What does WAM insurance entail?
You have probably heard of third-party insurance. In this context, TPL insurance stands for Third Party Liability Insurance. So what does WAM insurance mean? WAM stands for the Motor Insurance Liability Act. This law consisting of 42 articles deals with the insurance obligation for motor vehicles. For the purposes of this law, the term motor vehicle is defined quite broadly. For convenience, you can at least assume that your car is covered by WAM. So if you have bought a car, do not forget to take out the legally required WAM insurance. You risk substantial fines when you are not insured. And are you involved in an accident without WAM insurance? Then the damages can be recovered from your personal assets. This can cost you a lot of money.
Am I WAM insured?
Are you unsure whether you are WAM insured with your car? This uncertainty may exist, for example, in the following situations:
- No premium has been written off for a while (for example, due to financial difficulties);
- you buy a car that the seller says is still insured for a while;
- you recently insured your car but don't know if " coverage is already in place.
If you are not sure whether you are WAM insured, it is a good idea to check this via the RDW license plate check. Here you enter the license plate number and press the button 'request data'. Under the bar 'vehicle status' you can then read whether your car is WAM insured.
No WAM insurance
Don't have WAM insurance? That means you are quite at risk. If you cause damage to another person or another vehicle with your car, you are not covered. This means that without WAM insurance, you will bear the cost of the damage incurred yourself. These costs can be quite high. In addition, there are legal penalty provisions you need to consider when driving without WAM insurance.
Fine uninsured driving
Under Article 30 of the Motor Insurance Liability Act, you run the risk of a fine or even imprisonment if you are not WAM-insured. How much can this fine be? The RDW can impose a fine of around €400.00. The RDW keeps track of whether your car is insured. If it is not, they will eventually automatically send a fine. In addition, you can still be fined by the police if you are stopped in an uninsured vehicle. So in all respects, it is not wise to drive around without WAM insurance. It is prohibited by law and it poses considerable risks to yourself and others.
Take out WAM Insurance
Not sure if you are WAM insured? Then check to be sure. Do you still want to get WAM insurance? Then make sure you send all the requested information as correctly as possible. At Alpina, you can easily take out WAM insurance. Calculate your premium here.
Still have questions about this topic? Alpina is at your service
Hopefully, through this article, you are better informed on the topic of WAM insurance. Do you still have questions after reading this article? Then absolutely do not hesitate to contact us. Fill out our contact form or call us directly at 088 - 688 3710. Our specialists will help you on your way. It is also possible to calculate your premium directly via our website.
Never underinsured
Put together your own package
A wide range
We compare all insurers for you, saves time again
Help from our experts
Can't figure it out? Our experts are always ready to help you
We can be reached via chat, WhatsApp, phone or email
Questions? Contact us if you want to know more.
We are here Monday to Friday from 08:00 to 18:00.