Ray Sigorta Makes a Difference with Its LimitsizİMM Product (Unlimited Third-Party Liability Insurance [İMM])

Rising claim costs in the motor line are making the protection provided within the coverage limits of compulsory motor third-party liability insurance increasingly critical. With its “LimitsizİMM” (Unlimited Third-Party Liability Insurance [İMM]) option, Ray Sigorta strengthens optional financial liability coverage and offers customers unlimited protection.

Rising vehicle values, along with increasing spare parts and repair costs, are significantly driving up claim amounts in the motor line, making the need for additional protection more evident in cases where compulsory motor third-party liability insurance limits are exceeded. In medium- and large-scale accidents, exceeding these limits can increase uncertainty for policyholders due to high compensation amounts and legal processes. At this point, Optional Financial Liability (İhtiyari Mali Mesuliyet [İMM]) is positioned as a complementary safeguard that comes into effect for third-party losses exceeding compulsory traffic insurance limits, thereby reducing the insured’s financial risk.

With its LimitsizİMM (Unlimited Third-Party Liability Insurance [İMM]) option, developed by taking into account needs from the field and claim dynamics, Ray Sigorta provides its customers with comprehensive protection against financial risks. The “unlimited” approach, which aims to reduce the risk of İMM coverage becoming insufficient in the face of rising costs during the policy term, offers a stronger safeguard framework against third-party losses.

“We offer a framework that strengthens risk transfer for our customers.”

Koray Erdoğan, CEO of Ray Sigorta, commented on the positioning of LimitsizİMM (Unlimited Third-Party Liability Insurance [İMM]) as follows: “In this period when costs in the motor line are changing rapidly, the legal limits of compulsory motor third-party liability insurance may not be sufficient in certain claim scenarios. This creates a significant area of uncertainty for policyholders due to both high compensation amounts and legal processes. With the LimitsizİMM option we have introduced at Ray Sigorta, we aim to make risk transfer more effective for our customers by strengthening İMM coverage with an ‘unlimited’ approach. Whether added to a motor own damage (kasko) policy or preferred as a standalone policy, LimitsizİMM offers a stronger safeguard framework that reduces the financial burden arising from third-party losses. We believe this approach will also help our business partners present a clearer and stronger value proposition to their customers.”