Insurance

On this page, you will find important information about our car rental insurance coverage, terms, and options offered by CAR-AKAS.

Insurance Options

All the cars it is not permitted to go to mainland Greece

At CAR-AKAS we offer two insurance options for your rental:

  1. Standard Insurance
  2. Premium Insurance (optional)

Both options are subject to the terms and exclusions listed on this page.

What is not covered by any insurance

Regardless of the insurance option selected, no insurance covers the following:

  1. Damage to tyres when the damage is on the sidewall
  2. Damage to glass / windows / windscreen
  3. Damage to mechanical parts of the vehicle
  4. Malicious acts or vandalism
  5. Damage to the interior of the vehicle (seats, dashboard, upholstery, etc.)
  6. If any unauthorized driver is driving the rented car.
  7. For personal injury including death, or property damage caused to the driver of the car and his property.
  8. For damage, loss, or theft of baggage and other property carried in the car.

Any costs arising from the above remain the full responsibility of the renter.

A. Standard Insurance

Simple Insurance is included in every rental and provides basic coverage according to the general rental terms.

In case of damage to the vehicle, the renter is responsible up to the amount of the Excess, depending on the car category (see “Security Deposit & Excess” below).

Simple Insurance does not reduce the security deposit and does not cover the exclusions listed above.

B. Premium Insurance

Premium Insurance is an optional extra that can be added on a per-day basis, depending on the vehicle category.

With Premium Insurance:

  • The vehicle is covered all around the bodywork for panel damage (bodywork / paintwork)
  • Side mirrors are covered
  • Headlights and tail lights are covered
  • Tyres are covered, as long as the damage is not on the sidewall

In case of an incident under Premium Insurance, the renter is charged a file handling fee of €75 for the processing of the claim with the insurance company.

Premium Insurance Daily Cost per Category

C. Security Deposit & Excess (Applies to ALL insurance options)

A Security Deposit is required for every rental, regardless of whether the customer chooses Standard or Premium insurance.

The deposit amount is pre-authorized on the renter’s card via POS upon vehicle pick-up.
This is not a charge, but a temporary hold which is fully released if the vehicle is returned without damage.

Deposit & Excess per Car Category

FIAT Panda, Peugeot 108

  • Security Deposit: €300
  • Excess: €1,110

FIAT Tipo, Peugeot 208 (Manual)

  • Security Deposit: €400
  • Excess: €1,400

FIAT Doblo, Peugeot 2008 (Automatic), Peugeot 208 (Automatic)

  • Security Deposit: €600
  • Excess: €1,600

How Excess Works

  • If the repair cost is lower than the Excess, the renter pays the exact cost.
  • If the repair cost is higher than the Excess, the renter pays up to the Excess amount, and the remaining cost is covered according to the insurance terms.

D. Keys

For all insurance options, in case of loss of key or damage (including water damage), a fixed fee of €300 applies.

Ε. Security Deposit – How it Works

A Security Deposit is required for every rental, regardless of whether the customer chooses Standard or Premium insurance.
The deposit serves as a guarantee and is used only in case of damage or violation of the rental terms.

The deposit is not charged online.
It is placed as a pre-authorization (temporary hold) on the renter’s card during vehicle pick-up, using our Viva POS terminal.

No.
A pre-authorization is not a payment.
It is a temporary hold of the deposit amount on the customer’s card balance.

The deposit is fully released once:

  • the vehicle is returned on time
  • no damage has occurred
  • no terms of the rental agreement have been violated

The release time depends on the customer’s bank (usually 3–14 days).

The deposit may be used only in cases such as:

  • damage to the vehicle (up to the Excess amount)
  • violation of rental terms
  • loss or damage of the key (€300 fixed fee)
  • fuel or cleanliness penalties (if applicable)
  • Panda / 108: €300
  • Tipo / 208 Manual: €400
  • 2008 Auto / Doblo / 208 Auto: €600
peugeot108

Car-Akas offers you the chance to discover Ikaria with freedom and comfort, selecting the vehicle that best suits your needs. Our fleet includes a variety of vehicles for all types of travelers, from small and economical cars for everyday drives to larger vehicles for more demanding routes across the island.