Auto Liability Insurance In Kosovo In Order To Compensate The Damage

Abstract

The advancement in human society and increase in disasters and damage that happen to both person and property has brought on need for personal and property protection against these disasters.

The introduction of civil liability insurance for drivers follows as a logical consequence of the emergence of industrial progress and the increase in the number of vehicles that bring increased risk of accidents in traffic with human and material damage.

Consequently, insurance has been developed in order to compensate for various damages, especially traffic accidents, which are increasing day by day and threaten traffic participants: drivers, passengers, pedestrians, and also many other persons causing injury or the death.

The civil liability of drivers of vehicles is regulated by law. So "Law on compulsory motor third party liability insurance" regulates the field of auto liability insurance.