New law: Insure riding lawn mowers outside of private property - until 2025!

New law: Insure riding lawn mowers outside of private property - until 2025!

According to a report by People's voice, the new law stipulates that motor vehicle liability insurance is required for “unregistered self-propelled work machines and forklifts up to 20 km/h” if they drive on public roads and paths. This also affects owners of ride-on lawnmowers who are away from their private property. Owners now have until January 1, 2025 to take out appropriate insurance.

According to Anja Käfer-Rohrbach, from the General Association of Insurers, this modification is necessary in order to offer private individuals additional insurance protection without them having to look for additional insurance policies. The implementation of this EU directive on motor vehicle liability insurance into German law has led to this planned change in the law.

The effects of this change in the law are complex. For the insurance industry, this means a potential expansion of its product portfolio to include special motor vehicle liability insurance for owners of slow vehicles. Consumers must prepare for additional costs and administrative burdens as they have until January 1, 2025 to obtain the necessary insurance. This could lead to an increase in demand for corresponding insurance products.

Overall, the change in the law provides insurance companies with the opportunity to develop and offer new insurance products while ensuring consumers have effective insurance coverage for their riding lawn mowers and similar low-speed vehicles.