This Insurance policy covers the liability of the insured drivers of the motor vehicle due to their negligent acts or omissions, for the payment of compensation in the event of an accident caused by the use of the vehicle, as well as the loss or damage to the motor vehicle, its components and spare parts, as long as these are attached and form part of the vehicle. In addition, it covers loss or damage directly caused by fire, spontaneous combustion, lightning, explosion, theft or attempted theft.
Advantages
- Wide choice of basic and optional covers.
- Loss or damage to the motor vehicle, as a result of any cause not excluded.
- Cover for loss or damage as a result of fire or theft.
- Medical coverage for drivers.
- No claims discount protection.
- “24 Hours Sinodigos” Service. (24-hour road and accident assistance).
Basic Coverage
The Basic Coverage of the Insurance Policy includes:
- Loss or damage to the motor vehicle, its accessories and spare parts, as long as they are attached to and form part of the vehicle, which is directly caused by fire, spontaneous combustion, lightning, explosion, theft or attempted theft, (in the areas effectively controlled by the Republic of Cyprus).
- Legal liability for damages to third parties in Cyprus. (In the areas controlled by the Republic of Cyprus).
- 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.
- Legal liability of passengers to indemnify third-party parties.
- Use of the motor vehicle that extends beyond the scope of the legal definition of the term ‘road’.
- Coverage of vehicle’s windscreen and glass damage.
- Towed vehicles.
- “24 Hours Co-driver” Service. (24-hour road and accident assistance).
Additional Coverage
Additional coverage, depending on the type of the motor vehicle, includes:
- Personal accident for the authorized drivers of the motor vehicle.
- Natural risks, (storm, thunderstorm, flood, natural disaster, falling trees, hail, etc.).
- Premium protection following a claim.
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.
- Motorcycle accessories, unless the motorcycle itself is stolen.
- Consequential damage or breakdown, mechanical or electrical damage, tire wear.
- Storm, typhoon, hail, earthquake, riot, strike.
- Overloading of the motor vehicle.
