Ray Sigorta Closes Coverage Gap in Motor Third-Party Liability Insurance with Its New Product

Ray Sigorta is taking a new step that makes a difference in the sector under its Trafik Tamamlayıcı Sorumluluk Sigortası (Motor Third-Party Liability Complementary Insurance). The company is offering, for the first time in the sector under a single coverage, towing coverage for the other party’s vehicle, replacement vehicle coverage for the third party, and loss of income coverage in accidents where the driver is at fault.

Ray Sigorta continues to expand its portfolio with a customer-focused and innovative approach, taking another first in the sector. The Trafik Tamamlayıcı Sorumluluk Sigortası (Motor Third-Party Liability Complementary Insurance) introduced by Ray Sigorta goes beyond the standard liability framework, offering a more comprehensive protection to policyholders against situations that fall outside the scope of compulsory motor third-party liability insurance and create additional costs in accidents. At the same time, it enables agents to provide their customers with a stronger solution offering.

Extended liability insurance

Ray Sigorta’s Trafik Tamamlayıcı Sorumluluk Sigortası (Motor Third-Party Liability Complementary Insurance) is an extended liability insurance product that covers, within policy limits and conditions, the compensation obligation under IMT (Increased Motor Third-Party Liability Coverage) toward the third party in accidents where the insured driver is at fault, as well as related towing expenses, replacement vehicle costs, and, in cases where the third party’s vehicle is used for commercial purposes, loss of income. With its coverage scope offered for the first time in the sector, the product stands out by providing a more holistic protection approach against the financial consequences that may arise after an accident.

“For us, the real value in insurance lies in being able to develop solutions that have a genuine impact in customers’ lives.”

Koray Erdoğan, CEO of Ray Sigorta, emphasized that they aim to offer solutions that meet current needs and have real value in the field for both policyholders and intermediaries, stating: “As Ray Sigorta, while focusing on building a structure that responds more quickly to changing customer expectations on the product and service side, we also prioritize value- and trust-based growth in our distribution channels. For us, the real value in insurance lies in being able to develop solutions that have a genuine impact in customers’ lives. Competition in motor lines has intensified. However, without compromising our sustainability principles, we prefer to enhance our competitiveness not only through pricing but also through service quality and innovative products. With our Trafik Tamamlayıcı Sorumluluk Sigortası (Motor Third-Party Liability Complementary Insurance), we aim to provide a holistic response to our customers’ current needs while ensuring stronger protection against risks in traffic. With this innovative product, which represents another first in the sector, we are embodying our ‘different insurance’ approach on the product side and continue to raise the bar in the industry.”