Euroins Romania Asigurare-Reasigurare SA
Euroins
Euroins is a motor casco insurance for the Romania market with no online purchase and 24/7 assistance.
Direct payment
Direct cost settlement within the network of repair units under collaboration contract with Euroins throughout Romania; policyholders may also choose any authorized repair facility and claim reimbursement
Geographic scope
Romania
Romania, all EU/EEA member states, Switzerland, Andorra, and Monaco; extension to non-EU countries available upon request with additional premium
Unique selling points
- Three selectable coverage plans (BASIC, STANDARD, PREMIUM) allow customers to pay only for the risks they need, including full natural perils, collision, theft, vandalism, and glass damage in a single policy.
- Extended territorial coverage across Romania, all EU/EEA member states, Switzerland, Andorra, and Monaco included as standard, with further extension to non-EU countries available.
- Free roadside assistance START package included in every plan, covering towing up to 100 km, parking storage, vehicle recovery, hotel accommodation, and replacement vehicle in case of accident far from home.
- Direct cost settlement within the nationwide network of Euroins-contracted repair units, with no upfront payment required from the policyholder for covered repairs.
- No risk inspection required at policy conclusion, enabling fast and straightforward policy issuance.
Coverage limits
Own damage (collision/accident)
Covered
BASIC plan: does not cover collision damage. STANDARD and PREMIUM plans: covers damage from collisions, impacts or strikes with other vehicles or any mobile/immobile bodies outside the insured vehicle, scrapes, falls (into ravine, into water during transhipment, due to bridge collapse), skids, and rollovers. Insured at market value at policy conclusion.
Total loss
Covered
Total loss is compensated up to the insured sum (market value at policy conclusion). STANDARD and PREMIUM plans cover total loss from accidents; PREMIUM also covers total loss from theft. A mandatory deductible of 10% of the insured sum applies for total theft and for total loss outside Romanian territory.
Partial loss (partial damage)
Covered
STANDARD and PREMIUM plans cover partial damage from collisions, scrapes, falls of objects on the vehicle, skids, and rollovers. BASIC plan covers partial losses from natural perils and fire only. A mandatory deductible of at least 100 EUR per event applies for partial damage when the driver is under 31 years old or for certain professional vehicle uses.
Theft and robbery
Conditional
Available only in the PREMIUM plan, and only for vehicles up to 10 years old. Covers damage of any kind caused by theft or attempted theft by breaking and entering and/or robbery. A mandatory deductible of 20% of the insured sum applies for total external theft (per third-party source; 10% per official Euroins page). Not covered under BASIC or STANDARD plans.
Glass/windscreen damage
Conditional
Available only in the PREMIUM plan (vehicles up to 10 years old). Covers cracking, fracturing, chipping, and/or scratching of glazed surfaces caused by an accidental and uncertain event. Not covered under BASIC or STANDARD plans.
Natural perils and atmospheric phenomena
Covered
Included in all three plans (BASIC, STANDARD, PREMIUM). Covers: natural disasters (earthquake, storm, natural flooding, landslide), atmospheric phenomena (hail, hurricane, weight of snow/ice layer, avalanche), and damage from falling objects on the vehicle. Fire, lightning, and explosion are also covered in all plans.
Vandalism
Conditional
Available only in the PREMIUM plan (vehicles up to 10 years old). Covers breaking of windows, slashing of tyres, scratching of exterior surfaces, etc. Not covered under BASIC or STANDARD plans.
Roadside assistance
Covered
Roadside assistance START package included free in all CASCO COMPLET plans, valid on Romanian territory: towing up to 100 km per direction from the accident site, parking/storage up to 10 EUR/day for max 3 days, vehicle recovery up to 50 EUR/case. If more than 100 km from home and repair takes over 1 day: accommodation max 2 nights at 3-4* hotel (max 40 EUR/night) and replacement vehicle max 2 days (max 40 EUR/case, accident only). Two additional optional packages: CONFORT (1,500 EUR/year, EU-wide) and DINAMIC (Europe-wide).
