MIB Agreement Ireland: Understanding the Motor Insurers` Bureau
What is the MIB Agreement Ireland?
The MIB (Motor Insurers` Bureau) Agreement Ireland is a legal agreement between the government and insurance companies in Ireland. It was established in 2009 to ensure compensation for innocent victims of accidents caused by uninsured or unidentified vehicles on Irish roads.
Under the agreement, an injured person can claim compensation from the MIB if the other vehicle involved in the accident was uninsured or the driver cannot be identified. The compensation would cover damages, injuries, and other related expenses incurred by the victim.
How does the MIB Agreement Ireland work?
The MIB Agreement operates by setting up a fund for compensating victims of accidents caused by uninsured or untraced drivers. This fund is financed by contributions from all motor insurers in Ireland.
When a person is involved in an accident caused by an uninsured or untraced driver, they can make a claim to the MIB for compensation. The MIB will investigate the claim and if it is valid, will compensate the victim from the fund.
What is covered by the MIB Agreement Ireland?
The MIB Agreement covers compensation for victims of accidents caused by uninsured or untraced drivers. It includes compensation for bodily injury, damages to property, and any other expenses incurred as a result of the accident.
However, the MIB will not compensate victims if they were driving an uninsured vehicle or if they were involved in a deliberate act of self-harm or suicide.
How to make a claim under the MIB Agreement Ireland?
To make a claim under the MIB Agreement, the victim must report the accident to the Gardaí (Irish Police) and obtain a report of the accident. They must also provide details of the other vehicle involved in the accident.
The victim should then contact their insurer and inform them of the accident. The insurer will then contact the MIB and submit the claim on behalf of the victim.
The MIB Agreement Ireland is an important legal framework that ensures that innocent victims of accidents caused by uninsured or untraced drivers are compensated. It provides a safety net for those who would otherwise be left without compensation for accidents caused by others.
If you have been involved in an accident caused by an uninsured or untraced driver, you should contact your insurer and seek legal advice on making a claim under the MIB Agreement Ireland.