It is an agreement between insurance companies, which applies, under certain conditions, to compensation for vehicle accidents. It is a way of compensating and managing the material damages and small bodily injuries, which is mainly achieved by speed and reduction of court disputes. Specifically, with the 'Immediate Payment System (IMP), the one who is not to blame or to the extent that he is not to blame for the accident is compensated by his own insurance company, provided that the following conditions are met:
- The insurance companies of the vehicles involved participate in the Immediate Payment System.
- Compensation for material damages does not exceed the amount of € 6,500 per accident and for any bodily injuries, € 30,000 for each accident in total, with a maximum of € 12,000 per person. In case of an accident with a collision of more than two vehicles, the current limit of material damage is applied per settlement between the respective two vehicles.