Interamerican Hellenic Insurance Company S.A.

Territorial scope

MTPL coverage applies within Greek territory, all EU/EEA member states, and other states whose National Green Card Bureaux have co-signed the Multilateral Guarantee Agreement (Internal Regulations, Council of Bureaux) issued 15 March 1991. Coverage does not apply in airport areas where aircraft operate. Optional coverages (casco, fire, theft, etc.) apply only within Greek territory.

Green card rules

The Green Card (Πράσινη Κάρτα) serves as the international insurance certificate. The insured vehicle may travel within all states party to the Multilateral Guarantee Agreement without additional documentation. For covered states, the liability limit shall not exceed the minimum statutory limit of the host country or the Greek policy limit, whichever is higher. A Green Card is required when travelling outside EEA countries.

Driver restrictions

The insured must declare if any driver is under 23 years of age or obtained their licence for the first time within the last 12 months (New Driver). Failure to declare triggers additional surcharge premiums (20%-60%) and the right of recourse (25%-75% of indemnity). Drivers must hold a valid licence for the vehicle category. Driving under the influence of alcohol or drugs in a causal connection to the accident is excluded. Coverage is void if the vehicle is used for a purpose other than that stated in the policy schedule and licence.

Claim notification deadline

For MTPL (third-party liability) claims: the insured must notify the Company in writing immediately and no later than 8 working days from the date of becoming aware of the damaging event. For optional coverage claims: 8 calendar days. Theft must be reported to the Police immediately and notified to the Company within 8 days of discovering the loss. Vehicle must be made available for inspection within 5 working days. All judicial or extrajudicial documents must be forwarded to the Company within 8 days of receipt.

Bonus-malus rules

Premiums are calculated based on multiple rating factors including engine displacement, use, vehicle type, seats, taxable horsepower, actual horsepower, area of circulation, vehicle age, number of claims at-fault, driving experience, date of licence acquisition, and age of policyholder/insured/driver. A bonus-malus system of discounts and surcharges applies per insurance period. The Company may adjust categories and rates at each annual renewal. Premiums are adjusted if mandatory minimum coverage limits are changed by law. A new driver surcharge of 20%-60% applies depending on age and licence duration.

Natural Perils Coverage

As of June 2025, natural perils (flood, forest fires, earthquakes) became a mandatory coverage included in all MTPL product propositions in Greece, similar to Motor Third Party Liability

Third Party Liability Coverage

Not established from the insurer's documents

Mandatory legal liability coverage for losses caused to third parties by use of the insured motor vehicle, including bodily injury and property damage

Section: ΌΡΟΙ ΠΡΟΓΡΑΜΜΆΤΩΝ ΑΣΦΆΛΙΣΗΣ ΑΥΤΟΚΙΝΉΤΟΥ > Γενικοί όροι ασφάλισης αυτοκινήτου > Άρθρο 2 Τι καλύπτει το Ασφαλιστήριο συμβόλαιο;

Το Ασφαλιστήριο συμβόλαιο παρέχει ασφαλιστική κάλυψη αστικής ευθύνης, σύμφωνα με το Νόμο, και επιπρόσθετες καλύψεις ανάλογα με το πρόγραμμα που έχει επιλέξει ο Λήπτης της ασφάλισης για το όχημά του. […] Η ασφάλιση Αστικής ευθύνης περιλαμβάνει την ικανοποίηση νόμιμων απαιτήσεων τρίτων κατά του Ασφαλισμένου, από ζημιές που προξενήθηκαν από την κυκλοφορία του αυτοκινήτου, που αναφέρεται στο Ασφαλιστήριο, για τις παρακάτω περιπτώσεις: […] Θάνατο ή σωματική βλάβη

Material Damage from Uninsured Vehicle

Not established from the insurer's documents

Covers material damage to the insured vehicle caused by collision with a known and demonstrably uninsured vehicle, provided the uninsured vehicle's liability is proven through adequate evidence including official documents (Police incident report, criminal file). The insured must also preserve their legal rights against the responsible third party. The maximum liability is the lesser of the vehicle's current value or the actual damage on the day of the accident.

Geographic Coverage Territory

Not established from the insurer's documents

MTPL coverage applies in Greece, all EU/EEA member states, and other states whose National Green Card Bureaux co-signed the Multilateral Guarantee Agreement issued 15 March 1991. For covered states, the liability limit is the higher of the local mandatory minimum or the Greek policy limit. Optional coverages apply only within Greece.

New Driver Surcharge Rules

Not established from the insurer's documents

Drivers under 23 years of age or with a licence obtained in the last 12 months must be declared. Surcharge: 60% if both criteria met simultaneously; 40% if under 23 only (licence older than 12 months); 20% if licence <12 months but driver is 23 or older. Failure to declare triggers additional penalty premium equal to double the annual total premium, plus the applicable surcharge for the remaining policy period. Right of recourse: 75%, 50%, or 25% of total indemnity depending on case.