Pancyprian Insurance
Pancyprian Insurance is a motor casco insurance for the CY market with online purchase and limited assistance availability.
Direct payment
The company bears the reasonable cost of protection and removal to the nearest repairers when the motor vehicle is disabled. Direct payment of repair costs is subject to policy limits; loss-of-use compensation is paid directly to the insured at up to EUR 20 per day for up to 10 working days.
Geographic scope
CY
Anywhere in Cyprus including British Sovereign Bases of Akrotiri and Dhekelia, and countries that have signed the Unified Agreement. Claims from areas where the Government of the Republic of Cyprus does not exercise effective control are excluded.
Unique selling points
- Instant online motor insurance quotation and contract delivery available directly through the Pancyprian Insurance website.
- Glass damage (windscreen and windows) covered with zero deductible and zero loading when that benefit is claimed.
- New vehicle replacement available: if the insured vehicle (purchased new, under one year old) suffers damage where repair costs exceed 60% of its value and an equivalent replacement is available in the market, it will be replaced with a brand-new same-specification vehicle.
- Contract available through Pancyprian district offices, insurance intermediaries, and the entire Hellenic Bank branch network across Cyprus.
- Personal accident cover of EUR 5,000 for death or permanent disability included as standard for all insured and authorized drivers aged up to 70.
Coverage limits
Own Damage (Accidental and Unforeseen Loss or Damage)
Covered
The Company will compensate the Insured for accidental and unforeseen loss or damage (which is not excluded), including malicious damage to the Motor Vehicle, its accessories, parts and equipment, provided that they are attached to and form an integral part of the Motor Vehicle. The insured sum is the agreed vehicle value; vehicles must be up to EUR 60,000 in value and up to 20 years old.
Total Loss
Covered
Total loss is covered under the own damage section. In the event of a total loss declaration, no loss-of-use compensation is provided. New vehicle replacement is available if specific conditions are met (loss within first year of registration, purchased new, repair cost exceeds 60% of vehicle value, same vehicle available in market).
Partial Loss
Covered
Partial loss is covered under own damage cover for accidental and unforeseen loss or damage to the Motor Vehicle, its accessories, parts and equipment forming an integral part of the vehicle. Towing and removal costs to the nearest repairer are also covered subject to policy limits.
Theft / Robbery
Covered
Theft of the motor vehicle is covered under own damage cover. Personal belongings cover also extends to loss caused by theft or attempted theft while the motor vehicle was locked, up to EUR 1,000 per incident (excluding money, jewellery, cameras, laptops, phones, and business goods).
Windscreen and Windows Glass Cover
Covered
The Company compensates the Insured against the breakage of glass in the windscreen or windows of the Motor Vehicle up to the applicable limits at any given time. No deductible or loading applies if payment is made for this benefit. An increased limit is available as a paid optional add-on.
Natural Perils Cover
Optional
Cover provided to the vehicle for damages caused by natural perils such as flooding, storm, tempest, tornado, typhoon, cyclone, earthquake or other natural phenomena. Available as a paid add-on at additional cost.
Malicious Damage / Vandalism
Covered
Cover for the Insured for malicious damage to the Insured Vehicle, its parts, spare parts and accessories, provided that they are fitted and constitute part of the Motor Vehicle. Included within own damage cover.
Road Assistance and Accident Care Services
Covered
The Company, through a specialized partner company, provides Road Assistance and Accident Care Services in cases of fuel/oil/water run out, change of tyre, unlocking of doors (except electronic locks), and mechanical or electrical breakdown from an accident. Full services, conditions and benefits are described in document AY(PS)44 on the company website.
Loss of Use Compensation
Covered
The Company compensates the Insured for loss of use of the Motor Vehicle following insured damages at a maximum of EUR 20 per day for up to 10 working days (maximum EUR 200 total). No indemnity is provided if the Motor Vehicle is declared a Total Loss.
Personal Accident Cover for Insured / Authorized Driver
Covered
Cover for the Insured including any authorized driver stated on the Schedule or Cover Note for EUR 5,000 in the event of: (a) Death, (b) Total and permanent loss of sight in one or both eyes, or (c) Loss of one or more limbs by physical severance at or above the wrist or ankle. Persons aged above 70 years are excluded. An increased coverage amount is available as a paid optional add-on.
Key conditions
driver_age_experience_limit
Drivers must be aged between 23 and 70 years old (age last birthday) and must hold a Cypriot or European driver's licence for at least two years. Persons aged above 70 are excluded from personal accident cover.
repair_network_requirements
If the motor vehicle is disabled by reason of an insured loss or damage, the company bears the reasonable cost of protection and removal to the nearest repairers. No specific approved repair network is stated in publicly available sources; specific repair network terms are contained in the full policy document.
territorial_scope
Cover is valid anywhere in Cyprus including British Sovereign Bases of Akrotiri and Dhekelia, and in countries that have signed the Unified Agreement (Green Card system). Claims from areas where the Government of the Republic of Cyprus does not exercise effective control are explicitly excluded.
anti_theft_requirements
For personal belongings cover to apply in cases of theft or attempted theft, the Motor Vehicle must be locked at the time of the incident. No explicit mandatory anti-theft device requirement is stated in publicly available sources for the main vehicle cover.
claim_notification_deadline
No specific claim notification deadline is stated in publicly available sources. Full conditions and notification requirements are contained in the insurance Policy document. Customers may contact the Pancyprian Insurance Customer Contact Centre at 77772171.
deductible_rules
No deductible or loading applies specifically to the windscreen and windows glass benefit when payment is made for that benefit. The possibility of waiving the excess for own damage claims is available as a paid optional add-on. Specific deductible amounts for other covers are not stated in publicly available sources and are defined in the full policy document.
Policy specifics
New Vehicle Replacement
Replacement of the insured Motor Vehicle with a new motor vehicle of the same brand, model and specifications provided specific conditions are met
Windscreen and Windows Glass Cover
Company compensates against breakage of glass in windscreen or windows of the Motor Vehicle up to applicable limits
Road Assistance and Accident Care Services
Services provided through specialized partner company for fuel/oil/water run out, tyre change, door unlocking, mechanical or electrical breakdown from accident
Loss of Use Compensation
Compensation for loss of use of Motor Vehicle following damages with maximum amount of EUR 20 per day for up to 10 working days
Personal Belongings Cover
Cover for loss/damage to personal belongings and clothing of insured (excluding money, jewellery, cameras, laptops, phones) up to EUR 1,000 per incident caused by fire, accident, collision, theft
Geographical Coverage Area
Cover valid anywhere in Cyprus including British Sovereign Bases of Akrotiri and Dhekelia and countries that have signed the Unified Agreement
Vehicle Eligibility Specifications
Motor vehicle to be insured must be: saloon vehicle, for private use, registered in applicant's name, not duty-free, valued at max EUR 60,000, up to 20 years old, up to 2200cc, right-hand drive, hard top, with no modifications
Driver Eligibility Requirements
Drivers must be permanent residents of Cyprus, aged 23-70 years old, with minimum 2 years of valid driving license (Cypriot or European), no accidents or driving convictions in past 3 years, no prior policy rejections or cancellations
Third Party Driving Extension
Third-party liability cover available for driving any other vehicle of same type not belonging to insured, employer, or household member, when not hired under hire purchase agreement
Personal Accident Cover
Cover for insured including authorized drivers for EUR 5,000 in case of death, total permanent loss of sight in one or both eyes, or loss of one or more limbs by physical severance