Insurance in Limassol. Affordable insurance in Limassol.
April 14, 2023
Ian Westwood
April 14, 2023
Ian Westwood
This complete guide to insurance in Limassol will analytically cover the main types of individual and business insurance contracts available in the city.
We will examine the price range of most of these insurance contracts, including the average and minimum prices. We will also suggest various ways to reduce the price of these insurances.
You will know how to cut costs on your insurance by the end of this guide and potentially save thousands on just one contract.
Table of contents
Insurances in Limassol are classified into two main categories with extensive options.
We will introduce the types of insurance under each category.
Health insurance works to cover your healthcare expenses in the event you need financial aid for disease or bodily injury accidents.
The insurance company sometimes pays for these healthcare expenses upfront. In other cases, you will be compensated by the insurance company after paying for the expenses and providing them with the receipts.
Health Insurance in Limassol
See here to read our complete guide to health insurance in Cyprus.
Various types of home insurance are available in Limassol to suit different needs.
Landlords insurance
Landlord insurance works to protect a landlord’s rented property and contains various coverages, such as personal liability coverage.
If you face a damage or injury claim made by a tenant, liability coverage will go into effect to help pay for the associated expenses.
For landlords, third party liability coverage is compulsory in Cyprus.
Homeowners insurance
Standard home insurance is designed for homeowners who live in their insured property year-round.
Homeowners insurance covers specific damages and losses and includes liability cover, but standard policies have limits. Separate home policies are designed to cover exclusions.
Holiday home insurance
25% of holiday homes in Cyprus are located in Limassol.
Holiday home insurance is designed for people who live in their insured property for part of the year, often while on holiday.
This insurance covers a secondary place of residence and is ideal for people who use the insured property in Cyprus while travelling.
For holiday home property owners, third party liability coverage is compulsory in Cyprus.
Contents insurance
Content insurance works to provide financial protection for the contents of your home and goes into effect if your home suffers covered risks.
Sometimes known as personal property insurance, most contents insurance in Limassol helps to replace or repair common household items, such as furniture and electrical items.
Home Insurance in Limassol
See here to read our complete guide to home insurance in Cyprus.
There are three car insurance coverages in Limassol.
Third-party car insurance
This coverage is a legal requirement the Republic of Cyprus.
If you are involved in a car accident, third-party liability covers the other driver’s expenses while it also covers third-party property damage, injury and death.
Coverage extends to other drivers in your vehicle and any passengers also.
Third-party, fire and theft car insurance
This coverage works to protect you in the same ways as standard third-party liability insurance.
In addition, third-party, fire and theft also cover any damage expenses arising from the theft of your vehicle and fire.
Comprehensive car insurance
Fully comprehensive (or comprehensive) car insurance offers identical coverage as the previous two insurances while it also covers natural disasters like storms, earthquakes, floods and hurricanes.
Comprehensive insurance covers vehicle damages in an accident regardless of who caused it.
Car Insurance in Limassol
See here to read our complete guide to car insurance in Cyprus.
Life insurance works to financially protect your family from the possibility of your death and the financial issues it would cause them.
Insuring your life gives you the peace of mind that your family will be financially secure to pay off any debts, living expenses, and medical or final expenses after you pass away.
Life Insurance in Limassol
See here to read our complete guide to life insurance in Cyprus.
Boat insurance works to financially protect you and your boat from covered risks, including third-party injury or damage to another’s property.
This insurance covers various watercrafts, regardless if they’re private or commercial, such as inflatable boats, motorboats, sailboats, and jet boats.
Boat Insurance in Limassol
See here to read our complete guide to boat insurance in Cyprus.
Critical illness insurance works to help you pay for healthcare expenses for an unexpected or urgent medical issue.
This coverage will go into effect to financially protect you in the event you are diagnosed with a critical illness that requires costly treatment.
Critical Illness Insurance in Limassol
See here to read our complete guide to critical illness insurance in Cyprus.
Acquiring immigration medical insurance is a prerequisite for anyone planning to move to Cyprus.
It’s a compulsory and standardised medical insurance policy for all non-EU nationals applying for any type of residency status and for most EU nationals planning to live or work in the country.
Immigration Medical Insurance in Limassol
See here to read our complete guide to immigration medical insurance in Cyprus.
Travel insurance works to mitigate the financial losses that could arise from covered risks while you are travelling.
The covered risks include issues such as missed connections, luggage delays, trip cancellations, and even critical illnesses and injuries.
