Accident compensation claim to the Consortium
What is the Insurance Compensation Consortium? The Insurance Compensation Consortium is a public entity at the service of the insurance sector. It is attached to the Ministry of Economy and Competitiveness and has its own legal personality. When you take out your own or third party damage insurance extended with fire, theft or windows, a surcharge is added to the price paid by the policyholder. This surcharge will be paid to the Consortium by the insurance companies. The Consortium has these surcharges as main income. Among other functions, the Insurance Compensation Consortium must be responsible for paying compensation for traffic accidents in some cases. When can we claim compensation for an accident from the Consortium? uninsured vehicle In the event that the vehicle responsible for the accident is not insured, the Consortium will be responsible for compensation for…