehicle is allowed to travel)
  •  Vehicle maintenance (scheduled oil, filter and tire changes, insurance expiration, technical inspection, or any other options according to the clients requirements)

a. e-mail notification when the vehicle;

  • Is traveling with the engine off.
  • Exceeds the speed limit
  • Exits the coverage area
  • Is involved in an accident
  • S
  • tays idle for a long time with its engine on

 

b. Client benefits

  • Reduction in transportation costs
  • Elimination of unnecessary and excessive travel
  • Safety of the vehicle and staff
  • Notification in case the vehicle travels outside the allowed areas (parking lot, warehouse etc), when the vehicle is traveling with the engine off, when the vehile is involved in an accident, etc.
  • Increase of the driver’s performance and efficiency by reducing the possibility of abuse.
  • Eduction of the costs of fuel

 

Tariffs: if you decide to equip your vehicle with a GPS tracking system, EUROSIG offers:

Opsioni 1

When the vehicle has CASCO + TPL insurance from EUROSIG sh.a., EUROSIG offers free of charge:

  • Installation of the GPS device
  • Installation of the software
  • Staff training for the GPS system
  • The use of the GPS device, which remains property of EUROSIG

The monthly tariff for the service is 8-10 Euros/month (VAT included)

The contract shall be for at least 2 years.

Option 2.

When the vehicle does not have CASCO + TPL insurance from EUROSIG sh.a., EUROSIG offers free of charge:

  • Installation of the GPS device
  • Installation of the software
  • Staff training for the GPS system

The cost of the GPS device will be 100 Euros, and the device will be owned by the client

The monthly tariff for the service is 8-10 Euros/month (VAT included)

The contract shall be for at least 1 year.

Note: ) When the client equips more than 5 vehicles with the GPS tracking system, the conditions offered will be as per Option 1. ) For preferred clients, the conditions will be discussed on a case by case basis.