The Bureau of Auto Insurers of Armenia informs about the key changes implemented in the rules of the insurance system, which will come into force on April 1 of this year.

At the heart of the reforms is a significant increase in insurance amounts (maximum compensation limits), which aims to provide more comprehensive and adequate financial protection for people affected by traffic accidents.

What is changing?

According to the new regulations, the following new compensation thresholds have been established:

In terms of property damage. The limit per person has been increased from the existing 1,800,000 AMD to 2,500,000 AMD.

Personal injury (health and life): The limit per person has been increased from the existing 3,300,000 AMD to 3,500,000 AMD.

At the same time, maintaining the logic of the stability of the system, the limits of the total sums paid to all victims as a result of one accident were also increased, becoming 25,000,000 and 35,000,000 AMD, respectively.

Why is this important?

These changes are one of the phases of the continuous improvement of the APPA system. They will allow more complete reimbursement of the costs caused by accidents, reducing the additional financial burden of citizens and increasing confidence in the insurance system.

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