Eurosure Insurance Company Limited
Eurosure
Eurosure is a motor third-party liability insurance for the Cyprus market with no online purchase and limited assistance availability.
Direct payment
The Company may, at its own option, take over and conduct in the name of the Insured the defence or settlement of any third-party claim, and will pay all costs, interest and expenses incurred with its written consent, including claimant's costs, interest and expenses forming part of the indemnity to third parties.
Geographic scope
Republic of Cyprus (territory under effective government control), extendable to EU Member States and other countries via endorsement
Cover applies within the territory of Cyprus excluding areas where the Government of the Republic of Cyprus does not have effective control. Cover automatically extends to the territory of EU Member States applying Compulsory Third Party Liability Insurance, provided those States have countersigned the Multilateral Guarantee Agreement. Cover for other States where Foreign Bureaux of International Insurance are registered under the Uniform Agreement (Green Card system) applies only subject to a relative Endorsement issued by the Company.
Unique selling points
- No premium loading is applied following a single third-party liability claim, unless more than one claim is submitted within any consecutive two-year period (Endorsement 130).
- Cover extends automatically to EU Member States under the Multilateral Guarantee Agreement without requiring a physical Green Card.
- A dedicated toll-free 'Eurosure Direct' line (800 22030) is available for policyholder service alongside the standard head office contact numbers.
- Optional Road Assistance and Accident Care services can be added, provided through a dedicated sub-contractor network while the vehicle is in use.
- Backed by over three decades of operation since incorporation in 1991 and a panel of international treaty reinsurers including Swiss Re and SCOR Re.
Coverage limits
Bodily Injury Liability
Covered
No limit stated
Indemnifies the Insured and any Authorised Driver against all sums, including claimant's costs, interest and expenses, which they become legally liable to pay as a result of an accident caused by or arising out of the use of the Motor Vehicle, in connection with bodily injury or death (and emergency treatment) to third parties. The exact monetary limit of indemnity is stated in the Policy Schedule and not disclosed in the general Terms and Conditions.
Property Damage Liability
Covered
No limit stated
Indemnifies the Insured and any Authorised Driver against all sums which they become legally liable to pay as a result of an accident caused by or arising out of the use of the Motor Vehicle in connection with damage to third-party property. The exact monetary limit of indemnity is stated in the Policy Schedule and not disclosed in the general Terms and Conditions.
Legal Representation and Defence
Covered
The Company may, at its own option, arrange for representation at any inquest or fatal inquiry and undertake the defence of proceedings in any Court of Law in respect of any act or alleged offence relating to an event which may be the subject of indemnity under the Policy. The Company also pays all costs, interest and expenses incurred with its written consent. No separate monetary limit is stated; this cover forms part of the overall Limits of Liability.
Green Card / International Motor Insurance Card
Conditional
Cover automatically extends, without need for a physical Green Card, to the territory of EU Member States applying Compulsory Third Party Liability Insurance provided those States have countersigned the Multilateral Guarantee Agreement. Cover for the territory of other States where Foreign Bureaux of International Insurance are registered under the Uniform Agreement (the 'Green Card' system) applies only subject to the relative Endorsement being issued by the Company.
Breakdown and Road Assistance
Optional
Endorsement No. 120 extends the Policy to include Breakdown and Road Assistance services provided by an independent Sub-Contractor while the Insured Motor Vehicle is found on a 'Road'. Details of the services, terms and conditions are given to the Insured separately. Eurosure and/or its Managers and/or Insurance Intermediaries accept no liability for the acts, errors, omissions or negligence of the Sub-Contractor providing this service. This Endorsement applies only if indicated in the Policy Schedule.
Personal Accident Cover to the Authorised Driver
€4,500
Endorsement No. 101/101X indemnifies any Authorised Driver, on a scale of benefits (100% for death, permanent total disablement, or loss of sight in both eyes; 50% for loss of sight in one eye, etc.), for death or bodily injury sustained on a 'Road' while driving the insured Motor Vehicle, up to the Limit stated in the Schedule. The Proposal Form's suggested default limit for the Third Party Liability policy is €4,500 (compared to €4,500 for Third Party Fire & Theft/Comprehensive, €9,000 for Comprehensive Silver, and €26,000 for Comprehensive Gold). No indemnity applies if the driver is under 18 or over 70, or if the accident is linked to intoxication, suicide or intentional injury. This benefit applies only if the relevant Endorsement is indicated in the Schedule.