Travel Insurance in Limassol
See here to read our complete guide to travel insurance in Cyprus.
Income protection insurance works to financially safeguard self-employed people and businessmen.
It’s an essential insurance product designed to protect you from a loss of income if you become temporarily or permanently unable to work as normal.
Income Protection Insurance in Limassol
See here to read our complete guide to income protection insurance in Cyprus.
Personal accident insurance is another indispensable insurance policy for self-employed people and businessmen.
Personal accident insurance offers identical coverage to income protection insurance, while it additionally covers accidental death.
Personal Accident Insurance in Limassol
See here to read our complete guide to personal accident insurance in Cyprus.
Whether you are domiciled in Cyprus or not, savings insurance is a valuable insurance product if you are a tax resident in Cyprus.
Savings insurance is the only independent saving plan recognised by Cypriot tax authorities as a valid tax exemption.
Saving Insurance & Private Pensions in Limassol
See our complete guide to savings insurance & private pensions in Cyprus here.
Keyman insurance works to protect an employer’s key employees and those who might be difficult to replace. The “key men” are the company’s most valuable employees.
Your company can face service interruptions and financial losses if you lose core employees, which is exactly what keyman insurance will help you to avoid.
Keyman Insurance in Limassol
See here to read our complete guide to keyman insurance in Cyprus.
Directors and officers insurance, also known as D&O insurance, is a critical coverage to carry in Limassol.
It works to protect you or your company from wrongful acts in managing your company, whether that’s actual or alleged wrongdoings.
If you face a claim as a director or officer of a company, this insurance will help to cover legal expenses, lawsuit settlements, and other fees.
D&O Insurance in Limassol
See here to read our complete guide to D&O insurance in Cyprus.
Business insurance (or commercial insurance) works to protect your business from various covered risks in managing your company and the consequent financial losses that can arise as a result.
The various coverages in business insurance cover events such as theft, professional errors, property damage, cyber-attacks, accidents and injuries.
Business Insurance in Limassol
See here to read our complete guide to business insurance in Cyprus.
Cyber insurance works to protect companies handling sensitive data online and carrying out their business services online.
It’s an invaluable insurance product no matter what services you provide online, and it’s also indispensable if you provide IT services to third parties.
Cyber Insurance in Limassol
See here to read our complete guide to cyber insurance in Cyprus.
Employer liability insurance works to protect business owners against legal action resulting from employee work-related injury or illness claims.
Your business might face expensive legal costs for such claims, such as attorney fees and settlements, and employers liability insurance can help to cover the costs.
Employers Liability Insurance in Limassol
See here to read our complete guide to employers liability insurance in Cyprus.
Marine insurance covers commercial goods and property that are being transported from one place to another as part of commercial services.
This insurance works to reduce the financial consequences arising from the damage and loss of these goods and property.
The covered goods can be transported in various ways, such as via a boat, a plane, and a vehicle, yet still be covered by marine insurance.
Marine Insurance in Limassol
See here to read our complete guide to marine insurance in Cyprus.
Professional indemnity insurance works to protect you in the event of claims and subsequent lawsuits for actual or alleged professional mistakes.
Regardless if you are found guilty or not, support with legal defence can help you avoid paying for lawsuits and compensation fees on your own, potentially leading to bankruptcy.
Professional Indemnity Insurance in Limassol
See here to read our complete guide to professional indemnity insurance in Cyprus.
General public liability insurance works to protect a company against claims made by the general public (i.e. their clients or visitors).
It goes into effect to help you pay for medical costs and other expenses resulting from injuries and property damage, or even death.
General Public Liability Insurance in Limassol
See here to read our complete guide to general public liability insurance in Cyprus.
Group health insurance is a healthcare insurance option that employers provide to their staff members. It provides expenses for accidental bodily injury or disease.
Hospitalisation expenses (or inpatient expenses) are included in group plans, and there is usually an option for outpatient expenses or those expenses arising outside of hospitalisation.
Group Health Insurance in Limassol
See here to read our complete guide to group health insurance in Cyprus.
The following section presents the statistical range of insurance premiums you can expect to find in Limassol for the different types of insurance.
These statistics exclude “outliers”, which are abnormally expensive premium prices resulting from abnormal circumstances.
Car insurance price in Limassol
The average price of car insurance in Limassol:
The price range of car insurance in Limassol:
The minimum price of car insurance in Limassol:
To receive a tailor-made quotation and an accurate figure of your car insurance cost, complete our questionnaire here.
