Gránit Biztosító Motor third-party liability (Kgfb)

Qualifying international-haulage fleets (tractor units, trailers over 10t, or trucks over 12t) can pay premiums in EUR and receive an additional 1% discount for doing so.

The insurer publishes its own detailed vehicle value-depreciation (értékcsökkenés) calculation methodology, based on the MABISZ method developed by a forensic expert, on its website for transparency.

Employees and pensioners of a named list of partner companies (including Gránit Bank, Waberer's group companies, Vodafone Magyarország and others) receive a dedicated 'key partners' premium discount.

A combined electronic-communication and payment-method discount table lets customers stack savings for choosing e-communication together with transfer, card or direct debit payment on top of the annual/half-yearly payment discount.

Driver restrictions

There is no named-driver restriction; the insured is the vehicle keeper holding the policy and any person driving the vehicle. However, the insurer/Compensation Fund can seek recourse against the driver or keeper for the paid claim amount in specific cases, e.g. driving without the keeper's permission, deliberate unlawful damage, driving under alcohol/drug influence, driving without a valid licence, hit-and-run/failure to assist, or a keeper's breach of disclosure or notification duties.

Claim notification deadline

The injured party must report the claim to the insurer within 30 days of the event or of becoming aware of it; the insured (policyholder/driver) must notify the insurer in writing within 5 business days, providing the data and circumstances needed for claims handling.

Bonus-malus rules

The bonus-malus system comprises one base class (A00), 10 bonus classes and 4 malus classes. Policyholders with a claim-free history move up a bonus class; those who caused a compensable claim move down towards malus classes, based on claims data recorded during the period between the preceding and new insurance periods.

Territorial scope

The policy's territorial scope covers the territory of the EEA member states and the countries of the Green Card system whose national bureau has a bilateral agreement with the Hungarian National Bureau.