CreditWest - Time Out Insurance
Posted: Sun 10 Apr 2016 6:32 am
I see in this weeks Cyprus Today that CreditWest bank are offering a new car insurance policy called "time out" .
It appears to be aimed at those who are not in North Cyprus all the time and come and go (Swallows?), whereby the poloicy can be stopped and started accordingly. It certainly is something new, not sure how it will work as presume that if a vehicle is left parked up whilst out of the TRNC some insurance against fire, theft etc would still be required. Also not sure if it is only applicable to fully comprehensive policies or includes third party.
An interesting move and one that may be worth investigating and posting findings on the forum. I shall certainly make enquiries when our insurance is due later this year. Wonder if they provide or have any plans to extend this concept into other insurance areas such as medical.
It appears to be aimed at those who are not in North Cyprus all the time and come and go (Swallows?), whereby the poloicy can be stopped and started accordingly. It certainly is something new, not sure how it will work as presume that if a vehicle is left parked up whilst out of the TRNC some insurance against fire, theft etc would still be required. Also not sure if it is only applicable to fully comprehensive policies or includes third party.
An interesting move and one that may be worth investigating and posting findings on the forum. I shall certainly make enquiries when our insurance is due later this year. Wonder if they provide or have any plans to extend this concept into other insurance areas such as medical.