Motor Insurance Fund

The Motor Insurance Guarantee Fund was established in 1965. It is a consequence of the Motor Insurance Liability Act ( WAM). Pursuant to that law, all motor vehicles (cars, motorcycles, buses, trucks, mopeds and motorcycles, etc.) in the Netherlands must be insured against third-party liability ( WA) . This is the liability for car damage caused to third parties. This allows the person suffering damage to sue an insurance company directly for the damage.

However, sometimes this is not possible. For example, because the owner of the vehicle has not taken out car insurance. Or because the driver drove off without leaving a name and address. In such situations, often the Waarborgfonds m tor traffic can help.

The Waarborgfonds is financed by all insurance companies that provide motor insurance in the Netherlands. So indirectly, everyone who owns (and insures!) a motor vehicle contributes to the Waarborgfonds.

The Guarantee Fund intervenes in five cases of damage in traffic in the Netherlands provided that the liability of the perpetrator is established:

• if it is not known who caused the damage;
• If the damaging motor vehicle is not insured;
• if the damaging motor vehicle is stolen and the driver knows about the theft;
• If the insurance company is insolvent;
• If the possessor/holder has an exemption from the insurance requirement due to mental health concerns.

There is a party that can recover damages for you from the guarantee fund completely free of charge. That is 112schade.nl. Click here to recover your damages from the guarantee fund.

Click here for an overview of different types of insurance.