MOTOR VEHICLES THIRD PARTY LABILITY INSURANCES APPLIED IN TURKEY: EXAMPLE APPLICATIONS

Abstract

Responsibility is defined as assuming responsibility for one’s own actions or the consequences of any event that comes within its jurisdiction. Liability insurance is used to compensate for the harm done to others as a result of one’s activities. If this liability causes a loss due to fault, intent, or hazard, the insurance pays for this loss at a predefined amount, up to the applicable maximum. Liability insurance is becoming more important in our society. It is a fact that some of these insurances are compulsory. In this study, motor vehicles’ third-party liability insurance applied in Turkey was conceptually examined, and the current production situation was analyzed and supported with case studies. In this context, it has been observed that motor vehicle liability insurance has three main applications in our country, namely compulsory motor liability insurance, facultative motor third-party liability insurance, and green card insurance, and it has been determined that the relevant branches have become increasingly important in production over the years.