When you rent a car in Greece, it is important to have insurance coverage as accidents can happen at any time. In Greece, car rental companies are required by law to provide basic insurance coverage that includes third-party liability insurance, but this may not be enough to cover all damages in the event of an accident.
Types of Rental Car Insurance in Greece
There are several types of rental car insurance that you can purchase to ensure that you are fully covered in case of an accident. These include:
Collision Damage Waiver (CDW) – This is the most common type of rental car insurance in Greece. It covers damages to the rental car in case of an accident or collision. However, it typically comes with a high deductible that you will be responsible for paying out of pocket.
Theft Protection (TP) – This insurance covers the cost of the rental car if it is stolen or vandalized. However, like CDW, it typically comes with a high deductible.
Personal Accident Insurance (PAI) – This insurance covers medical expenses for you and your passengers in case of an accident. It also provides a death benefit if you or your passengers are killed in an accident.
Supplemental Liability Insurance (SLI) – This insurance provides additional liability coverage beyond the basic coverage provided by the rental car company. It is recommended if you want extra protection in case of an accident.
Cost of Rental Car Insurance in Greece
The cost of rental car insurance in Greece varies depending on the type of coverage you choose and the rental car company you rent from. CDW and TP are usually included in the rental price, but you may have to pay an additional fee to reduce the deductible. PAI and SLI are typically optional and can add to the cost of your rental.
It is important to shop around and compare prices from different rental car companies to ensure that you are getting the best deal on insurance coverage. You can also check with your credit card company to see if they offer any rental car insurance benefits.
What to Consider When Choosing Rental Car Insurance in Greece
When choosing rental car insurance in Greece, there are several factors to consider:
Deductible – Make sure you understand the amount of the deductible and how much you will be responsible for paying in case of an accident.
Coverage Limits – Make sure you understand the limits of your coverage and what is included in each type of insurance.
Exclusions – Make sure you understand any exclusions or limitations in your insurance coverage, such as driving on unpaved roads or driving under the influence of alcohol.
Additional Fees – Make sure you understand any additional fees associated with rental car insurance, such as administrative fees or taxes.
Conclusion
When renting a car in Greece, it is important to have insurance coverage to protect yourself and your rental car in case of an accident. There are several types of rental car insurance available, each with their own benefits and costs. Make sure you understand the coverage, deductibles, and limitations of your insurance policy before you rent a car in Greece.
