Friendly Settlement
The friendly settlement is a very important innovation in car compensation. It has been implemented since June 1, 2000 and is an agreement made by insurance companies for car liability insurance, which ensures immediate and without delay compensation for cars that have crashed, from the insurance company that they themselves are insured with.
With the Amicable Settlement system, in the event of an accident, the respective insurance company compensates its innocent insured, relieving him of the need to turn against the insurance company of the at-fault party.
Conditions for including a traffic accident in the Amicable Settlement:
1. Accident between two or more vehicles even if the vehicles or some of them belong to the same insurance company
2. Amount of material damage to a vehicle equal to or lower than the agreed limit of €6500
In the event of an accident involving more than two vehicles, the applicable limit of material damage is applied per vehicle
3. Amount of bodily injury to the driver and passengers per accident at €30,000 and with a maximum limit per injured person of €12,000.
In the event of an accident with bodily injury, the vehicles involved also complete the accident declaration on the back of the friendly declaration form
4. An accident caused by a load or a leakage of fluids used for the operation of a vehicle involved or a component detached from a vehicle involved falls within the scope of the agreement even if that vehicle does not come into contact with another vehicle.
5. A friendly claim can now be made if, after a collision between 2 vehicles, damage is caused to a lighting column, a sign, a trash can or a fence wall.
Any claim for damage to the object is made by the insurer of the at-fault driver outside the agreement
6. The agreement also applies in the event of coverage of own damages of the vehicles involved.
What does the amicable settlement cover:
1. The cost of repair or compensation due to total destruction of the vehicle
2. The cost of replacing a helmet, clothing and motorcycle suitcase as well as the vehicle's outer cover
3. The cost of transporting the vehicle.
Which companies are included in the amicable settlement?
The companies included in the amicable settlement are the following:
- ΙΝΤΕΡΑΜΕΡΙΚΑΝ Ε.Ε.Α.Ζ. ΜΟΝΟΠΡΟΣΩΠΗ ΑΕ
- ΔΥΝΑΜΙΣ Α.Ε.Γ.Α.
- ΥΔΡΟΓΕΙΟΣ Α.Α.Α.Ε.
- ΕΥΡΩΠΑΪΚΗ ΠΙΣΤΗ Α.Ε.Γ.Α.
- ALLIANZ ΕΛΛΑΣ ΜΟΝΟΠΡΟΣΩΠΗ Α.Α.Ε.
- INTERLIFE SA Α.Α.Ε.Γ.Α.
- GENERALI HELLAS ΜΟΝΟΠΡΟΣΩΠΗ A.A.E.
- ΝP ΑΣΦΑΛΙΣΤΙΚΗ-ΝΕΟΣ ΠΟΣΕΙΔΩΝ ΑΕΑΕ
- INTERASCO Α.Ε.Γ.Α.
- AIG EUROPE S.A.
- HELLAS DIRECT INSURANCE LTD
- QIC EUROPE LTD
- GASANMAMO INSURANCE LTD από (16/1/2023)
- EUROINS.AD INSURANCE COMPANY
- Η ΕΘΝΙΚΗ Α.Ε.Ε.Γ.Α.
- GENERALI HELLAS I AAE
- ΜΙΝΕΤTΑ Α.Α.Ε.
- ΟΡΙΖΩΝ Α.Ε.Γ.Α.
- GROUPAMA ΦΟΙΝΙΞ A.E.A.E
- ΑΤΛΑΝΤΙΚΗ ΕΝΩΣΗ Α.Ε.Γ.Α.
- ΣΥΝΕΤΑΙΡΙΣΤΙΚΗ Α.Ε.Ε.Γ.Α.
- ΑΓΡΟΤΙΚΗ ΑΣΦΑΛΙΣΤΙΚΗ Α.Ε.
- ΕΥΡΩΠΗ Α.Ε.Γ.Α.
- EUROLIFE FFH ΜΟΝΟΠΡΟΣΩΠΗ ΑΕΓΑ
- ERGO ΑΣΦΑΛΙΣΤΙΚΗ ΜΟΝΟΠΡΟΣΩΠΗ Α.Ε.
- PERSONAL INSURANCE Α.Ε.Γ.Α.
- ΓΕΝΙΚΗ ΠΑΝΕΛΛΑΔΙΚΗ ΣΥΝ.Π.Ε.
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