Cosmos Insurance Casco (own-damage car insurance) (Mydriveplus Casco)
Underwritten by Cosmos Insurance Company Public Ltd · Cyprus
casco (own-damage car insurance) from Cosmos Insurance for the Cyprus market, with 24/7 assistance.
Verified Aug 24, 2026 · Terms dated 2025-06-01Sources
Unique selling points
Innovative risk-assessment pricing model where better risk ratings lead to lower premiums.
24/7 roadside assistance included among the plan's additional coverages.
24/7 accident care service as part of the additional coverages offered.
Windscreen, windows and glass cover offered alongside off-road driving and vehicle towing extensions.
Backed by a 40+ year track record and trusted by more than 50,000 customers for fast and fair claims payment.
Coverage limits
Own Damage / Comprehensive Cover
Covered
myDRIVEplus can extend the compulsory third-party liability cover to full comprehensive cover against loss or damage to the insured vehicle itself.
Section: myDRIVEplus – Private Vehicle Insurance
myDRIVE plus can be offered in order to satisfy the compulsory by law requirements for third party liability cover for damages that may be caused to third parties and can also be extended to offer full comprehensive cover against loss or damage to the insured vehicle itself.
Total Loss
No limit stated
No specific total loss provisions or limits are stated separately in the available sources.
Partial Loss
No limit stated
No specific partial loss provisions or limits are stated separately in the available sources.
Theft / Robbery
No limit stated
No explicit mention of theft or robbery cover is made for myDRIVEplus in the available sources.
Windscreen / Windows / Glass Cover
Optional
myDRIVEplus offers windscreen, windows and glass cover as one of its additional coverages; described as an optional benefit by an independent comparison source.
Section: myDRIVEplus – Private Vehicle Insurance
Windscreen / Windows / glasses cover
Natural Perils
No limit stated
No mention of natural perils/hazards cover is made for myDRIVEplus in the available sources.
Vandalism
No limit stated
No mention of vandalism cover is made for myDRIVEplus in the available sources.
24/7 Roadside Assistance
Optional
myDRIVEplus lists Roadside Assistance (24 hours, 7 days a week) among its additional coverages.
Section: myDRIVEplus – Private Vehicle Insurance
Roadside Assistance (24 hours, 7 days a week)
Replacement Vehicle
No limit stated
No mention of a replacement or courtesy vehicle benefit is made for myDRIVEplus in the available sources.
Driver Personal Accident
€13K
myDRIVEplus offers an optional Personal Accident benefit for the Authorized Driver (available under comprehensive cover); the total amount payable under this benefit does not exceed €13,000 and it does not cover persons under 18 or over 70 years old.
Section: Υπάρχουν περιορισμοί στην Κάλυψη;
Το ολικό ποσό για την επιπρόσθετη κάλυψη προσωπικών ατυχημάτων δεν θα υπερβαίνει τις 13.000€ και δεν καλύπτει άτομά κάτω των 18 ή άνω των 70 ετών.
Key conditions
Driver age and experience limit
myDRIVEplus is addressed to owners of private vehicles who are over eighteen (18) years old and hold a legal driving license.
Repair network requirements
Not specified in the available sources.
Anti-theft requirements
Not specified in the available sources.
Claim notification deadline
Not specified in the available sources.
Deductible rules
There is a basic excess (deductible) applicable to comprehensive own-damage claims; it is not applied when the claim relates solely to the windscreen, and the excess amount payable may be increased above the basic amount if the driver is under 25 or over 70 years old.
SourcePage 1Section: Υπάρχουν περιορισμοί στην Κάλυψη;
Δεν θα αποζημιώσουμε το ποσό που αντιστοιχεί στο ποσό ιδίας κράτησης (για περιεκτική κάλυψη) εκτός εάν η απαίτηση αφορά ανεμοθώρακα. Το ποσό ιδίας κράτησης μπορεί να αυξάνεται από το βασικό αν ο οδηγός είναι κάτω των 25 ή άνω των 70 ετών.
Direct payment
The Cosmos Insurance Motor Insurance Policy Booklet (myDRIVEplus) does not describe an automatic cashless/direct-billing arrangement with repair garages. Under the general terms, indemnity due under the policy is paid as a cash sum, and where the insured vehicle is subject to a hire-purchase or loan (debt-guarantee) agreement, any cash payment due under the policy is made to the hire-purchase owner or registered lender named in that agreement rather than to the policyholder, indicating a reimbursement/cash-indemnity settlement model rather than a direct-payment-to-provider model.
