Grawe Insurance Company (Cyprus) Ltd
GRAWE
GRAWE is a motor third-party liability insurance for the Cyprus market with no online purchase and limited assistance availability.
Direct payment
No specific 'direct payment' or friendly-settlement scheme for own-damage/third-party claims was identified for GRAWE Cyprus in the reviewed sources. The standard motor policy procedure requires the policyholder not to admit liability, make an offer, promise or payment without the Company's prior written consent, and to submit a written claim form to the Company or via the insurance intermediary; no direct/first-party indemnity payment mechanism distinct from this standard third-party claims procedure was found.
Geographic scope
Republic of Cyprus (nationwide), excluding areas where the Government of the Republic of Cyprus does not exercise effective control
Republic of Cyprus plus all states that are signatories to Part III of the Unified Agreement (Green Card system); roadside assistance is also available outside Cyprus.
Unique selling points
- Integrated motor insurance policy offering a range of different plans and a wide variety of coverages designed for modern drivers' third-party legal liabilities.
- Dedicated Roadside Assistance line (8000 40 40) providing accident care and roadside support for every vehicle insured with GRAWE.
- Roadside assistance and accident care are available even outside the geographical area of Cyprus.
- Backed by the GRAWE Group, an Austrian insurer with over 195 years of experience operating in 13 countries across Central, Eastern and Southeastern Europe.
Coverage limits
Bodily Injury Liability
Covered
No limit stated
Core Part I (Third Party Liability) cover for the policyholder's legal liability for death or bodily injury caused to third parties through use of the insured vehicle. The exact Limit of Liability applicable is fixed per policy in the Schedule (Πίνακας) rather than stated as a fixed sum in the general policy wording.
Property Damage Liability
Covered
No limit stated
Core Part I (Third Party Liability) cover for the policyholder's legal liability for damage to third-party property caused through use of the insured vehicle. As with bodily injury, the applicable Limit of Liability is set per policy in the Schedule rather than as a fixed sum in the general wording.
Legal Defence / Legal Expenses
No limit stated
The reviewed policy wording (Table of Contents: Part I Third Party Liability, Part II Fire/Theft, Part III Comprehensive Cover) does not list a dedicated legal defence/legal expenses part, so availability under this product could not be confirmed.
Green Card
Covered
Third Party Liability cover extends automatically to the territory of any state that is a signatory to Part III of the Unified Agreement (the Green Card system), with the cover topped up to the minimum amount required by that state's own legislation where the policy limit is lower.
Roadside Assistance
Covered
A dedicated Roadside Assistance line (8000 40 40) provides accident care and roadside assistance for everyone who has insured their vehicle with GRAWE; assistance is also available outside the geographical area of Cyprus.
Driver Personal Accident
No limit stated
Part I of the policy defines the 'third party' entitled to compensation as excluding the driver of the vehicle who caused the loss, and no separate driver personal-accident benefit with a stated sum insured was identified in the reviewed wording.
Passenger Accident
No limit stated
Part I preserves the policyholder's third-party liability for death, bodily injury or property damage suffered by any person carried in or on, boarding or alighting from the insured vehicle, but no separate no-fault passenger personal-accident benefit with a stated sum insured was identified.
Key conditions
Territorial scope
Cover applies within the Republic of Cyprus (geographically defined, excluding areas where the Government of the Republic of Cyprus does not exercise effective control) and extends to states signatory to Part III of the Unified Agreement (Green Card system); roadside assistance is also available outside Cyprus.
Green card rules
Where cover is required because the vehicle is used in the territory of a state that has signed Part III of the Unified Agreement, and the policy's cover is for an amount greater than the minimum required by that state's legislation, the extension follows the rules set out in the policy for such cross-border use.
Driver restrictions
The vehicle must be driven by an Authorised Driver; cover under Part I does not apply if the insured or the person using the vehicle was under the influence of alcohol, drugs or narcotics, or refused or evaded providing a sample when required.
Claim notification deadline
Notification of a claim to the Company is essential whenever the insured vehicle is involved in an accident, and the same procedure applies to windscreen or tyre damage; the policyholder must not admit liability, make an offer, promise or payment without the Company's written consent, and if the standard roadside procedure was not followed must submit a written claim form to the Company or via the insurance intermediary immediately. No specific number of days for MTPL claim notification is stated in the reviewed sources.
Bonus-malus rules
The policy operates a No-Claims Discount; certain minor claims (such as windscreen-only claims, based on the wording found) are stated as not counting as a claim for No-Claims Discount purposes, though the full discount scale was not found in the reviewed sources.
Documents
Motor Vehicle Policy Terms & Conditions (Edition MT-1, 01/2025)
Terms & conditions