Most insurance companies in Greece offer three main packages for auto insurance :
- Third party liability coverage ( Compulsory by Greek law )
- Fire and theft ( optional )
- Fully comprehensive ( optional )
A brief explanation of each coverage part is listed below
Third party liability insurance ( compulsory )
BODILY INJURY TO OTHERS
This coverage pays for damages if you are legally responsible for an accident in Greece injuring someone else . It also provides for legal defense and court costs .
This coverage pays for damages to someone else whose auto or other property is damaged in an accident if you , or someone using your auto with your consent is legally responsible .
Fire and theft insurance ( optional )
All the above and …..
This coverage will pay for total or partial loss of your vehicle after an event of accidental fire due to electrical or mechanical fault .
VANDALISM AND TERRORIST ACTS
Pays for damages to your vehicle , if you are a victim of terrorist attack or vandalism . Excess might be applicable .
BREAKAGE OF WINDOWS ( EXCLUDING SIDE MIRRORS )
Will compensate any loss from breakage of your rear-side or front vehicle windows from any cause whatsoever . In some cases excess might be applicable .
TOTAL OR PARTIAL THEFT
This will totally or partially reimburse you for losses due to theft . Usually pays after a period of 3 months from officially declaring to the local authorities ( police ) the event . Excess can be applicable .
WIND, HAIL, STORM, FLOOD
This will pay for direct and accidental damage to or loss of your auto , due to non collision situations , such as wind, hail, storm, flood . Excess can be applicable .
This service will cover all expenses for the towing of your car to the nearest authorized garage , in the event of mechanical – electrical breakdown , or in the event of a car crash , were your vehicle is not able to move under its own powers .
UNINSURED VEHICLES COVER
Pays for losses caused by uninsured vehicles .
All the above and ……
DAMAGES CAUSED TO YOUR OWN VEHICLE DUE TO ACCIDENT
Compensation of the costs required to bring your vehicle back to its previous state , after an accident caused by your own responsibility. Excess always applicable .
Note : The above information is only a general description of the available coverages and is not a statement of contract . Some coverage may be subject to individual insureds meeting underwriting qualifications and to availability .