Replacement vehicle
Conditional
Replacement vehicle is available as part of the included roadside assistance START package: maximum 2 days, up to 40 EUR per case, only in case of accident, and only when the policyholder is more than 100 km from home and the repair takes more than 1 day. This is a conditional benefit within the free START roadside package.
Driver personal accident cover
Not offered
Driver personal accident coverage is not listed as an included or optional benefit under CASCO COMPLET. No specific limit or inclusion found in official sources.
Key conditions
Driver age and experience limit
A mandatory deductible of at least 100 EUR per event applies for partial damage when the driver at the time of the event is under 31 years old (for individual policyholders) or declared drivers under 31 years old. For younger drivers (under 25 years), an additional deductible may apply per event.
Repair network requirements
Direct cost settlement is available within the network of repair units holding a collaboration contract with Euroins across Romania. Policyholders may also choose any authorized repair facility outside the network and subsequently claim reimbursement.
Territorial scope
Coverage is valid on the territory of Romania, all EU/EEA member states, Switzerland, Andorra, and Monaco. Extension to non-EU countries is available upon request with payment of an additional premium. A mandatory deductible of 10% of the insured sum applies to total loss and total theft claims arising outside Romanian territory.
Anti-theft requirements
Theft and robbery coverage (PREMIUM plan only) requires that the vehicle has not been voluntarily handed over to a person who refuses to return it. Standard anti-theft device requirements apply as specified in the policy conditions.
Claim notification deadline
The insured is obliged to notify Euroins in writing within 48 hours of the occurrence of the insured event (24 hours in the case of theft).
Deductible rules
Mandatory deductible of 10% of the insured sum for total external theft and for total loss outside Romanian territory. Mandatory minimum deductible of 100 EUR per event for partial damage when: (a) the driver is under 31 years old; (b) certain professional/commercial vehicle uses (taxi, ride-share, driving school, rental, leasing, courier, transport, etc.). An additional deductible applies per event for drivers under 25 years old.
Policy specifics
Maximum insured value
CASCO START has a maximum insured value of 10,000 EUR, with vehicles insured at market value on the date of the insured event but not exceeding this limit
Road assistance package
Both CASCO products include a free road assistance package (START) covering towing up to 100 km, parking storage, and vehicle recovery within Romania
Maximum claims per policy period - CASCO START
CASCO START limits the maximum number of compensated claims to 4 for 12-month policies and 2 for 6-month policies, with total compensation not exceeding the market value of the vehicle
Maximum vehicle age
CASCO coverage is available for vehicles up to 15 years old for CASCO START and standard vehicles for CASCO COMPLET
Direct settlement repair network
Direct cost settlement within the network of repair units with collaboration contracts with Euroins throughout Romania
Maximum vehicle age – CASCO COMPLET
CASCO COMPLET covers any type of vehicle up to 12 years old (fully elapsed) registered in Romania. The PREMIUM plan is additionally restricted to vehicles up to 10 years old.
Company insolvency status
Euroins Romania Asigurare-Reasigurare S.A. had its operating licence withdrawn by ASF Decision no. 262/17.03.2023 and bankruptcy proceedings were initiated. The company is no longer active. Policies issued before insolvency remained valid for 90 days (general insurance) or 150 days (guarantee policies) from the date of the court decision (09.06.2023), extended subsequently. Policyholders should contact the Insurance Guarantee Fund (FGA) for claim processing.
No risk inspection at policy conclusion
Euroins CASCO policies do not require risk inspection at the time of policy conclusion, streamlining the contracting process
Territorial validity
CASCO coverage is valid in Romania and EU/EEA countries by default, with extended coverage available for Switzerland, Andorra, and Monaco
Policy validity period
CASCO policies are typically issued for 12-month periods, but can be issued for sub-annual periods no shorter than 6 months with special approval
Company insolvency status
Euroins Romania was declared insolvent by ASF Decision 262/17.03.2023, with operating licence withdrawn