Bulgaria already has a 90-percent coverage of civil liability policies of all cars, but it is necessary to clean up the basis for calculations so that the country may be absolutely loyal to the European Union, Borislav Mihailov, head of the Insurance Guarantee Fund told the BANKER. It is a sacred goal the country was not able to achieve for more than two decades and Sofia faced a re-introduction of border controls for Bulgarian cars within EU.
The Guarantee Fund has sent over 200,000 threatening letters to owners of cars without the civil liability policy. Experience shows that about 20% of these owners will likely react, which would raise the range of coverage by about 2 percentage points, i.e. up to 88%. A large part of these cars have not been in motion for years, but their owners have not revoked their registration in the traffic directorate. Others were sold without an official change of ownership and so they are now driven by people who have nothing in common with the official owners, but they are still asked to pay the policy. A huge number of returned lease cars are just occupying parking lots of the lessors. Their sales are slowing down, and the requirement to pay the civil liability is haunting them. Having cleared all these data will be able to prove to the European Union that we have reached the coveted level, said Mihailov .
A new attack against defaulting owners is being prepared by the fund, the head of the Guarantee Fund told the media. The date from the annual technical inspection of cars will be taken for a basis. Car drivers who have not passed the examinations for the past two years and have no civil liability will be politely asked to do so or pay a hefty fine, Mihailov spilled the news.
The BANKER
