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Imperative Liability Coverage

Individuals that reside in Greece and possess a motor car or trailer are required to experience compulsory or mandatory coverage. Compulsory coverage in Greece consists regarding bodily injury or liability and property damage. The amount of mandatory liability coverage for automobile insurance policy is 500,000 European Currency Units or ECUs. This coverage applies to the insured individual and any other individual driving the vehicle with the insured's permission. Passengers in the vehicle are considered third-parties.

Exemptions

Greece has exceptions to mandatory automobile responsibility and real estate injury coverage that is applies to government entities. This includes vehicles that belong to the State and foreign state vehicles in which there are reciprocity agreements. Worldwide affiliations, these kinds of because the Red Cross, are also exempted from mandatory automobile coverage. Whilst a car has been exempted from automobile coverage, a certifying file will be supplied with the State.

Green Card. auto insurance.

The Green Card is an Global Motor Car Certificate that is issued to individual motorists from additional countries plus expatriates that are residing in the state. Green Cards are issued to peoples when an international automobile insurance scheme has been purchased. Insurance companies in Greece that give 3rd party liability insurance are required to come to be members regarding the Greek Car Insurers' Bureau. This means that is individuals who have a Green Card are covered for third party liability when any accident appears.

Green Card Method

European countries, including Greece, developed the Green Card Program or International Car Vehicle Certificate which started on January 1, 1953. This is some type of car insurance everywhere one policy is purchased out of the home country that provides coverage on additional European countries. The object behind the Green Card Method was to present persons who were a victim of third celebration responsibility compensation when injury was caused from a motorist from another land.

Car Rentals

Third party liability insurance policy is needed for all vehicle rentals in Greece. This insurance policy includes all person or real estate that is are outside about the rental automobile. This contains damage or injury to another vehicle or driver. The quantity of 3rd party responsibility coverage as regarding 2009 is up to $85,000 (U.S. Bucks) when there is injury or property harm to another individual.