Few scooter operators pay for insurance
Image by Shutterstock.com
According to the estimates of the Hungarian Association of Independent Insurance Brokers (FBAMSZ), only 15-20% of the approximately 600,000 scooters operating in Hungary regularly pay the compulsory motor third party liability insurance premium (KGFB), writes profitline.hu.
The organization highlighted in a statement this week that some owners may not even be aware that the insurance obligation applies not only to vehicles with license plates, but to all mopeds on
Scooter owners who have failed to pay premiums so far do not have to fear retaliation due to their previous failure to take out insurance, because unlike motor vehicles, they do not have an indemnity premium that they would have to pay retroactively, Zsolt Cselovszki, member of FBAMSZ's board, pointed out in the statement.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.