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Compulsory

Insurance

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Compulsory Insurance

Compulsory insurance is aimed at protection of the state, companies and large numbers of populations from risks. Compulsory insurance contract is signed by a physical or legal person, based on the requirement set by law. The law requires obligatory enrollment in life, medical or property insurance of certain categories of citizens or the property of companies. In addition, it includes liability insurance for property and other damage of individuals or companies.

Compulsory insurance is regulated by the Law of the Republic of Azerbaijan "On compulsory insurance," and requires licensing of insurance companies involved in compulsory insurance activities.

PASHA Insurance has a license to operate on compulsory insurance of civil liability of vehicle owners, compulsory insurance of real estate and compulsory liability insurance associated with the operation of real estate. The company is included in the register of the Bureau of compulsory insurance.

Purchase and contract of compulsory insurance is available both at the HQ of PASHA Insurance and through the network of offices throughout the country. Registration can be completed on-line by connecting to the database of Bureau of compulsory insurance.

Note: More information about Compulsory Property Insurance is here

Insurance Claims

Разбитый грузовикCrushed truck

September 10, 2009. Mercedes-Benz Axor truck driver will never forget that day. The truck belonged to Construction Company. He drove the truck on his usual route. Despite the truck size it was quite agile and perfectly managed. To drive this truck was a great pleasure. However, passing A.Rajabli street driver heard loud clap and felt that truck swerve – it seems tire blew out. But all drivers attempt to avoid the swerve were unsuccessful in spite of his 35 years experience. The truck swiftly flew straight on a lamp post.

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