Features of Car Insurance in Cyprus

 

Car insurance in Cyprus is mandatory for every vehicle registered and used on public roads. This insurance provides financial protection in the event of an accident, whether you are responsible for the accident or are a victim.

 

Why Car Insurance in Cyprus?

·        Legal protection: covers legal costs in the event of a lawsuit being filed against you.

·        Repair of damage: covers the costs of repairing vehicles damaged in an accident.

·        Personal injuries: covers the costs of medical treatment for people injured in an accident.

·        Death: provides financial compensation to the family of the deceased in the event of death as a result of an accident.

 

Types of Car Insurance in Cyprus

·        Basic coverage (mandatory insurance): covers damage to other vehicles and persons in the event of an accident in which you are responsible.

·        Comprehensive coverage: In addition to the basic coverage, covers damage to your own vehicle, whether you are responsible for the accident or not.

·        Additional coverage: Additional coverages can be added such as:

·        Theft protection: covers the costs of theft of the vehicle or its parts.

·        Natural damage protection: covers damage resulting from earthquakes, floods or fires.

·        Personal accident protection: covers personal injuries to the driver and passengers.

 

Factors affecting the value of Car Insurance in Cyprus

·        Type of car: The make, model, age, and horsepower of the car affect the value of the insurance.

·        Driver of the car: The age of the driver, his driving history, and his previous accidents affect the value.

·        Use of the car: The distance you travel annually, where you live, and use of the car for business or personal use affect the value.

·        Chosen coverage: The more coverage you choose, the higher the value of the insurance.

 

How to choose a Car Insurance in Cyprus company?

·        Compare prices: Get quotes from different insurance companies.

·        Coverage: Make sure the coverage offered by the company meets your needs.

·        Company reputation: Look for insurance companies with a good reputation and good customer service.

·        Reviews: Read reviews from previous customers of the company.

 

Important tips about Car Insurance in Cyprus

·        Compare offers: Don’t accept the first offer you get; compare offers from different insurance companies.

·        Read terms and conditions: Understand the terms and conditions of the insurance policy before signing it.

·        Keep all documents: Keep all documents related to the insurance in a safe place.

·        Report any accident to the company: In the event of an accident, notify the insurance company immediately.