Insurance cover for purchases made using a T.T. MasterCard

Use your T.T. MasterCard and have free insurance for your purchases!

The Greek Postal Savings Bank offers free insurance for purchases made using your T.T. MasterCard.

This cover is offered for 100 euro to 1.000 euro purchases.

Cover provided

The insurance covers against the following risks:

1. Theft of the object or objects purchased due to a break-in at the place where they are located, including theft of the objects purchased using a card due to the theft of the car in which car these objects were located at the time of the theft.
2. loss of the object(s) purchased because their owner was robbed.
3. fire in the place where the object or objects purchased are located.
4. chance damage caused to the object or objects purchased from unforeseen causes.

Note

The cover provided in accordance with paragraphs (1), (2), (3) and (4) will be in effect for a period of six (6) months following the date of purchase of the object and within the limits of the territory of Greece.

Instances that are not covered

The insurance coverage provided does not apply in the following cases of purchases made by card holders.

Besides the instances where cover does not apply worldwide (cases of war, insurrection, act of God, and or radioactive contamination or nuclear explosion, malicious or intentional action on the part of the insured) the coverage supplied will not apply for:

1. Purchases of cars, motorcycles, bicycles
2. Purchases of leisure boats and outboard motors for sea-going vessels
3. Theft of objects from and/or from inside cars and / or other kinds of vehicles, with the sole exception of loss of objects due to the theft of the entire car
4. Loss of commercial paper, coins, travellers’ cheques, tickets, animals and plants
5. Damage caused by the natural use of or wear on the objects covered
6. Damage due to poor workmanship and / or defective materials of the product
7. Product damage arising from improper use of the product in applications for which it was not meant to be utilised
8. Loss that cannot be certified or simple theft (i.e. theft that is not due to breaking and entering in a violent manner of the building in which the objects are located or proven attack or violence committed against the insured individual - robbery)
9. Mobile phones and gold jewellery