About the franchise, insurance and rental conditions
About Franchise and Motor Insurance in Cyprus
Franchise deductible is the amount that the client risks losing, but only in the event of an insured event.
When it comes to car rental abroad, the term franchise is sometimes a little confusing. Many people have no idea what it is and why it is needed at all. Let's try to clarify and analyze in detail all types of insurance and the nuances of our conditions. A franchise deductible is the maximum amount that a client who rents a car is at risk of losing, but only in the event of an insured event. In this case: - if the amount of damage is less than the amount of the deductible, then all damage is covered by the insured (from the amount of the deductible); - if the amount of damage is more than the deductible, then the rest of the damage is covered by the insurance company.
TPI, CDW, EDW and other three-letter words
Basic definitions and abbreviations used in auto insurance
TPI – Third Party Insurance
Minimum insurance required by law. It protects against damages to the third-party by the insured vehicle. Which includes costs that arise as a result of injuries caused to other people and damage to their vehicles.
CDW – Collision Damage Waiver
CDW (Collision Damage Waiver) is the main type of motor insurance against collision damage that can be caused by the fault of the driver. This type of insurance covers all damage to the vehicle, except for damage to the windscreen, wheels, tyres and the bottom of the car.
EDW – Extra Damage Waiver
EDW or LDW (Loss Damage Waiver) is a more advanced insurance, that is, any damage that includes CDW, plus damage to tyres, windows and the bottom of the car.
THW – Theft Waiver
THW or TP (Theft Protection) - car theft insurance.
SCDW – Super CDW
SCDW insurance for a rented car against damage in an accident. SCDW insurance includes EDW and THW. SCDW protects you from having to pay anything if you hire car is damaged or stolen, with no deductible.
Special cases exceeding the deductible
In the following situations, the rental company will have the legal right to recover the full amount of damage from the client: - if the car was stolen due to the fault of the driver (temporary owner); - if the driver becomes a participant in an accident while drink/drug-driving.
Terms of car rental in our company
In order to rent a car, the Renter (driver) must meet the following requirements:
Renter must have a valid driving license
At the time of receiving the car, you must have passport with you
Minimum age: 21 with at leas 3 years if driving experience Maximum age: 75 years
Attention: Drivers aged 21 to 25 and 71 to 75 cannot take out extended SCDW insurance.
What is included in the rental price:
Rent of selected car for chosen number of days
CDW* without deductible**
Additional driver option: secondary driver can be added free of charge
Child car seat/booster is available on request
GPS navigator module is provided for the duration of rent (provided upon request in case there are units available)
*CDW does not cover damage to wheels, tyres, windscreen, and bottom of the car **Franchise deductible is not included in rent price, but it is payable in case of incident, the deductible amount varies among different cars.
Car can be delivered to:
any hotel located in Paphos
*Car delivery to Airport Larnaca costs extra 60 €
We provide vehicles with tanks full of fuel and expect cars to be returned in the same condition. In case of insufficient fuel amount, the difference is payable by rentee.
Rental extension can be done at least 24 hours before end or rental period. This can be done only at the company office after additional costs are covered.
Return of the vehicle can be made only at previously agreed upon, contractually obligated place. There is an option to return the car at hotel or airport, but it should be agreed upon in timely manner and approved by the manager.
In case of preemptively returning the car, the company pays back only 50% of the rent cost of unused days.
In case of losing a car key, renter must pay back its full price.
Attention! Renter is responsible for all fines incurred by him during the rental period, be it driving law or parking rules violation. All fines must be paid before leaving Cyprus.