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Answer: The object of a compulsory insurance shall be the civil liability of the owner or legal user of a motor vehicle (hereinafter – civil liability of an owner) for losses caused to a third person in a road traffic accident. It is of vital importance to understand that the object of insurance is the liability of the owner of the vehicle. Due to the fact that the vehicle has been reregistered in the name of the buyer, the previous policy will not be valid in respect of the new owner of the vehicle as the person specified in the policy is no longer the owner of the vehicle. Therefore, if the new owner didn’t obtain the insurance of his civil liability at the moment of the purchase, then he will have to compensate all losses caused in the result of a road traffic accident himself.

Pursuant to Section 44, Paragraph 2 of the Road Traffic Law, a vehicle owner or possessor, if he or she fails to prove, that a damage has been caused due to force majeure, by the intention of a victim himself or herself or due to the gross negligence of a victim or due to other reasons, which in accordance with the law release from liability to recover the damage, shall be liable regarding the damage caused as a result of the exploitation of a vehicle.

In this regard, the owner is personally liable for the losses that may be caused as the result of a road traffic accident, and if the civil liability of the owner hasn’t been insured, then the compensation may be recovered from the owner. In case the owner of the vehicle changes due to sale of the vehicle the new owner is obliged to insure his civil liability and obtain the new insurance policy.

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