Home insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your home insurance cost, complete our questionnaire here.
Health insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your health insurance cost, complete our questionnaire here.
Life insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your life insurance cost, complete our questionnaire here.
Immigration medical insurance price in Limassol
The minimum price of immigration medical insurance in Limassol:
To receive a tailor-made quotation and an accurate figure of your immigration medical insurance cost, complete our questionnaire here.
Personal accident insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your personal accident insurance cost, complete our questionnaire here.
Critical illness insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your critical illness insurance cost, complete our questionnaire here.
Income protection insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your income protection insurance cost, complete our questionnaire here.
Boat insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your boat insurance cost, complete our questionnaire here.
Travel insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your travel insurance cost, complete our questionnaire here.
Business insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your business insurance cost, complete our questionnaire here.
Employers liability insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your employers liability insurance cost, complete our questionnaire here.
Professional indemnity insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your professional indemnity insurance cost, complete our questionnaire here.
Directors and officers insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your D&O insurance cost, complete our questionnaire here.
Cyber insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your cyber insurance cost, complete our questionnaire here.
General public liability insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your public liability insurance cost, complete our questionnaire here.
Group health insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your group health insurance cost, complete our questionnaire here.
Keyman insurance price in Limassol
To receive a tailor-made quotation and an accurate figure of your keyman insurance cost, complete our questionnaire here.
General advice to cut costs on your insurance
Use our tips below to save on your insurance in Limassol.
How to reduce the price of your car insurance in Limassol
How to reduce the price of your house insurance in Limassol
How to reduce the price of your health insurance in Limassol
How to reduce the price of your life insurance in Limassol
How to reduce the price of your immigration health insurance in Limassol
How to reduce the price of your business insurance in Limassol
How to reduce the price of your professional indemnity insurance in Limassol
How to reduce the price of your directors and officers insurance in Limassol
How to reduce the price of your boat insurance in Limassol
How to reduce the price of your cyber insurance in Limassol
How to reduce the price of your travel insurance in Limassol
Pitsas Insurances is a trusted choice for expatriates and international companies in Limassol and one of Cyprus’s biggest insurance providers.
We provide the most affordable insurance deals for our clients through the growing number of contracts we handle and our team’s expertise.
We work with all of the local underwriters in the country and the biggest international ones allowing us to provide generous discounts on their predetermined premiums.
Cheap Insurance Limassol
Pitsas Insurances know how to find the cheapest insurance in Limassol. In addition, you can buy affordable insurance online.
We are the largest online insurance provider in Cyprus, Limassol, and internationally since taking more services online in 2004.
Our online services have enabled us to serve our clients while they’re comfortably seated at home. You can acquire insurance contracts easily with us from your living room.
Our friendly insurance agents are on call to provide exceptional customer service, all done using tight security measures to keep your data safe.
We can also communicate with you and answer your questions online via a free video call or consultation. All you need to do is arrange an appointment with us.
Nevertheless, we maintain certain traditions at Pitsas Insurances, and you are more than welcome to arrange a face-to-face consultation in our office.
Even though you can purchase insurance independently online, you won’t be without an actual insurance consultant to guide you through anything you need help with, including receiving compensation.
At Pitsas Insurances, we build lasting interpersonal relationships with our clients, who are considered more like our friends.
We invest significant energy to help all of the clients we serve to achieve their financial goals.
The best insurance contract is subjective and determined by your unique needs.
Pitsas Insurances work with you and the information on your insurance application to tailor your best insurance contract.
Our methodical process begins by determining the minimum number of terms your policy should include. Then we examine any of your professional or personal networks’ requirements.
We first ensure you are adequately covered, then suggest ways to boost your protection with optional extra coverage.
Insurance Limassol
Our clients gain the most affordable contracts in Limassol through our services, and these contracts have fewer exceptions than comparable ones in the country.
We work alongside more international underwriters than any other insurer in Cyprus.
Pitsas Insurances is a renowned insurance company and one of the oldest in Cyprus.
We have been operating since 1985 and continually seek to improve our business services to meet our client’s financial goals.
We work with the largest international and local underwriters to bring you the highest quality insurance services in Cyprus.
We can prepare quotes for you within minutes of every insurance product that interests you.
For more offerings and guides on how to help you save money on your insurance in Cyprus, visit our website here.
Pitsas Insurances Team