In the event of an accident, does a vehicle's compulsory insurance cover the damage caused to the other party?

Compulsory insurance covers, up to a limited amount, the civil liability of the vehicle's driver when damage — both personal injury and material damage — is caused by traffic events. The insurance will cover damage to persons (except damage due to the negligence of the injured party or force majeure unrelated to driving) as well as the material property of the party not at fault in the accident. Compulsory insurance does not cover damage: - Caused to the person of the driver of the insured vehicle. - To the property suffered by the insured vehicle or by goods transported in it. - To property owned by the policyholder, the insured, the owner or driver, as well as that of their spouse or relatives up to the third degree of consanguinity or affinity of the foregoing. - Both personal and material, caused to others, if the insured vehicle had been stolen or driven under the influence of alcohol or other drugs. To expedite the handling of damage caused in an accident, insurers usually provide an amicable statement form. This is a document in which both parties indicate the facts, the damage suffered by their respective vehicles, and their personal details.