The road accident fund’s history
The Road Accident Fund has been in operation for many years and the latest Act and changes were made in 2008. The intention of the RAF has been to compensate individuals who have been victims of personal loss or damage wrongfully caused by another person in a road accident.
Essentially the RAF is a financial safety net provided to protect the road accident victim from the financial and medical consequences of a serious motor vehicle accident.
How the road and accident fund is supposed to cover victims
Third party compensation the RAF is social legislation and was adopted with the view of providing the widest possible cover to road accident victims.
Victims of motor vehicle accidents are faced with extensive and costly litigation, a prolonged claims finalization process and very high administrative costs.
Find out more about the problems with the current national road accident fund system.