A word missing? Ask us and we explain it.
| English | Hungarian (on your papers) | What it means |
|---|---|---|
| insurance broker | alkusz | Works on the client's behalf and compares insurers; not the insurer. Biztosítás Pont (Gyémántház Kft.) is a broker. |
| insurer | biztosító | The company that issues the policy and pays the claims. |
| policy (policy document) | kötvény | The document that states your cover, the sum insured, the excess and the period. |
| policy terms | biztosítási feltétel | The insurer's general rules for the product: what is covered and what is excluded. |
| compulsory motor third-party liability insurance (MTPL) | KGFB (kötelező) | Required for every vehicle; pays the damage you cause to others, not your own car. |
| casco (cover for your own vehicle) | casco | Optional; pays damage to your own car, also when you caused the accident. |
| bonus-malus class (no-claims class) | bonus-malus (besorolás) | Fifteen classes from M04 to B10, A00 is the base; a claim moves you back. It belongs to the registered keeper. |
| registered keeper | üzemben tartó | The person the vehicle is registered to for use; the KGFB policy and the bonus-malus class are theirs. |
| policy anniversary | évforduló | The date the insurance year renews; KGFB can be switched only for this date. |
| cancellation (notice of cancellation) | felmondás | For KGFB it must arrive at least 30 days before the anniversary. |
| non-payment of the premium | díjnemfizetés | For KGFB the policy ends on the 60th day after the due date if the premium is unpaid. |
| uninsured-period fee | fedezetlenségi díj | Charged for days a vehicle had no KGFB; collected by the next insurer, up to five years back. |
| green card (international motor insurance card) | zöldkártya | Proof that your KGFB is valid in the green card countries. |
| vehicle registration certificate | forgalmi engedély | The vehicle's official document; needed for a car insurance offer. |
| sale contract | adásvételi szerződés | The contract of a vehicle sale; ownership transfer starts the buyer's KGFB duty. |
| joint accident report form | baleseti bejelentő | Filled in by both drivers after an accident; it is not an admission of liability. |
| claim notification | kárbejelentés | Reporting a loss to the insurer; deadlines differ by product, from 2 to 30 working days. |
| claims handling | kárrendezés | The insurer's assessment and payment of a claim. |
| excess (US: deductible) | önrész | The part of a loss you pay yourself; stated on the policy. |
| sum insured | biztosítási összeg | The value the policy insures; if it is too low, the insurer may pay only in proportion. |
| underinsurance | alulbiztosítás | The sum insured is lower than the real value, so claims are paid in proportion. |
| waiting period | várakozási idő | Time after the start during which a risk is not yet covered, for example 15 or 30 days for flood. |
| home insurance | lakásbiztosítás | Covers the home and belongings; tenants can insure their own belongings. |
| certified consumer-friendly home insurance | MFO | Minősített Fogyasztóbarát Otthonbiztosítás: a standardised home insurance product type. |
| travel insurance | utasbiztosítás | Medical costs, luggage and more on trips abroad. |
| trip cancellation insurance | útlemondási biztosítás | Usually a separate add-on; pays only for the reasons the terms list. |
| EHIC (European Health Insurance Card) | EEK | Public health card for EU trips; does not cover mountain rescue, private doctors or repatriation. |
| assistance service | asszisztencia | The insurer's help line; on a trip, call it first. |
| Hungarian public health insurance | TB (társadalombiztosítás) | The state system; private health insurance works next to it, not instead of it. |
| private health insurance | egészségbiztosítás | Either organises private care up to limits, or pays a fixed sum for defined events. |
| Central Bank of Hungary | MNB | The supervisory authority for insurers and brokers. |
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