Insurance guides for the Greek market

All guides

1. The average clause: what happens when you are underinsured?

   26 August 2026·7 min read

   The average clause reduces a claim in the same proportion as the sum insured falls short of the insurable value. Published Greek home wordings define that value as the cost of rebuilding with the same materials and construction method, less the reduction in construction value. Because the term is written as a ratio, it reaches every claim, not only a total loss. Here is what the text says and where to find it in your own document.

2. Short-term letting and home insurance: what do the terms say?

   26 August 2026·7 min read

   Published Greek home wordings require, at inception, disclosure of everything objectively material to the assessment of the risk, and mid-term a declaration within fourteen days of anything that materially aggravates it. Whether short-term letting falls inside that is not something a guide can answer: the wording sets the criterion and your insurer applies it. Here is what the text says and where to find it.

3. How is ELGA compensation calculated?

   26 August 2026·7 min read

   Greece's compulsory crop insurance scheme covers a closed list of causes and insures the season's production, not the plant capital. A loss of up to twenty per cent of the parcel's production is, as a rule, not compensated; above that, the regulation pays eighty-eight per cent of the portion above fifteen per cent. The insured value is set administratively. Here is how the figure is arrived at.

4. How much does earthquake insurance cost?

   13 July 2026·Updated 27 July 2026·6 min read

   Earthquake cover is priced as a rate on the insured sum — indicatively a few euros per €1,000 of capital per year, depending on construction year and location. For a home insured for €150,000, the extra cost typically runs from tens to a few hundred euros annually, with a deductible around 2% of the sum insured. Combined earthquake-fire-flood cover also unlocks the ENFIA tax discount.

5. Where can you manage all your insurance policies online?

   27 July 2026·8 min read

   Tools that promise “all your policies in one place” fall into five categories: an insurer's own portal, an agent's app, a comparison site, generic file storage, and an insurance policy wallet. Only the last accepts policies from every insurer at once and actually reads what they say. None of them, however, collects premiums or returns official claim status.

6. Digital wallets and insurance premium payments: how it works

   27 July 2026·7 min read

   In insurance, “digital wallet” means two entirely different things. A payment wallet holds cards and moves money, so it can settle a premium wherever the insurer accepts that method. A policy wallet holds your contracts and your cover: it shows you what you pay and when cover ends, without moving any money at all.

7. Apps for policies, coverage and claims: what each one does

   27 July 2026·6 min read

   The phrase “all in one place” hides three different jobs: organizing documents, understanding cover, and getting claim updates. No single app does all three. Only your insurer or your intermediary can tell you where a claim stands. A policy wallet covers the first two and, when a loss happens, hands you the deadlines, the obligations and the right phone number.

8. What does car insurance cover?

   13 July 2026·6 min read

   Mandatory car insurance covers only the damage you cause to others — not your own vehicle. Basic packages typically add glass breakage and roadside assistance, while comprehensive (mikti) also covers own damage subject to a deductible. Critical exclusions: driving under the influence, without a license, or by an undeclared driver.

9. Health insurance deductibles: how do they work?

   13 July 2026·6 min read

   A deductible is the portion of hospital costs you pay before your health policy kicks in. It is defined annually or per incident — typically €300 to €5,000 — and the higher it is, the lower your premium. It can often be absorbed by the public fund (EOPYY) or an employer group policy, so you may end up paying nothing.

10. Pet insurance: what is excluded?

    13 July 2026·5 min read

    Pet insurance almost never covers pre-existing conditions, and most benefits activate only after waiting periods of days to months. Breed-specific exclusions or surcharges, entry age limits, and no preventive care are also common — vaccinations and antiparasitics usually sit outside the basic plan.

11. Employer group policies: what they provide and what to add individually

    13 July 2026·6 min read

    An employer group policy typically provides in-hospital and outpatient cover, life insurance, and permanent disability benefits — with no medical underwriting and costs borne mostly by the employer. Its limits: it ends when you leave, sums are often low, and you cannot customize it. That is why it works best as a base layer topped up individually.

12. How do you get the ENFIA tax discount with home insurance?

    7 July 2026·6 min read

    If your home is insured against all three risks — earthquake, fire, and flood — you are entitled to an ENFIA property-tax discount. The discount started at 10% in 2022 and has since been increased for homes with lower taxable value. A minimum policy duration and adequate insured sum are required; your insurer reports the data to the Greek tax authority (AADE).

13. What are coverage gaps and how do you find them?

    7 July 2026·7 min read

    A coverage gap is the difference between what you think your policy covers and what it actually covers. It hides in exclusions, insufficient insured sums, and risks that were never added. You find it by carefully reading the terms — or automatically, with an analysis tool like PolicyWallet, on the Family plan.

14. What should you check before renewing an insurance policy?

    7 July 2026·5 min read

    Before every policy renewal, check seven things: what changed in your life, whether insured sums match today's values, the deductible level, the exclusions, the premium increase, at least one alternative quote, and continuity of coverage with no gap days. Start 30 days before expiry.

Did not find what you were looking for? See what your own policy says. Needs check in 6 steps