Atlantic Insurance Co. Public Ltd
Atlantic
Atlantic is a motor casco insurance for the Cyprus market with no online purchase and 24/7 assistance.
Direct payment
Atlantic Insurance's own Comprehensive Motor (Casco) product materials and FAQ do not state a single explicit direct-settlement clause; they only promise "comprehensive coverage at competitive prices and prompt and fair claims settlements" and describe the excess as "the amount a client will pay for own damage in case of a claim." General Cyprus market practice for comprehensive motor cover (which Atlantic follows) is that if the insured uses an approved/network repairer the insurer pays the garage directly, while repairs done at a non-approved garage are typically reimbursed to the policyholder in cash, minus the applicable excess.
Geographic scope
Republic of Cyprus (government-controlled areas)
Cover applies within the Republic of Cyprus; the Driving Other Cars extension explicitly excludes the occupied areas, and third party cover extends to countries that have signed the Multilateral Guarantee Agreement.
Unique selling points
- Comprehensive Executive bundles 11 own-damage benefits — personal accident, unlimited glass, No Claim Bonus protection, natural perils, replacement car and more — into one flagship package.
- Windscreen and window glass breakage under Comprehensive Executive is covered for an unlimited amount with no excess and no impact on the No Claim Bonus.
- No Claim Bonus Protection safeguards the policyholder's bonus entitlement even after submitting a claim, subject to limits.
- Every motor policy, regardless of tier, includes free 24-hour roadside assistance and accident care through the Atlantic Rescue Line.
Coverage limits
Own Damage Cover
Covered
Comprehensive covers loss of or damage to the insured vehicle in addition to the minimum third party cover required by law; maximum liability for total or partial loss does not exceed the vehicle's market value at the time of loss, nor the insured's last-advised estimate of value.
Total Loss Compensation
Covered
The maximum liability of the Company for total loss of the insured vehicle shall not exceed the market value at the time of loss, and in no event shall it exceed the insured's last-advised estimate of value.
Partial Loss / Damage Cover
Covered
Comprehensive covers loss of or damage to the insured vehicle; no separate monetary limit for partial loss is stated beyond the general market-value ceiling.
Theft / Robbery Cover
Covered
Comprehensive cover includes loss of or damage to the insured vehicle, which encompasses theft; the Third Party Fire & Theft tier separately confirms theft or attempted theft is covered, subject to market-value limits.
Windscreen and Window Glass Breakage
unlimited
Only in Comprehensive Executive
Breakage of glass in the windscreen and windows is an optional benefit that can be bought individually or as part of the Comprehensive Executive package; under Comprehensive Executive it is covered for an unlimited amount, with no impact on the No Claim Bonus and no excess applicable.
Natural Perils Extension
Optional
Only in Comprehensive Executive
An optional extension, purchasable individually or within the Comprehensive Executive package, indemnifying loss of or damage to the insured vehicle caused by flood, typhoon, storm, tempest, hailstorm, cyclone, hurricane, volcanic eruption or earthquake.
Vandalism Cover
No limit stated
Vandalism as a distinct peril is not mentioned in the available sources; a related benefit covers strikes, lock-outs, riots and civil commotions.
24-Hour Roadside Assistance and Accident Care
Covered
Regardless of the benefits chosen, all types of motor insurance provide free 24-hour roadside assistance and accident care through the Atlantic Rescue Line.
Loss of Use / Replacement Vehicle
Optional
Only in Comprehensive Executive
An optional Comprehensive Executive benefit: in the event of a claim for damage to the insured vehicle, the Company provides the insured a replacement car at the Company's choice for a maximum period of four weeks.
Personal Accident Cover for Named Drivers
€20,000 – €60,000
Only in Comprehensive Executive
An optional Comprehensive Executive benefit providing cover for named drivers in the event of death, loss of limb(s) or loss of eyesight; the base amount of €20,000 per person can be increased to €40,000 or €60,000 upon request.
Key conditions
Driver age and experience limit
Not stated for the Comprehensive/Comprehensive Executive casco cover itself; a related Third Party Plus extension covers any driver aged between 24 and 70 with over 2 years of Cypriot/UK regular driving licence.
Repair network requirements
Not stated in the available sources.
Territorial scope
Cover applies within the Republic of Cyprus; the Driving Other Cars extension excludes the occupied areas, and third party cover extends to countries under the Multilateral Guarantee Agreement.
Anti-theft requirements
Not stated in the available sources.
Claim notification deadline
Not stated in the available sources.
Deductible rules
The excess is the amount a client will pay for own damage in the event of a claim; specific amounts are set out in the policy schedule/terms. Under Comprehensive Executive, the excess does not apply to windscreen glass breakage claims.
Where to buy
Documents
Motor insurance document index (Individuals): IPID Motor Comprehensive EN/GR, IPID Motor Third Party EN/GR, leaflet, proposal and claim forms
Other document
Motor insurance document index (Businesses): IPID Motor Comprehensive EN/GR, IPID Motor Third Party EN/GR, leaflet, proposal and claim forms
Other document
Policy specifics
Personal Accident Cover
Cover for named drivers in the event of death, loss of limb(s) or loss of eyesight, with base amount of €20,000 adjustable to €40,000 or €60,000
SourceWindscreen Glass Breakage Cover
Unlimited coverage for breakage of windscreen and window glass, with no impact on No Claim Bonus and no excess applicable
SourceNo Claim Bonus Protection
Protection against loss of No Claim Bonus entitlement when submitting a claim, subject to number/amount restrictions over specific insurance periods
SourceNatural Perils Extension
Coverage for loss or damage caused by natural perils including flood, typhoon, storm, tempest, hailstorm, cyclone, hurricane, volcanic eruption or earthquake
SourceLoss of Use / Replacement Hire Car
Provision of a replacement car at company's choice for maximum period of four weeks in event of claim for damage to insured vehicle
SourceDriving Other Cars Cover
Coverage for policyholder whilst driving a saloon vehicle in the Republic of Cyprus (excluding occupied areas), providing Third Party cover only
SourceStrikes, Lockouts, Riots and Civil Commotions Cover
Coverage for loss or damage to insured vehicle caused by strikes, lock-outs, riots or civil commotions
SourceTrailer Drawing Cover
Third Party cover provided when a trailer is attached to the insured vehicle
SourceLoss or Theft of Credit Card Cover
Cover for insured and spouse for financial loss up to €600 yearly resulting from loss or theft of credit card
SourcePersonal Effects and Cash Cover
Company coverage for loss or damage to personal effects and cash found in the insured vehicle
SourceExcess / Deductible
Amount client will pay for own damage in case of claim - specific amounts to be confirmed from policy terms
SourceTotal Loss Compensation Limit
Maximum liability for total loss shall not exceed market value of vehicle at time of loss, and in no case shall exceed insured's estimate of value as last advised to company
SourcePolicy Period / Coverage Duration
Standard policy period is 12 months; shorter periods available upon request with applicable terms, conditions and provisions
Source24-Hour Roadside Assistance and Accident Care
All motor insurance types include free 24-hour roadside assistance and free accident care through Atlantic Rescue Line
Source