Atlantic
Atlantic is a motor casco insurance for the CY market with no online purchase and 24/7 assistance.
Direct payment
Not explicitly stated in sources. Claims are processed through Atlantic's claims department. Insured must notify the company promptly and must not proceed with repairs without prior notification.
Geographic scope
CY
Republic of Cyprus; Third Party cover also applies in any country that has signed the Multilateral Guarantee Agreement. Occupied territories of Cyprus are excluded for the Driving Other Cars benefit.
Unique selling points
- Free 24-hour roadside assistance and accident care service is included as standard across all motor insurance tiers, including the basic Third Party policy.
- The Comprehensive Executive package bundles 11 optional benefits in a single policy, including unlimited glass cover with no NCB impact and no excess, natural perils, strikes/riots, replacement vehicle for up to 4 weeks, and new car replacement.
- Brand new cars stolen or written off within the first 12 months are replaced with a new vehicle of the same type and model, or the current official selling price is paid.
- Personal accident cover for named drivers is flexibly scalable from €20,000 up to €60,000 upon request, covering death, loss of limbs, and loss of eyesight.
- Atlantic Insurance holds one of the highest Solvency II ratios among Cypriot insurers and is reinsured with Swiss Re and other A-rated international reinsurers, providing strong financial security.
Coverage limits
Own Damage (Comprehensive)
Covered
In addition to the minimum cover required by law, the Comprehensive policy provides cover for loss or damage to the insured vehicle. The maximum liability of the Company shall not exceed the market value at the time of such loss or damage, and in no event shall the Company's liability exceed the Insured's estimate of its value as last advised to the Company.
Total Loss
Covered
The maximum liability of the Company in respect of total loss to the insured vehicle shall not exceed the market value at the time of such loss or damage, but in no event shall the Company's liability exceed the Insured's estimate of its value as last advised to the Company. For brand new cars within the first 12 months of the first insurance period, the Company will replace the vehicle with a new one of the same type and model or pay the current official selling price.
Partial Loss
Covered
Covered under the Comprehensive policy as part of own damage cover. The policy covers loss or damage to the insured vehicle. Specific sub-limits or deductible rules apply as per policy terms.
Theft / Robbery
Covered
Loss of or damage to the insured vehicle caused by theft or attempted theft is covered under the Comprehensive and Comprehensive Executive policies. For brand new cars, if the vehicle is stolen during the first 12 months and not recovered within 3 months, the Company will replace it with a new vehicle of the same type and model or pay the current official selling price.
Glass Breakage - Unlimited Amount
Optional
Optional extension (included in Comprehensive Executive package) providing full coverage for breakage of glass in the windscreen and/or windows for an unlimited amount. When covered under this extension, the No Claim Bonus is not affected and the excess does not apply. Note: the base Comprehensive policy includes windscreen cover up to €300; the Third Party Plus tier covers windscreen and all windows up to €350.
Natural Perils Extension
Optional
Optional extension (included in Comprehensive Executive package) covering loss or damage to the insured vehicle caused by natural perils such as flood, typhoon, storm, tempest, hailstorm, cyclone, hurricane, volcanic eruption or earthquake.
Strikes, Lock-outs, Riots, Civil Commotions (Vandalism / Social Perils)
Optional
Optional extension (included in Comprehensive Executive package) covering loss or damage to the insured vehicle caused by strikes, lock-outs, riots or civil commotions. Standard vandalism (malicious damage) is not separately listed as a distinct coverage; social perils are covered under this extension.
24-Hour Roadside Assistance & Accident Care
Covered
Regardless of the coverage tier selected, all types of Atlantic motor insurance provide free 24-hour roadside assistance and free accident care. This is a standard feature universally included across all policy tiers.
Loss of Use - Replacement Vehicle (up to 4 weeks)
Optional
Optional extension (included in Comprehensive Executive package). In the event of a claim for damage to the insured vehicle, the Company will provide the Insured a replacement car at the Company's choice for a maximum period of four weeks.
Personal Accident Cover for Named Drivers
Optional
Optional extension (included in Comprehensive Executive package). Provides personal accident cover to named drivers for €20,000 in the event of an accident resulting in death, loss of limb(s) or loss of eyesight. The amount can be increased to €40,000 or €60,000 upon request. Also included in Third Party Plus tier at €20,000.
