Motor Insurers Bureau Of Ireland

What is the Motor Insurers Bureau of Ireland?

The Motor Insurers Bureau of Ireland (MIBI) is a not-for-profit organisation that provides compensation to victims of road traffic accidents involving uninsured and unidentified vehicles in Ireland. The MIBI was established in 1955 and is the only organisation of its kind in Ireland. The MIBI is funded by a levy on all motor insurance policies in Ireland and its mission is to provide a fair and just system of compensation for victims of road traffic accidents involving uninsured and unidentified vehicles in Ireland.

What Does The Motor Insurers Bureau Of Ireland Do?

The MIBI is responsible for providing compensation to victims of road traffic accidents involving uninsured and unidentified vehicles in Ireland. The MIBI also works to reduce the number of uninsured and unidentified vehicles on the roads in Ireland by carrying out research and campaigns to raise awareness of the risks and consequences of driving without insurance. The MIBI is also responsible for providing advice and guidance to the insurance industry in Ireland on how to prevent and reduce the incidence of uninsured and unidentified vehicles on the roads in Ireland.

How Does The Motor Insurers Bureau Of Ireland Work?

The MIBI is responsible for assessing and processing claims from victims of road traffic accidents involving uninsured and unidentified vehicles in Ireland. To be eligible for compensation from the MIBI, the victim must be able to provide evidence that the accident was caused by an uninsured or unidentified vehicle. Once the claim has been assessed, the MIBI will determine the amount of compensation that is due to the victim and will then pay out the compensation accordingly.

What Are The Benefits Of Using The Motor Insurers Bureau Of Ireland?

The MIBI provides a fair and just system of compensation for victims of road traffic accidents involving uninsured and unidentified vehicles in Ireland. The MIBI is also responsible for providing advice and guidance to the insurance industry in Ireland on how to prevent and reduce the incidence of uninsured and unidentified vehicles on the roads in Ireland. The MIBI also works to reduce the number of uninsured and unidentified vehicles on the roads in Ireland by carrying out research and campaigns to raise awareness of the risks and consequences of driving without insurance.

What Are The Drawbacks Of Using The Motor Insurers Bureau Of Ireland?

The main drawback of using the MIBI is that the amount of compensation that is available to victims of uninsured and unidentified vehicles is limited. The MIBI is only able to provide compensation up to a maximum of €1.2 million per claim and this may not be enough to cover all the costs associated with the accident. In addition, the claim must be assessed and approved by the MIBI before any compensation can be paid out, which can take some time.

Conclusion

The Motor Insurers Bureau of Ireland (MIBI) is an important organisation that provides compensation to victims of road traffic accidents involving uninsured and unidentified vehicles in Ireland. The MIBI is funded by a levy on all motor insurance policies in Ireland and its mission is to provide a fair and just system of compensation for victims of road traffic accidents involving uninsured and unidentified vehicles in Ireland. The MIBI is responsible for assessing and processing claims from victims of road traffic accidents involving uninsured and unidentified vehicles in Ireland and is also responsible for providing advice and guidance to the insurance industry in Ireland on how to prevent and reduce the incidence of uninsured and unidentified vehicles on the roads in Ireland.