Atlantic Insurance

territorial_scope

The policy covers third party liability in Cyprus (excluding occupied areas) and in all countries that have signed the Multilateral Guarantee Agreement. Optional benefits such as Loss of Use and Driving Other Cars are restricted to the Republic of Cyprus and British Sovereign Base Areas only.

green_card_rules

The insured vehicle is covered for third party liability in any country that has signed the Multilateral Guarantee Agreement, except Russia and Belarus which have been suspended from the Green Card system since March 2022. As of January 2025, Cyprus law (Law 167(I)/2023) formally recognises digital Green Cards as legally equivalent to paper ones.

driver_restrictions

The base Third Party policy covers any authorised driver. The Third Party Plus tier restricts cover to named drivers aged 24–70 with over 2 years of Cypriot or UK regular driving licence experience. All authorised drivers must hold a valid driving licence.

claim_notification_deadline

Policyholders should report incidents that may give rise to a claim immediately. General industry practice in Cyprus requires notification within three working days of an accident. Atlantic's 24-hour helpline (77772424) is available for immediate accident reporting.

bonus_malus_rules

Cyprus does not operate a centralised statutory bonus-malus system. Each insurer applies individual merit-rating at its own discretion. Atlantic Insurance applies a no-claims discount ladder where claim-free years earn premium reductions, with discounts that can reach up to 60% after six or more claim-free years, and claims typically result in a step-back of two to three levels. Atlantic accepts no-claims bonus proof from the UK and EU. An optional No Claim Bonus Protection add-on is available to prevent loss of NCB entitlement, subject to restrictions on the number and amount of claims allowed over specific insurance periods.

Windscreen Breakage Cover

Breakage of glass in windscreen and windows with unlimited amount under Comprehensive Executive policy, with no excess and no NCB impact

No Claim Bonus Protection

Protection against losing No Claim Bonus entitlement upon submission of claims, subject to restrictions on number/amount of claims

Natural Perils Extension

Extension of cover for loss or damage caused by natural perils including flood, typhoon, storm, tempest, hailstorm, cyclone, hurricane, volcanic eruption or earthquake

Loss of Use - Courtesy Car

Company provides insured with courtesy car at company's choice for maximum period of four weeks in event of damage claim

Personal Accident Cover

Personal accident cover to named drivers in event of accident resulting in death, loss of limb or loss of eyesight, base amount €20,000 (can increase to €40,000 or €60,000)

New Vehicle Replacement Cover

Applies to brand new cars only; if stolen and not recovered within 3 months or total loss during first 12 months of first insurance period, company replaces with same type/model or pays current official selling price

Valid Driving License Requirement

All authorized drivers must hold valid driving license; Third Party Plus option requires drivers aged 24-70 with over 2 years of Cypriot/UK regular driving experience

Excess (Deductible) Amount

Excess is the amount client will pay for own damage in case of claim; amounts vary by policy type and coverage selected

Geographical Scope - Cyprus Territory

Optional covers and certain benefits (e.g., Loss of Use, Driving Other Cars) apply only to incidents in Republic of Cyprus and British Sovereign Base Areas, excluding occupied areas