Indemnity to Passengers (Third Party Liability Extension)
Optional
Endorsement No. 3 extends the indemnity under 'Liability to Third Parties' to cover any passenger or other person (other than the driver) carried in, entering or alighting from the Motor Vehicle, against sums they become legally liable to receive for bodily injury, death, emergency treatment or property damage, in consideration of payment of an Additional Premium. General Exception No. 7 (which otherwise excludes persons in/entering/leaving the vehicle) is deleted once this Endorsement is issued. Without this Endorsement, passengers are not indemnified under the base Third Party Liability cover.
Key conditions
Territorial scope
Covers use of the Motor Vehicle within Cyprus (excluding areas outside effective government control); automatically extends to EU Member States applying Compulsory Third Party Liability Insurance where the Multilateral Guarantee Agreement has been countersigned; extends further to other States registered under the Uniform Agreement (Green Card system) only if a relative Endorsement has been issued by the Company.
Green card rules
For States that have signed the Multilateral Guarantee Agreement, the greater of the Policy's indemnity or the minimum required by that State's law applies automatically, without need for a physical Green Card. For States outside this Agreement where a Foreign Bureau of International Insurance is registered, cover applies only if the Company has issued the relative Endorsement, in consideration of an Additional Premium, and indemnity is limited to the minimum required by that State's law.
Driver restrictions
Standard Endorsements 9/9A exclude liability while the vehicle is driven by, or in the custody of, any person under 23 (or 25, depending on the Endorsement issued) or over 70 years of age, or who holds a Learner's Driving Licence or has held a Full Driving Licence for less than two consecutive years, unless approved in writing by the Company. Endorsement 131 further restricts learner drivers aged 17.5-18 or over 18 unless accompanied by a qualifying 'co-driver' meeting minimum age and licence-experience requirements; no cover applies to passengers other than the co-driver while a learner driver is at the wheel.
Claim notification deadline
The Insured must give notice of any occurrence which may give rise to a claim to the Company as soon as possible/immediately, with full particulars; every letter, claim, writ, summons and process must be forwarded to the Company immediately on receipt. The Police must be notified immediately of any accident or criminal act (e.g. theft) that may give rise to a claim; failure to do so voids liability under the Policy.
Bonus-malus rules
Under Endorsement No. 130 ('Protection - No Loading Due to a Claim'), no additional premium is charged following submission of a claim under the Third-Party Liability Cover unless more than one claim is submitted within any consecutive two-year period. If more than one claim is submitted in such a period, an additional premium (loading) is charged based on all claims except the one with the lowest paid/estimated amount.
Documents
Motor Vehicle Third Party Insurance - Terms and Conditions
Terms & conditions
Motor Vehicle Comprehensive Insurance - Terms and Conditions (includes Section II Liability to Third Parties)
Terms & conditions
Motor Insurance Proposal Form (includes benefits/extensions comparison table across policy tiers)
Table of benefits
Policy specifics
Windscreen Cover
Coverage for breakage or damage to windscreen and window glass of the insured vehicle
SourcePersonal Accident Cover
Coverage for bodily injury or death of the insured and authorized drivers whilst driving the motor vehicle
SourceLoss of Use of Own Vehicle
Daily allowance for loss of use of the insured vehicle, maximum 15 days per claim
SourceCover against Earthquake, Storm, Tempest, Flood
Optional coverage for damage caused by natural disasters including earthquake, storm, and flooding
SourceCover against Riots, Strikes, Civil Commotions
Optional coverage for damage caused by riots, strikes, and civil commotions
SourceNo Claims Bonus Protection
Optional protection of No Claims Discount in own damage coverage after making a claim
SourceReplacement of Vehicle with a New One
Coverage providing replacement with a new vehicle for vehicles up to 12 months old if written off
SourcePolice Notification Requirement
No liability attaches to the insured if police is not called immediately to the scene of an accident for which a claim may be made
SourceFull Adherence to Terms and Conditions
Full adherence to the Terms and Conditions of the Policy is a condition precedent to any admittance of liability
SourcePremium Payment Requirement
No liability is accepted by the Company until the proposal has been accepted and the first premium paid
Source