PEOPLE WHO USE their private vehicles as taxis and also hire them out are causing major problems for insurance companies in Barbados.
Vice-president of the General Insurance Association of Barbados, Anton Lovell, told the DAILY NATION that the illegal use of vehicles – including road racing – accounted for about 30 per cent of the concerns the industry faced.
He added that uninsured vehicles accounted for 50 per cent of their concerns, and unlicensed drivers the remaining 20 per cent.
“Obviously, when you go to license or register a hired car, it’s much more [in cost] than to register a private car. So you see why people would not register a private car as a hired car, because of all the fees involved.
Read the full story in today’s DAILY NATION.