& nbsp & nbspTheanos Thiopoulou & nbsp; & nbsp;
Road accidents have taken the form of a scourge, often involving those involved, in addition to their physical and mental suffering, which is the most important, and additional painful burdens, which they are called to face in order to be compensated for the damage they have suffered. One such case is the one in which the car accident is caused by the fault of a person who was driving an uninsured vehicle. If you drive in the city with your car, there is a possibility that you are involved in a similar story. The important thing is to know what you need to do but also how the car insurance policy you have covers you.
“F” presents a useful guide for such cases. According to data provided by the Motor Insurer's Fund of Cyprus (MIF), at the end of October 2021 the active licensed vehicles outside the government were 753,530, the active insured licensed vehicles 686,153, the active uninsured7 and the ratio of uninsured to active vehicles 8.9% In the corresponding period of 2020 the percentage of uninsured vehicles to active was 11.1%, in 2019 to 9.8% and in 2018 to 9.2%. the system does not know exactly how many of these vehicles are stationary and how many are in circulation.
According to the data, in the period January – September 2021 the compensations given by the Fund to accidents with uninsured vehicles were € 2,540,895 and the number of accidents was 580. In 2020 the compensations given by the Fund to accidents with uninsured vehicles were € 2,465,909 and the number of accidents 650, in 2019 the compensations were € 3,043,500 and the number of accidents 675. In 2018 the compensations were 5,316,005 and the number of accidents 661. In 2017 the compensations paid by the Fund was € 5,697,028 and concerned 651 number of accidents. In 2016 the compensations given by the Fund were € 3,336,449 and the number of accidents 643. In 2015 the compensations were € 5,365,885 for 679 number of accidents, in 2014 the compensations were € 5,310,221 for 656 number of accidents, the In 2013 the compensation was € 6,439,941 for 877 accidents and in 2012 the amount of compensation was € 5,497,392 for 840 accidents.
Life preserver the Fund
The Motor Insurers Fund operates as an effective organization to serve the purpose for which it was established. The purpose is to pay, under certain conditions, fair compensation to third parties, in relation to liability: drivers of uninsured vehicles, drivers of unknown vehicles and victims of vehicles insured with insurance companies under liquidation, while safeguarding the financial possibility to above obligations, in accordance with the Cypriot legislation and the international conventions signed by the Fund.
The Motor Vehicle Insurers Fund was established in 1969 and continues to operate under the provisions of the Motor Vehicles (Third Party Liability Insurance) law. The Fund is financed by the imposition of a charge on motor vehicle insurance premiums, which is currently set at 5% and is collected through insurance companies. The Fund receives a premium from the insured (through insurance companies), which is determined in accordance with the occasional instructions of the Minister of Finance, issued after consultation with the Fund and based on the needs of the Fund. The amounts collected by the insurance companies are transferred to the Fund “within two calendar months from the end of each quarter”.
Involvement of an uninsured vehicle
If someone is involved in a car accident with an uninsured vehicle in Cyprus for which he is not responsible and seeks compensation from the Fund, should:
& nbsp; – In case of material damage
Notify the Police, informing them about the involvement of an uninsured vehicle, notify the Fund to inspect the damage of the vehicle before the start of repairs, to submit a claim on the specified form, presenting your title deed and insurance certificate applicable on the day of the accident.
& nbsp; – In the event of personal injury
The Police must be notified and informed about the involvement of an uninsured vehicle, a claim must be made on the specified form, all medical certificates and supporting documents must be attached and all the necessary information and documents must be submitted.
Unknown vehicle jam
If a driver is involved in a car accident in Cyprus with an unknown vehicle, for which he is not & nbsp; responsible, he should call the Police to be present at the scene or notify her to record the accident within 48 hours. Notify the Fund immediately to investigate the accident, to submit a claim on the specified form, presenting the title deed and insurance certificate of your vehicle, which was valid on the day of the accident. In the event of an accident with an unknown vehicle for which you are not responsible, you or your relatives may be entitled to compensation from the Fund: For bodily injury or death. Under certain conditions, for material damage over € 500.
In case the Police refuse to come to the scene of the accident because there are no bodily injuries, it should be mentioned whether either an uninsured or a foreign vehicle is involved, or any other criminal offense has been committed e.g. violation of traffic lights, as well as other conditions that require the presence of the Police at the scene.
Blockage of vehicles with foreign license plates
If someone has been involved in an accident in Cyprus with a vehicle with foreign registration plates, they should call the Police, be present and record the accident. Note the registration numbers of the foreign vehicle and its country of origin. Ask the foreign driver to present his/her green card or insurance policy and he/she should contact the Cypriot international insurance office as soon as possible. & nbsp;
If the foreign insurance company has appointed a correspondent in Cyprus, the Cypriot international insurance office will instruct the interested party to contact the correspondent of the foreign insurance company. If the foreign insurance company has not appointed a correspondent in Cyprus, the Office (MIF) will handle the case on the terms of the consolidated agreement. The Fund should inspect the vehicle for damage prior to the start of repairs. You will also need to make a claim on the specified form, presenting the title deed and insurance certificate of the vehicle that was valid on the day of the accident. In the event of personal injury, all medical certificates and supporting documents must also be attached.
Rejection by three insurance companies
In view of the fact that the “consortium of insurers”, after the consent of the Committee for Protection of Competition, has expanded its activities to cover “undesirable risks”, the Motor Insurance Insurers Fund undertook to refer the consortium to the Consortium for , provided that the following procedure is followed:
– Any driver who is successively rejected by three insurance companies to which he is applying for insurance, can apply to the Fund, presenting certificates of rejection by these companies. An application for coverage must be submitted through the Fund, accompanied by 3 rejections from an equal number of insurance companies. The Fund sends it to the insurance companies, which will decide whether they are willing to negotiate the issuance of insurance coverage.
– Insurance companies have the obligation to respond positively or negatively, within 48 hours of receiving it application by e-mail. In case of receiving one or more positive answers, the Fund will refer the interested party to the companies that responded positively. Otherwise, the interested parties will be referred to the consortium of insurers for insurance, with the certification of the Fund that they take “unacceptable risks”.