Minimum compulsory cover required by Law

• (a)          Bodily injury to or death of any person          Cy£ 2.000.000
• (b)          Emergency treatment to any person             Cy£              20
• (c)          Damage to property                                          Cy£      60.000

 Standard types of insurance cover available

1.       Third Party

Third Party insurance provides the minimum compulsory cover required by Law in respect of the insured’s liability for death or bodily injury to third parties or damage to third party property.

2.       Third Party, Fire & Theft

Third Party Fire & Theft insurance satisfies the minimum legal requirements and in addition provides cover for loss of or damage to the car itself caused by fire, self-ignition, lightning, explosion, theft or attempted theft.

3.       Comprehensive

Comprehensive insurance is the most advanced cover.  In addition to the cover described above, it includes accidental damage caused to the insured vehicle.  The cover under this type of insurance may be enhanced by a number of optional benefits.

Important Underwriting Considerations

The following are some of the important factors that affect the acceptance of the proposed insurance and the pricing of the required insurance cover:

• Ø             Permanent residence of owner
• Ø             Age and driving experience of authorized drivers
• Ø             Accident and driving offences record of authorized drivers
• Ø             Insurance history
• Ø             Age of the car
• Ø             Whether right or left hand drive
• Ø             Engine capacity and power