Territorial scope
Not specified in the available sources.
Documents
myDRIVEplus IPID (Insurance Product Information Document) (opens in a new tab)
Product information sheet · PDF
Motor Insurance Policy Additional Information (access to policy wording, Version MT/V.5/2025) (opens in a new tab)
Terms & conditions · PDF
myDRIVEplus Product Page (opens in a new tab)
Other document · PDF
Policy specifics
Windscreen Protection
Optional benefit providing coverage for damage to windshield, glasses and windows
SourceClause 3Page 22Section: Section 6. > Optional Covers > 3. Windscreen Cover
In consideration of the payment of an additional Premium, it is hereby declared and agreed that in the event of breakage of the windscreen or of any other glass window of the Insured Vehicle and provided that the Insured Vehicle has not simultaneously suffered any other damage, we shall pay for the replacement of the windscreen and/or of the window […] which broke, for the amount stated in the Policy Schedule per Insurance Period.
Off-Road Use Extension
Optional extension allowing use of vehicle off public roads, subject to policy conditions
SourceClause 2Page 22Section: Section 6. > Optional Covers > 2. Extension of Cover beyond "Road" use
In consideration of the payment of an additional Premium, it is hereby declared and agreed that the coverage offered under Section 1 (1) of the Policy is extended so as to include the use of the Insured Vehicle anywhere in Cyprus, apart from the takeoff, landing and parking fields of aircrafts. […] The phrase “Road” in paragraph 1 of Section 1 of the Policy is considered as deleted. […] From this Section, any covers expressly referred in the Policy Schedule have effect and form an inseparable part of the Policy. In addition all terms and exclusions of the Policy are effective and applicable to these covers as well.
Comprehensive Cover
Extended coverage against loss or damage to the insured vehicle itself, in addition to third-party liability
SourceSection: myDRIVEplus – Private Vehicle Insurance
myDRIVE plus can be offered in order to satisfy the compulsory by law requirements for third party liability cover for damages that may be caused to third parties and can also be extended to offer full comprehensive cover against loss or damage to the insured vehicle itself.
Passenger Liability Coverage
Additional coverage listed on the official product page providing liability cover for passengers of the insured vehicle.
SourceSection: myDRIVEplus – Private Vehicle Insurance
Passenger Liability Coverage
Extension for Towing Another Vehicle
Additional coverage listed on the official product page extending cover to towing another vehicle.
SourceSection: myDRIVEplus – Private Vehicle Insurance
Extension for Towing another vehicle
Risk Assessment Model
myDRIVEplus is based on an innovative model of risk assessment that evaluates various risk factors to determine premium pricing
SourceSection: myDRIVEplus – Private Vehicle Insurance
myDRIVE plus is based on an innovative model of risk assessment that takes into account various risk factors that assess and evaluate the level of risk which determines the premium the customer is required to pay for his cover.
Driver Eligibility Requirements
myDRIVEplus is addressed to owners of private vehicles who are over eighteen (18) years old and hold a legal driving license
SourceSection: myDRIVEplus – Private Vehicle Insurance
myDRIVE plus is addressed to owners of private vehicles who are over eighteen (18) years old and hold a legal driving license.
Compulsory Third-Party Liability
myDRIVEplus satisfies the compulsory by law requirements for third party liability cover for damages caused to third parties
SourceSection: myDRIVEplus – Private Vehicle Insurance
myDRIVE plus can be offered in order to satisfy the compulsory by law requirements for third party liability cover for damages that may be caused to third parties
Sources
- cosmosinsurance.com.cyhttps://cosmosinsurance.com.cy/wp-content/uploads/2021/05/IPID-myDRIVEplus.pdf#page=1(opens in a new tab)
- cosmosinsurance.com.cyhttps://cosmosinsurance.com.cy/wp-content/uploads/2021/06/%CE%92%CE%B9%CE%B2%CE%BB%CE%B9%CE%AC%CF%81%CE%B9%CE%BF-%CE%91%CF%83%CF%86%CE%B1%CE%BB%CE%B9%CF%83%CF%84%CE%B7%CF%81%CE%AF%CE%BF%CF%85-%CE%9C%CE%B7%CF%87%CE%B1%CE%BD%CE%BF%CE%BA%CE%AF%CE%BD%CE%B7%CF%84%CF%89%CE%BD-%CE%9F%CF%87%CE%B7%CE%BC%CE%AC%CF%84%CF%89%CE%BD-V.3-2020.pdf#page=47(opens in a new tab)
Cosmos Insurance Casco (own-damage car insurance)