New Era in Compulsory Traffic Insurance: Changes Starting on December 5, 2024
Compulsory traffic insurance, is a vital collateral tool for vehicle owners. The new regulations that will come into force as of December 5, 2024, bring important changes, especially for those who buy second-hand vehicles. In this article, we will discuss the details of these changes and the points that vehicle owners should pay attention to.
Problems Brought by the Old Application
According to the Highway Traffic Law, when a second-hand vehicle is purchased, the buyer is required to obtain traffic insurance. A period of 15 days was recognized. During this period, the previous owner of the vehicle could benefit from the coverage of his/her policy. However, this situation caused some problems. In particular, when the new owner of the vehicle was involved in an accident, damage was claimed through the previous owner's policy. This caused the previous owner's no-claims level to be disrupted. The Constitutional Court found this situation unconstitutional and decided to abolish the 15-day period.
What the New Regulation Brings
With the new regulation, December 5 2024 and second-hand vehicles purchased later will require the vehicle owner to have traffic insurance immediately. This change means a significant increase in responsibility for vehicle owners. New vehicle owners must now hit the road without waiting for their insurance policy. This will create a fairer system in the event of an accident.
Changes Regarding the Turkish Commercial Code
In addition, the regulations in the Turkish Commercial Code are expected to be reviewed in connection with the new application. Regarding the insurance period of second-hand vehicles 1 month period The condition will be re-evaluated to avoid confusion with the new application. This will provide vehicle owners with a clearer understanding of the period within which they must obtain insurance.
Things Vehicle Owners Should Pay Attention to
- Get Your Insurance Policy Early: With the new regulation, it is mandatory to have an insurance policy immediately after purchasing a vehicle. Therefore, insurance procedures must be completed quickly when purchasing a vehicle.
- Check Previous Owner's Policy: When buying a second-hand car, it’s important to find out about the status of the previous owner’s current policy and no-claims status. This can affect your future insurance premiums.
- Follow Legal Obligations: Keeping up with new regulations and possible changes in the Turkish Commercial Code is critical for vehicle owners to fulfill their legal obligations.
As a result
The new regulations bring significant changes to the field of compulsory traffic insurance and increase the responsibilities of vehicle owners. These changes are expected to create a fairer system for both vehicle owners and insurance companies. Being informed about the points to consider when purchasing a vehicle and legal obligations will prevent future problems. Being prepared for these new regulations, which will come into force on December 5, 2024, will be in the interest of vehicle owners.
