If you have an insurance policy with a company that has gone into liquidation, you must take out a new policy. You should also know that the Consorcio de Compensación de Seguros cover you up to the legal limit for Mandatory Insurance at the time of the occureence of the accident.

The remainder of the quantity not covered by the Mandatory Motor Insurance will be the amount that the CCS, in its role as liquidator, will take into account during the liquidation and will offer to acquire the credit as per the approved percentage.