1. Your car insurance is valid while driving abroad, only if accompanied by the Green Card or the International Motor Insurance Certificate. The Green Card is issued under the authority of the Motor Insurance Bureau, further to Recommendation No 5 by the European Union and U.N. Road Transportation Commission.  The Green Card is granted to the insurance companies.  The insurance companies give it to their clients who want to drive their vehicles outside the vehicle’s registration country.
2. The Green Card only provides the statutory Liability cover. If you wish your additional cover to apply while abroad, you should contact INSUREWAY. We will then contact your insurance company to ask whether this is feasible and if additional premium applies.
3. If you are involved at an accident while abroad, you should contact the local Motor Insurers’ Bureau. The contact details of the Motor Insurers’ Bureau local offices appear on the back of the Green Card.

The key factors that affect the premium of your vehicle insurance policy are the following:

1. The Prefecture / Regional Unit where the vehicle is registered
2. The Manufacturer and the model of the vehicle
3. The Age of the vehicle
4. The current market value of the vehicle (only if your policy covers for Fire, Theft, Weather Conditions or Fully Comprehensive)
5. The claims record of the vehicle
6. The driver’s age
7. The claims record of the driver
8. The driver's license age
9. The duration of the insurance policy
10. The existence of other insurance policies, in the same insurance company (family discounts)

1. Choose the cover you really need. At INSUREWAY we can help you understand what cover is important for you.
2. Check whether you belong to a professional group entitled to discounts. Some insurance companies offer significant discounts, to certain professional groups (e.g. civil servants, army employees, unemployed).
3. Choose to buy annual duration insurance policies. Often, annual insurance policies have premiums that are lower than semi-annual polices, by up to 15%.
4. Adjust the current market value of the vehicle. If your insurance covers for Fire, Theft, Weather Conditions or Fully Comprehensive, etc. then, in the event of a compensation, the amount you will receive by the insurer will be the current market value of the vehicle.  Therefore, the vehicle’s insured value should be as close as possible to its actual current market value.  Using the current market value of the vehicle, as the sum assured in your insurance policy, also results in paying the actual and fair premium to the insurer.
5. Adjust the excess (the deductible) of your insurance policy where it applies. The Fire, Theft, Weather Conditions or Fully Comprehensive, etc. cover, are usually offered with an excess amount.  The larger the excess the lower premium.
6. Drive carefully. Insurance companies offer discounts to careful drivers and apply extra premium to drivers with poor driving records. Discounts are usually applied to drivers who have not caused an accident in the past five years of continuous insurance.

Quite a few insurance companies provide a set of discounts that reduce your insurance premiums.

1. Up to 20% discount for careful drivers
2. Up to 15% discount due on annual insurance policies
3. Up to 10% family discount, if three (3) or more family vehicles are insured in the same insurance company.
4. Up to 10% discount on your vehicle's insurance premium, if the family house is insured in the same insurance company
5. Discount for hybrid vehicles
6. Discount for brand new vehicles
7. Discount on vehicles with low carbon dioxide (CO₂) emissions
8. Discount for vehicles that remain insured in the same insurance companies for a long time - Loyalty discount
9. Discount on vehicles, whose owners belong to specific professional groups (e.g. civil servants, army employees, unemployed).

1. Make sure that your vehicle does not impose a risk for the traffic and / or the pedestrians.
2. Call directly to the designated accident service phone number, provided by the insurance company and helps the drivers who are involved at an accident to do all the paper work necessary and also tow the vehicle if necessary (the service operates 24 hours a day, 7 days a week)
3. The operator from the call center will guide you through the process.
4. A qualified accident-handling partner will turn up at the accident site as soon as possible, will photograph the vehicles involved and will do all the initial claims paperwork on spot.
5. If your vehicle is stationary and you have purchased the accident breakdown service in your insurance policy, then your vehicle will be towed to the repair shop.
6. If there are individuals involved at the accident that are injured, then please
   1. Call 166 (ΕΚΑΒ - ambulance) and follow the instructions
   2. Call 100 (Police) and inform them about the accident

1. The ARN is a procedure that allows the unaccountable driver of a vehicle involved at an accident, to request a reimbursement through their own insurance company, without filing a claim with the liable car’s insurance company.
2. The conditions for the ARN procedure to apply are:
   1. Both vehicles involved at the accident are insured with insurers participating in the ARN.
   2. The personal injuries reimbursement must not exceed € 5,000 per person and € 15,000 in total for all persons with body injuries per accident.
   3. The property damage reimbursement must not exceed € 6,500 per accident.

