Page 97 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

The law specifies limits for death or injury and property
damage. It allows for payment of lump sum or annuity
or step by step throughout the life of the claimant.

It is the practice to pay annuity in the case of minors
and severely injured persons who may be unable to
manage their finances e.g. due to brain injury. The limits
of liability presently prevalent are as follows:

Death of injury Maximum lump sum : Euro 6,00,000
Maximum annuity : Euro 30,000 pa

Death or injury to several people from same occurrence

Maximum Lum sum : Euro 3,000,000

Maximum annuity : Euro 180,000 pa

Property damage : Euro 1,000,000

FRANCE: Motor Third Party liability in France is a
legal obligation based on strict liability. Insurance is
compulsory. Liability for injuries is unlimited whereas
property damage is limited. Contributory negligence is
applied only in the case of driver claims.

Thus third parties get claims irrespective of contributory
negligence. Unidentified and uninsured vehicles victims
are compensated from the Guarantee Fund (Fonds de
Garntie).

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