Will Clients of the Insurance Company "Olympic" Get Their Money Back?

Yesterday, we published an article about the withdrawal of the license of the "Olympic" Company, and the consequences for many drivers in Bulgaria who won't have a valid third party liability insurance.

Drivers are not expected to get their money back for the unused period of the policy. Those who still want to seek their rights have to apply to the appointed liquidator of the company in Cyprus and to be listed on the creditor's list.

Nearly 2,000 injured in cars accidents that have to be paid under "Olympic" policies have chances to get their money, but this process is expected to take years. According to the latest data, the "Olympic" Insurance company has at present 198,000 signed third-party liability insurance policies in Bulgaria.

Petya Petrova

Petya Petrova is a journalist, believer, and traveler.

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