Insurance Beat

Motor

Did you know that motor insurance is as old as the first car ever released globally?

The first motor insurance was provided in 1897 in Ohio, USA, just eleven years after releasing the first car in the world! Motor insurance is now self-evident and, therefore, mandatory. However, there are many additional coverages to upgrade your "basic insurance package" and cover every possible event.

Motor

Frequent Questions

How can I contact you?
  • Calling us at 210 93 76000 (charge based on each provider)
  • Via email at [email protected]
  • At our headquarters, at 171 Andrea Syggrou Avenue, 17121, Nea Smyrni
When does the insurance coverage start, and when does it end?

In order for your insurance to take effect, you must have paid the first instalment premium or the total premium, depending on the frequency of payment you have chosen. The duration of the insurance (start and end time and time) is stated in the insurance policy. The insurance can be renewed with the same or other terms and coverages, provided that the premium for the next period is paid within the specified payment date.

What additional coverages can I add to my vehicle insurance policy?

For the car:

  • Roadside assistance
  • Crystal breakage
  • Legal protection
  • Fire coverage
  • Terrorist attacks
  • Theft coverage
  • Own damages
  • Malicious acts of third parties
  • Accident care
  • For the engine
  • Fire coverage
  • Theft coverage
  • Natural phenomena coverage

For the motorcycle:

  • Fire coverage
  • Theft coverage
  • Natural Phenomena coverage
  • Roadside Assistance
  • Legal Protection
  • Accident care
     
What factors shape car premiums?

Pricing is done by each insurance company based on the risk factors that each company has assessed as essential. Indicatively, common factors that affect the cost of the insurance policy are the following:

  • Driver’s age
  • Vehicle’s usage
  • The vehicle's characteristics (cubic capacity, horsepower, value, year of manufacture, etc.).
  • Damages’ History
  • The premiums payment method.
  • The geographical region in which the vehicle usually moves.
Are there any exceptions to motor third party liability coverage?

The law provides three exceptions to liability insurance:

  • Damage caused by a driver who does not have a provided driving license.
  • Damage caused by a driver who at the time of the accident was under the influence of alcohol or toxic substances, if this violation is causally related to the cause of the accident.
  • Damage caused by a driver who uses his vehicle for a different use than the one provided in the insurance policy and his registration, if this use is causally related to the cause of the accident.

In these cases, the insurance company pays compensation to the injured third party and is entitled to sue the insured and claim what was paid to the injured third party.
 

What is the Immediate Payment System?

It is an agreement between insurance companies, which applies, under certain conditions, to compensation for vehicle accidents. It is a way of compensating and managing the material damages and small bodily injuries, which is mainly achieved by speed and reduction of court disputes. Specifically, with the 'Immediate Payment System (IMP), the one who is not to blame or to the extent that he is not to blame for the accident is compensated by his own insurance company, provided that the following conditions are met:

  • The insurance companies of the vehicles involved participate in the Immediate Payment System.
  • Compensation for material damages does not exceed the amount of € 6,500 per accident and for any bodily injuries, € 30,000 for each accident in total, with a maximum of € 12,000 per person. In case of an accident with a collision of more than two vehicles, the current limit of material damage is applied per settlement between the respective two vehicles.
     
What documents do I need to insure my vehicle?

The following documents are required for motor third-party liability insurance:

  • Copy of driving license (diploma).
  • Copy of vehicle registration certificate
  • Purchase invoice for new vehicles
     

Insurance Programs

Health
The world's first health insurance was provided in 1929 in Dallas, USA.
Citizens could pay 50 cents at their local clinic, and if the time came to have children, they did not have to pay anything!
Motor
Did you know that motor insurance is as old as the first car ever released globally?
Property
Property insurance has been offered in almost all countries since the beginning of the previous century!
Liability
By "civil liability", we mean liability to third parties.
Legal Protection
It is usually offered as an additional coverage to motor and property insurance.
Roadside assistance
Drive carefree short or long routes, in Greece or abroad.
Marine Insurance
Drive carefree short or long routes, in Greece or abroad.
Personal Accident
It is essential to deal with the "bad timing" by securing our health and income.
Investment
We invest to grow and insure to protect.
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