Piraeus Hotel & Rented Room Civil Liability Insurance

A civil liability insurance plan for hotels and rented rooms offered by Piraeus Bank in partnership with ERGO Insurance Company. Protect yourself and members you add to the policy when you are responsible for unforeseeable events at your hotel facilities or have a legal or moral obligation to pay compensation for losses sustained there.
WHAT IT COVERS
  • Bodily injury, death or material damage for you and members you add to your policy, for unforeseeable events at your hotel facilities
DURATION
1 year
With an option to renew


6-month
coverage with a 15% discount
on annual premiums also available
PREMIUM PER YEAR
From
€85
OTHER FEATURES
  • Choice of type of coverage and insured amount
  • Interest-free premium instalments

How you benefit

Comprehensive civil liability insurance

Piraeus Hotel & Rented Room Civil Liability Insurance offers full protection against losses and damage to third parties that occur at your hotel or rented rooms due to your own acts or omissions.



Insurance tailored to your needs

Build an insurance plan that suits you, depending on the type of coverage you want and the amount of compensation you might need for: bodily injury, death, material damage, moral harm, mental anguish and other additional forms of coverage.

Add other members to your policy such as hotel or rented room employees, if necessary.



Low premiums and discounts

Piraeus Hotel & Rented Room Civil Liability Insurance is extremely affordable. Use any Piraeus Bank credit card to pay your premiums in up to 12 interest-free monthly instalments.




Discounts available

Insured capital Discount
Up to €50,000
  0%
From €50,001 to €100,000
  10%
From €100,001 to €150,000
  15%
From €150,001 to €200,000
  20%
From €200,001 to €800,000
  25%




Contracts issued immediately

It takes no time to get from insurance quote to having the contract issued and paid for. Then simply pick up your policy at the branch of Piraeus Bank that suits you.

Coverage

Basic coverage

Piraeus Small Hotel & Rented Room Property Insurance comes in 2 versions: Basic and Ideal. The basic and optional forms of coverage in each plan are provided in line with the general and special terms of your contract. These include:



Basic coverage Basic Ideal
Fire, lightning-induced fire, exploding appliances and facilities, falling aircraft, widespread explosions, forest fire
    
    
Terrorist acts, uprisings, strikes, riots, malicious acts
    
    
Falling trees, lamp-posts
    
    
Collision with third party vehicles
    
    
Rubble collection, up to 10% of insured capital
    
    
Short-circuits
    
(up to €1,500)
    
(up to €3,000)
Architect’s / engineer’s fees and license fees, up to 10% of insured capital
    
    
Damage amelioration costs
   
(up to 10% of insured capital)
    
(up to €1,500)
Flood, storm, squall, snow, weight of snow, hail, frost
         
Water pumping costs up to €1,000, leaking water/heating/air-conditioning or sewerage pipes, cost of exploratory work in case of water damage, €1,000
         
Broken outer windows, up to €5,000
         
Material damage, third party civil liability following insured risk, up to 50% of insured capital subject to €50,000 max
         
Tenant’s civil liability following insured risk, up to 50% of insured capital subject to €25,000 max
         
Theft, theft-related damage to building up to €1,500, stolen takings up to €1,500, burglary/theft of safe, up to €1,500
         
Loss of rents up to €1,500, money transfers up to €2,000, storage costs up to €2,500
         
Electronic Equipment All Risks Insurance, up to €10,000div>
         
Relocation expenses, up to 10% of insured capital
         
Damage due to insured risk affecting central heating boiler, solar water heater and items on exterior of building. Only items firmly affixed to the exterior are covered. Maximum coverage in the case of awnings is €400, if proven to have been installed within the previous 5 years.
         
Damage to goods
         



Optional coverage

Bolt on optional forms of coverage to your insurance plan:


Optional coverage Basic Ideal
Earthquake and/or earthquake-induced fire
    
    
Business overheads coverage. Overheads and extra expenses incurred as a result of the business suspending operations because of an insured risk occurring are covered
         



Example of premiums payable

200m2 apartment Basic Ideal
Insured capital for building shell
  €200.000   €200.000
Contents insured capital
  €25.000   €25.000
Total annual premiums
  €137   €223


These premiums have been computed without earthquake coverage.


200m2 apartment Basic Ideal
Insured capital for building shell
  €200.000   €200.000
Contents insured capital
  €25.000   €25.000
Total annual premiums
  €407   €493


These premiums have been computed to include earthquake coverage.

Deductibles

Maximum deductible

Depending on the coverage you went for:

  • A 10% deductible on losses applies to all forms of coverage (apart from fire), subject to a max. deductible of €750
  • A 2% deductible applies to the insured value per incident, in the case of earthquake coverage