Central Bank twice increased the limit of insurance payments on the Euro Protocol

MOSCOW, may 17. /TASS/. The Bank of Russia approved amendments to the rules, according to which the maximum amount of payments on the Euro Protocol will be increased twice – to 100 thousand roubles, is spoken in the message of the Central Bank. These changes come into force from June 1 and will apply to all regions, except Moscow, the Moscow region, St. Petersburg and the Leningrad region, where in 2014 the unlimited Euro Protocol.

The new changes also will enable the parties to the accident to use the European accident report even if there are disagreements. Their essence both parties of the accident will have to be stated in the notice on road accident. In addition, if there are disagreements the circumstances of the accident will need to be fixed using a special mobile application.

The requirements for this application are later found by the Russian Association of motor insurers in coordination with the Bank of Russia, said the regulator.

Currently, about 30% of road accident is issued in a simplified manner. By the end of 2017 the total amount of payments for the Euro Protocol amounted to 7.68 billion RUB.