This Policy has been created for owners of classic/historic vehicles who are members of FIVA. The specific Insurance Policy covers the liability of the insured drivers of the motor vehicle due to their negligent acts or omissions, for the payment of compensations in the event of an accident caused by the use of the vehicle and additionally it includes several benefits. Moreover, the coverage extends to the participation in classic/historic car races held in Cyprus in accordance with the FIVA International Events Code.
Advantages
- Coverage for participation in the classic/historic car races organized in Cyprus, based on the FIVA international rules (international events code).
- Wide selection of basic and optional coverages.
- Medical coverage for drivers.
- Premium protection following a claim.
- “24 Hours Sinodigos” Service. (24-hour road and accident assistance).
Basic Coverage
The Basic Coverage of the Insurance Policy includes:
- Legal liability for damages to third parties in Cyprus. (In the areas controlled by the Republic of Cyprus).
- Use of the motor vehicle that extends beyond the scope of the legal definition of the term ‘road’.
- “24 Hours Sinodigos” Service. (24-hour road and accident assistance).
- Legal liability arising from participation in classic/historic car races held in Cyprus in accordance with the FIVA International Events Code.
Additional Coverage
Additional Insurance Coverage, depending on the type of motor vehicle, such as:
- Coverage of vehicle’s windscreen and glass damage.
- Personal accidents for the insured and/or each named driver of the Motor Vehicle.
- Legal liability of the insured to third parties related to driving another private vehicle (excluding motorcycles, bus, lorry or special type vehicle) not belonging to him / her, his / her employer or partner and not rented to them.
- Towing other motor vehicles.
- Premium protection following a claim.
- Medical coverage of the insured and the named drivers of the insured vehicle.
Exceptions:
The Policy is subject to exclusions, some of which are:
- War risks.
- Damage to Property during loading or unloading or transportation with the motor vehicle.
- Any passenger unlawfully carried in or on the motor vehicle.
- Driving under the influence of drugs and/or alcohol and/or medication.
- Using the insured motor vehicle as a tool.
- Consequential damage or breakdown, mechanical or electrical damage, tire wear.
- Storm, typhoon, hail, earthquake, riot, strike.
- Overloading the motor vehicle.
- Damage to the insured vehicle.
- Damage to the property of the insured or to members of his/her family.
