Cosmos Insurance Company Public Ltd
Cosmos Insurance
Cosmos Insurance is a motor casco insurance for the Cyprus market with no online purchase and 24/7 assistance.
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.
Geographic scope
Cyprus
Not specified in the available sources.
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.
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.
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; described as an optional benefit by an independent comparison source.
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
No limit stated
myDRIVEplus lists '24-hour accident care' as an additional coverage, but this appears to be an emergency response service rather than a personal accident indemnity benefit; no separate driver accident benefit is stated.
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.
Territorial scope
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
Not specified in the available sources.
Where to buy
Policy specifics
Windscreen Protection
Optional benefit providing coverage for damage to windshield, glasses and windows
SourceSource no longer reachableOff-Road Use Extension
Optional extension allowing use of vehicle off public roads, subject to policy conditions
SourceSource no longer reachableComprehensive Cover
Extended coverage against loss or damage to the insured vehicle itself, in addition to third-party liability
SourcePassenger Liability Coverage
Additional coverage listed on the official product page providing liability cover for passengers of the insured vehicle.
SourceExtension for Towing Another Vehicle
Additional coverage listed on the official product page extending cover to towing another vehicle.
SourceRisk Assessment Model
myDRIVEplus is based on an innovative model of risk assessment that evaluates various risk factors to determine premium pricing
SourceDriver Eligibility Requirements
myDRIVEplus is addressed to owners of private vehicles who are over eighteen (18) years old and hold a legal driving license
SourceCompulsory Third-Party Liability
myDRIVEplus satisfies the compulsory by law requirements for third party liability cover for damages caused to third parties
SourceSources
- https://www.carinsurancecyprus.com/car-insurance-providers/cosmos-insuranceSource no longer reachable