If you damage a third party's vehicle in a traffic accident and the amount of compensation exceeds UAH 160,000 (the limit set by law in the Compulsory MTPL), you must pay the difference yourself. Given the cost of modern vehicles, the likelihood of such damage is very high.
Fortunately, you can protect yourself from additional financial costs by purchasing an additional limit with a Voluntary Motor Liability Insurance policy:
UAH 300,000 — recommended for small cities
UAH 600,000 — recommended for cities with a million+ population
UAH 1,000,000 — recommended for cities with a million+ population