Understanding Insurance Liability for Reckless Driving Under Cyprus Law
📌In Cyprus, a recent incident involved a driver causing significant damage to their car due to reckless speeding. This situation brings up a critical question: Will the insurance company cover the damages?
Under Cyprus law, the answer is yes, provided the driver has comprehensive insurance coverage. Unlike third-party insurance, which only covers damage to others, comprehensive insurance typically covers a wide range of scenarios, including accidents caused by the policyholder’s recklessness.
While insurance companies might investigate such claims more thoroughly under Cypriot regulations, policyholders with comprehensive coverage can generally expect their insurer to honor the claim, even in cases of speeding or reckless driving.
However, it’s crucial to remember that frequent claims or severe infractions can lead to higher premiums or even policy cancellation. 🚩Responsible driving not only keeps everyone safer but also maintains the benefits of your insurance coverage.
