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98% of cars in Bulgaria have insurance

NEWS_PUBLISH_DATE 01 December 2017
98% of cars in Bulgaria have insurance image

After the Guarantee Fund started providing information to the Traffic Police about vehicles without civil liability, 98% of cars in Bulgaria have already taken out compulsory insurance. This was announced by Deputy Chairman of the Financial Supervision Commission (FSC) - Ralitsa Again.

It is important to note that cars without a policy are not removed from the report immediately. The Traffic Police sends reminder letters to the owners of the given vehicle. Each owner has one month to conclude Civil Liability after receiving the notification letter. If after this period the vehicle does not have a renewed Civil Liability, it will be stopped by motorists.