Insurance provided: CDW full insurance included with €600 deductible/excess is to protect you from a high financial burden and third-party claims in case of an accident with another vehicle on the public road. This means that the car rental company waives the right to collect a high deductible from the driver/renter and most importantly it covers most of the damages caused to the hire car and ALL of the damages caused to third-party, therefore the driver/renter would NOT be held responsible for all of the repair fees to the rental vehicle or additional charges that may occur. Injury claims especially have a way of escalating very quickly, even when they appear minor at the scene. The driver/renter will only be held responsible for the deductible/excess amount of €600 regardless of the extent of damages caused to the rental car. The charges will be dependent on the actual extent of the damages caused to the hire car. This means that if a damage will cost less than the excess amount stated above the company will charge accordingly. Be aware that this level of insurance provides coverage ONLY for damages caused to the hire car and third-party claims in the case that the rental car is involved in a collision/accident with another vehicle on the public road and the correct reporting procedure is followed (as given below). The CDW full insurance with €600 deductible/excess included in your car rental cost is to protect you from a high financial burden in case of an accident with another vehicle on the public road and third-party claims, but failure to follow the reporting guidelines and comply with the requirements under Cyprus law means that the full insurance protection becomes invalid. You should always be aware that there are insurance limitations which mean that full insurance protection becomes invalid. Additionally, you should be aware that unexpected damages that may occur to the hire car without being involved in collision/accident with another vehicle on the public road are NOT covered by the full insurance protection as given above therefore you will be required to pay an amount (hire car damage liability) of money towards a claim.
Collision/accident reporting guidelines: In the case of a collision/accident with another vehicle on the public road, even if it is the authorised driver of the hire car error which resulted in a collision, the renter/driver of the hire car is covered by the full insurance scheme with €600 excess liability as long as the correct procedure as stated below is followed. Our insurance policy states that you are required to report the accident, regardless of the amount of damage. Vehicles involved must never be moved from the collision/accident scene until a collision/accident report is completed either by the police officer or by the vehicle insurance representative attending. Contact details will be given in print on the car rental agreement. Any collision/accident with another vehicle on the public road where the damage is significant or not, must always be reported to the police, to the rental company and to our insurance company straight away and brief information must be provided of where the incident took place in order for them to attend the place of collision/accident. Any collision/accident where there is damage to property, third party or if someone is injured will require a police and vehicle insurance report. Injury claims especially have a way of escalating very quickly, even when they appear minor at the scene. Even if the police report is completed for the collision/accident, you must also notify the hire car insurance company. Please be aware that the police officer attending is not responsible to report the collision/accident to the hire car insurance company so it is very important that you should report this. If the renter/driver fails to report the collision/accident to the police, the hire car insurance company and our car rental company immediately and comply with the requirements under the Cyprus law, the car rental insurance will become invalid and the renter/driver can be held liable up to the market value of the hire car and third-party claims. The charges will be dependent on the actual extent of the damages caused to rental car and third-party claims.