1. After the insurers are notified for the accident, it takes about seven (7) to ten (10) days, for the liable insurer to accept the responsibility and notify the unaccountable insurance company to proceed with the reimbursement.
2. After the liable insurer accepts the responsibility, you can inform your insurance company of the repair shop you wish to take your vehicle.
3. The above notification should take place at least one (1) day prior to your appointment with the repair shop.  This will give the time to your insurance company to assign your vehicles inspection to a claims expert, who will determine the repair cost of your vehicle.
4. The claims expert submits to your insurance company claims adjuster, a cost estimate of the property damage caused to your vehicle by the accident.
5. The necessary documents for your claim’s pay off are:
   1. The driver's license
   2. The vehicle registration certificate
   3. The beneficiary’s proof of ID
   4. The original reimbursement receipt, signed
   5. The original spare parts and labor invoices
   6. A copy of a the beneficiary’s bank account
6. Depending on the type of claim, the following documents may also be requested:
   
   1. Α Police certificate in case of partial or total theft claim
   2. A Fire Department certificate in case of fire claim
   3. A weather certificate from the Hellenic National Meteorological Service (EMY) in the event of a weather related claim

1. Compensation for damages caused by an uninsured vehicle is settled by the Subsidiary Fund, financed by the insurance companies:
   
   1. Address: 5 Ypatias Street, 105 57 Athens
   2. Tel.: +302103327400
   3. Fax: +302103327426-7
   4. Web: www.epikef.gr
   5. E-mail: auxifund@epikef.gr
2. The Subsidiary Fund compensation process is particularly time consuming and it could take up to two (2) years to settle.
3. Therefore, you should include the additional cover of the Uninsured Vehicle in your insurance policy, provided by most of the insurance companies in Greece and receive the relevant compensation promptly, through your insurer.
4. To activate the uninsured vehicle cover for a claim, provided that it is included in you insurance policy, you will need to:
   1. Call the Accident Service of your insurer, to record the event and if necessary to tow your vehicle
   2. Call the Traffic Police at the scene of the accident to record that the liable vehicle is uninsured and request from the liable driver to sign the necessary acceptance form that he is solely responsible for the damage caused to the unaccountable vehicle.
5. Important Reminder - You must always call the Traffic Police to record the incident.
6. The Traffic Police accident report is the only document which can certify that the liable for the accident vehicle is uninsured; it also activates the uninsured vehicle cover and safeguards your legitimate interests in case the legal dispute ends up in court.

1. Because it is an expensive asset that is worth to be protected
2. Because it is your private space, where you enjoy your personal moments with your family and you need to feel tranquil and secure.
3. Because climate change has intensified fire incidents during summertime and the floods during the winter.
4. Because Greece is a country with a high frequency of earthquakes.
5. Because the economic crisis has dramatically reduced available funds in families and in the markets. Therefore, in case of property damages, it will not be easy to find own funds or even borrow from the bank in order to restore the property damages.
6. Because the economic crisis has considerably increased criminality.
7. Because the cost to insure your house can be lower than your car insurance premium.

1. The value that you must have your house insured, is the amount needed to rebuild your house in case of a total destruction, in the condition prior to its destruction.
2. The value to rebuild the house is very important to be as accurate as possible, because in case of a claim, you will need to be reimbursed the correct amount.
3. If the value to rebuild the house is accurate, then a damage of € 40.000, in a house worth € 200.000 and an insured value of € 200.000, will result in a reimbursement of € 40.000.
4. If the value to rebuild the house is incorrect, then a damage of € 40.000, in a house of worth € 200.000 and an insured value of € 100.000, will result in a reimbursement of € 20.000.

1. The value your house should be insured for depends on the quality of its structure.
   
   1. For a typical house structure the value ranges from € 900-€ 1000/m²
   2. For a very good house structure the value ranges from € 1100-€ 1600/m²
   3. For an exceptional house structure the value ranges from € 1600/m²
2. The value the house’s content should be insured for depends on its quality and the quantity of the items included. Indicatively, it can range from € 250-€ 900/m².

1. Excess is the amount the owner of the house contributes in a claim. e. In a damage due to weather conditions, with a repair cost of € 10.000 and an excess of 5% of the claim, the compensation will be € 9.500.
2. The higher the excess amount results in a higher owner’s contribution in a claim, and a lower insurance premium.
3. The exception in a house insurance policy may be of a general nature or a very specific one and it excludes a cover if a policy term is not satisfied. An example of a general exception can be the damages to a house without a legitimate building permit certificate. An example of a specific exception can be damages to water pipes that have been installed more than twenty years ago.
4. It is important to know the excess amounts and the exceptions before buying a house insurance policy, so that you do not find yourself in the unpleasant position of not knowing the exact amount of the compensation you are entitled to, when a damage occurs.

1. The borrower has the right to freely choose the insurance company they will insure their house with, but the insurance policy they purchase must satisfy the terms and conditions of the loan agreement they have signed with the bank.
2. Attention – According to the Bank of Greece circular # 462 of 14/05/2013, there is no obligation to buy house insurance through the bank that sells you the mortgage and that “when a borrower submits an insurance policy that meets the requirements of the loan agreement, this must be accepted without any delay”.

1. As a homeowner you have the flexibility to insure just the building or just the content or both the building and the content.
2. From the cover available, you can choose to buy Fire, Explosion, Smoke but you can also choose to buy cover such as Weather Conditions, Terrorist and Malicious Acts, Earthquake, Water Pipeline damages, etc. We in INSUREWAY can advise you on insurance that meets the requirement of special house structures and provides a fully comprehensive (All Risk) cover.