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28 Jul 2021
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Quote:
Originally Posted by dooby
First two options are not registered insurance providers at all
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Concerning Motocamp Bulgaria (the second of the two options you referred to), I believe that what that company does is go out and buy a standard "green card' insurance policy for the customer from the Bulgarian insurance provider, then mail that policy - meaning, the green card - to the customer.
I have used them in the past and been quite happy with their service. The insurance provider in Bulgaria has very low rates when compared to insurance providers in other countries that issue 'green card' coverage for out of region motorcycles.
This post from a few years back provides more information: Bulgaria- Motocamp
Michael
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29 Jul 2021
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EU vehicles don't need an oval sticker because it is incorporated in the license plate.
British vehicles driving in Europe do need the oval sticket
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29 Jul 2021
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Quote:
Originally Posted by tohellnback
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Well, not as long as the moto stays in the back of that Twin Otter.
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29 Jul 2021
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Location: Zagreb, Croatia
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Quote:
Originally Posted by PanEuropean
Concerning Motocamp Bulgaria (the second of the two options you referred to), I believe that what that company does is go out and buy a standard "green card' insurance policy for the customer from the Bulgarian insurance provider, then mail that policy - meaning, the green card - to the customer.
I have used them in the past and been quite happy with their service. The insurance provider in Bulgaria has very low rates when compared to insurance providers in other countries that issue 'green card' coverage for out of region motorcycles.
This post from a few years back provides more information: Bulgaria- Motocamp
Michael
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Marking up the price on third party liability coverage/reselling it for higher price is illegal in EU.
Bulgarian authority that overseas and regulates their insurance and financial market:
https://www.fsc.bg/en/
Just facts
BR
Dooby
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29 Jul 2021
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Quote:
Originally Posted by dooby
Marking up the price on third party liability coverage/reselling it for higher price is illegal in EU.
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Dooby:
At the risk of straining a long-time friendship with you, isn't that exactly what you did for many years before you recently acquired your status as an insurance broker?
Let's face it, buying "green card" insurance is like buying gasoline - it's a fungible commodity, all policies offer the same amount of dollar-value coverage.
Michael
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29 Jul 2021
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Quote:
Originally Posted by PanEuropean
Dooby:
At the risk of straining a long-time friendship with you, isn't that exactly what you did for many years before you recently acquired your status as an insurance broker?
Let's face it, buying "green card" insurance is like buying gasoline - it's a fungible commodity, all policies offer the same amount of dollar-value coverage.
Michael
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Nope,
We have created a product from day one that was underwrited by the pool of insurers that enables coverage in the country where the vehicle has been registered for EU residents and non EU residents (hybrid product not of the shelf item). Martin can provide info at any time if it’s needed for his Irish clients.
Reason why I am openly providing facts is that there was already a case that happened in the community in 2019 that stirred looks on all others like we are all scammers and that is not good at all. And I for sure don’t want to be labeled in that way, but I’m providing facts as I have been doing it all the time.
Green card insurance has the largest volume of fraud in the industry, and I am wandering why it is like that
BR
Dooby
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29 Jul 2021
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Strictly speaking there should be no charge for a Green Card other than a possible admin fee at the discretion of the issuer. A lot of insurers, particularly in the UK don't realise this
https://www.mib.org.uk/making-a-clai...n%20of%20cover.
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30 Jul 2021
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Quote:
Originally Posted by TheWarden
Strictly speaking there should be no charge for a Green Card other than a possible admin fee at the discretion of the issuer.
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Hi Warden:
I think your comment, whilst correct, is not directly related to what we have been discussing here.
Your comment & the reference you linked to addresses the issue of whether a European insurer who underwrites a policy for a European rider can charge an additional fee for issuing the actual "green card" document, in addition to issuing the basic policy document.
This discussion has focused on the topic of non-Europeans obtaining insurance coverage for their non-European registered motorcycle. Historically, we non-European riders visiting Europe with our non-European bikes have referred to this as "green card" insurance coverage.
The posts of the last two days in this discussion have discussed whether a third party (a facilitator, so to speak) can purchase insurance coverage for a non-European vehicle, then sell that coverage (which includes a green card) to the non-European rider at a markup over what the actual policy costs.
Michael
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30 Jul 2021
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Point noted, although it might be worth not incorrectly referring to it as a Green Card as this has a specific legal meaning?
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4 Aug 2021
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Mototouring in Italy will insure you for minimum liability cover on a non-EU registered bike.
They refer to it as a Green Card.
I rode a NZ registered bike in the UK for a year with no NZ oval sticker, no one ever asked why.
Yes, the rules say you can only ride a foreign reg bike in UK for 6 months, but I didn't know this at the time, so that was OK then (!)
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Check the RAW segments; Grant, your HU host is on every month!
Episodes below to listen to while you, err, pretend to do something or other...
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