In the following cases, GIC is responsible for compensating motor vehicle owners for material damage caused by natural disasters, unexpected or unforeseen accidents:

• Crash, collide (with another vehicle or other object), overturn, overturn, sink, fall the whole vehicle, get hit by other obj;
• Fire, explosion;
• Force majeure disasters caused by nature;
• Loss of the entire vehicle due to theft or robbery.

Physical damage to the vehicle caused by deliberate vandalism by a third party.

1. The deadline for filing a claim for compensation is one year after the accident, unless there was a delay brought on by a legal force majeure or objective reason.
2. The insurance buyer and the insured must send the accident notice in writing or electronically within five working days of the accident (barring cases of force majeure) for insurance firms.
3. The insurance company has a 15-day window in which to pay out compensation after receiving a valid and complete insurance claim dossier, but no later than 30 days after that. in the event that a document verification is necessary, usually valid insurance.
4. Within 30 days of receiving a complete claim dossier, the insurer is required to notify the insurance buyer and the insured in writing of any refusal to indemnify. legitimate insurance claim.

1. Non - Contractual injury to a third party's health, life, or property brought on by a motor vehicle.
2. The harm that motor vehicles do to the health and lives of passengers.

A civil third party is a party to the dispute who is not related to the litigant by blood and who is willing to file a civil lawsuit alongside the litigant if an amicable resolution is not possible.

Clause 3, Article 3 of Decree No. 03/2021/ND-CP states that a person who sustains harm to their health, life, or property as a result of a motor vehicle is considered a third party, with the following exceptions:

a) The driver, or the person in charge of the vehicle.
b) Vehicle owner, unless the owner has delegated possession and use of the vehicle to another organization or individual.

In contrast to the Civil Code, the concept of a third person is expanded to include the car owner's relatives (parents, spouse, children, and siblings).

A motor vehicle is a piece of machinery and equipment that is constantly in danger of malfunctioning due to technical, electrical, mechanical, or thermal factors, including brake failure, loss of control, fire, explosion, tire explosion, etc. This machinery and equipment travels on the road at a high rate of speed, so if a technical issue arises that cannot be resolved right away, it will either result in an accident involving another vehicle or the vehicle that is not experiencing technical issues may collide with another vehicle as a result of the driver's negligence. Because of this, the Civil Code (Article 623) declares that using a motor vehicle while driving puts one in grave danger. In the event that the law governing traffic order and safety is broken, owners who exploit extremely dangerous sources are required to pay for any damage these sources may have caused.

When an accident occurs, the driver and the victim are separated from their homes, places of employment, and loved ones because they are driving and cannot afford to cover the costs of the accident's aftermath. Therefore, in order to protect the victim's rights and interests when a traffic accident occurs, the vehicle owner must make restitution and the victim must be qualified for immediate medical attention. In order to cover their liability to the victim, the car owner must pay the advance costs of emergency care on behalf of the victim through the insurance company. To safeguard public interests and social safety, motor vehicle owners must carry mandatory civil liability insurance.

Participating in the Compulsory Civil Liability Insurance for motor vehicle owners and ensuring financial safety for the vehicle owner (paying a low annual fee to be ready to pay for accidents at any time) and ensure the rights of the victim (with compensation from the insurance company in case of an accident).

1. In the event of an accident, the insurance liability for harm to life and health brought on by motor vehicles is one hundred and fifty (150) million dong per person.
2. The extent of insurance liability for damage to property:

        a) According to the Law on Road Traffic, accidents involving two-wheeled motorcycles, three-wheeled motorcycles, motorcycles (including electric scooters), and vehicles of similar structure result in damages of fifty (50) million dong.
        b) An accident costs one hundred (100) million dong because of cars, tractors, trailers or semi-trailers being towed by cars or tractors, and special-use motorbikes, as per the provisions of the Road Traffic Law.