Key conditions
driver_age_experience_limit
For Third Party Plus tier: cover applies to any driver aged between 24 and 70 with over 2 years Cypriot/UK regular driving licence. Specific age/experience restrictions for the Comprehensive and Comprehensive Executive tiers are not stated in available sources.
repair_network_requirements
Not explicitly stated in available sources. Full details are contained in Atlantic's relevant Insurance Policy document.
territorial_scope
Primary coverage is within the Republic of Cyprus. Third Party cover also applies in any country that has signed the Multilateral Guarantee Agreement. The Driving Other Cars benefit is limited to the Republic of Cyprus, explicitly excluding occupied areas.
anti_theft_requirements
Not explicitly stated in available sources. Full details are contained in Atlantic's relevant Insurance Policy document.
claim_notification_deadline
Not explicitly stated in available sources. Insured must not proceed with repairs without notifying Atlantic. Full details are contained in Atlantic's relevant Insurance Policy document.
deductible_rules
An excess applies to own damage claims; it is the amount the client will pay for own damage in case of a claim. The excess does NOT apply when a claim is made under the unlimited glass breakage extension (Comprehensive Executive). The exact excess amount is not disclosed in available sources and is determined at policy issuance.
Documents
IPID - Motor Comprehensive (EN) - For Individuals (document index page)
ipid
IPID - Motor Comprehensive (GR) - For Individuals (document index page)
ipid
IPID - Motor Comprehensive (EN) - For Businesses (document index page)
ipid
IPID - Motor Comprehensive (GR) - For Businesses (document index page)
ipid
IPID - Περιεκτική Ασφάλιση Οχημάτων (GR) - Official IPID page
ipid
Policy specifics
Natural Perils Extension
Extension covering loss or damage caused by natural perils such as flood, typhoon, storm, tempest, hailstorm, cyclone, hurricane, volcanic eruption or earthquake
No Claim Bonus Protection
Protects the insured against losing their No Claim Bonus entitlement in the event of submitting a claim
Breakage of Glass - Unlimited Amount
Full coverage for breakage of glass in the windscreen and/or windows for an unlimited amount. When covered under this extension, No Claim Bonus is not affected and excess does not apply
Personal Accident Cover
Personal accident cover for named drivers up to €20,000 in the event of an accident resulting in death, loss of limb(s) or loss of eyesight. Amount can be increased to €40,000 or €60,000 upon request
Loss of Use - Replacement Vehicle
In the event of a claim for damage to the insured vehicle, the Company will provide a replacement car at the Company's choice for a maximum period of four weeks
Driving Other Cars
Covers the policyholder whilst driving a saloon vehicle in the Republic of Cyprus, excluding occupied areas. Provides Third Party cover only
Cover for Loss or Damage to Personal Effects and Cash
The Company covers loss or damage to personal effects and cash found in the insured vehicle caused by fire, lightning, explosion or burglary. Company's maximum liability: €250 for personal effects and €100 for cash
Replacement of Insured Vehicle by New One (Brand New Cars Only)
If the insured vehicle is a brand new car purchased and registered as new, and during the first 12 months of its first insurance period is stolen and not recovered within 3 months or suffers total loss, the Company will replace it with a new vehicle of the same type and model or pay the current official selling price
Cover for Strikes, Lock-outs, Riots and Civil Commotions
The Company compensates for any loss or damage to the insured vehicle caused by strikes, lock-outs, riots or civil commotions
Loss or Theft of Credit Card
The insured and spouse are provided with cover for up to €600 yearly for financial loss due to loss or theft of their credit card
Drawing a Trailer
Third Party cover is provided when a trailer is attached to the insured vehicle
Comprehensive Executive Package
Top-of-the-range policy combining comprehensive coverage with 11 bundled optional benefits including personal accident cover, unlimited windscreen cover, natural perils, loss of use, strikes/riots cover, trailer cover, credit card cover, personal effects cover, and vehicle replacement for new cars
Third Party Coverage Tiers
Motor insurance available in multiple tiers: Third Party (basic legal minimum), Third Party Plus (with glass and personal accident cover), Third Party Fire & Theft, Comprehensive (full own-damage coverage), and Comprehensive Executive (with 11 optional benefits)
24-Hour Roadside Assistance and Accident Care
Regardless of coverage tier selected, all motor insurance types provide free 24-hour roadside assistance and free accident care service
Geographic Coverage Exclusion - Occupied Territories
Driving other cars benefit is limited to the Republic of Cyprus, explicitly excluding occupied areas
Vehicle Replacement - Eligibility Conditions
Applies exclusively to brand-new vehicles registered as new; covers theft only if not recovered within 3 months OR total loss; replacement within first 12 months of first insurance period only