Limassol Insurance. Affordable Insurance In Limassol.
January 25, 2023
Ian Westwood
January 25, 2023
Ian Westwood
Numerous types of insurance contracts are available in Cyprus, all designed for various reasons. We will cover the main types of insurance that you can find in Limassol throughout this guide.
We will discuss what you should expect to pay for these insurance contracts, including the average and minimum prices and their ranges.
We will also give you tips on reducing your insurance’s overall cost. You can potentially save thousands on just one contract by using our advice.
Table of contents
The various types of insurance in Limassol are sold under two main categories known as personal and business insurance.
Those two categories are sometimes known as individual or commercial insurance.
Personal insurance is designed to meet the needs of individuals, whereas business insurance is designed for commercial purposes.
We will introduce each type of insurance in the following section of our guide.
There are primarily three types of car insurance sold in Limassol.
Third-party insurance
Third-party insurance is mandatory and required by law.
If you are part of an accident involving your vehicle, third-party liability insurance covers the other driver’s costs and third-party property damages, injury and even death.
The coverage also extends to any other drivers and passengers in your vehicle.
Third-party, fire and theft insurance
Third-party, fire and theft insurance offers identical protection as standard third-party cover.
In addition, this coverage also helps to pay for any damage costs due to theft and fire involving your vehicle.
Comprehensive insurance
Comprehensive (or fully comprehensive) insurance contains identical terms to the previous two insurances, while it also offers more protection.
This coverage additionally helps to pay for damages due to natural disasters, and it also covers damages from car accidents, no matter who was responsible for the crash.
Limassol Car Insurance
To learn more, you can find our complete guide to car insurance in Cyprus here.
Boat insurance is not mandatory, but there are cases when you might need it. It is designed to protect your watercraft from covered risks, such as third-party injury and property damage.
This type of insurance can cover various private and commercial vessels, such as yachts, motorboats, inflatable boats, jet boats, and sailboats.
Limassol Boat Insurance
To learn more, you can find our complete guide to boat insurance in Cyprus here.
Various types of home insurance are sold in Limassol, and each is designed for different purposes.
Homeowners insurance
Standard homeowners insurance is designed for property owners who live in their insured home all year round.
This coverage includes liability cover and works to financially protect you in case of certain damages and losses.
Holiday home insurance
Holiday home insurance is intended for property owners who temporarily live in their insured property and rent it out or leave it vacant when they aren’t residing there.
This type of insurance only covers a secondary place of residence, but it includes similar coverage as home insurance as well as some terms specifically designed for holiday homes.
Third party liability is obligatory for holiday or second home owners in Cyprus.
Contents insurance
Contents insurance (or personal property insurance) offers protection for your home’s contents and helps pay for damage costs resulting from covered risks.
Most standard contents insurance pays towards the replacement or repair costs of ordinary household items like personal effects, furnishings, furniture and electricals.
Landlords insurance
Landlord insurance is another policy with similar coverages to home insurance, such as personal liability, but it includes tailored cover for rental property protection.
If you are up against a damage or injury claim as a landlord, liability coverage will shield you from paying out-of-pocket costs.
Third party liability is obligatory for second home owners or landlords in Cyprus.
Limassol Home Insurance
To learn more, you can find our complete guide to home insurance in Cyprus here.
Health insurance can cover healthcare costs associated with disease or bodily injury accidents.
Your insurance provider may be able to pay for your healthcare costs upfront, but you may be required to do so in other cases. See our article below to read about its various terms.
Limassol Health Insurance
To learn more, you can find our complete guide to health insurance in Cyprus here.
Life insurance works to reduce financial issues in the event you pass away and leave behind your financial obligations to your loved ones.
This coverage gives you the peace of mind that your beneficiaries can pay off any debts or expenses related to your death as well as their living expenses after you pass away.
Limassol Life Insurance
To learn more, you can find our complete guide to life insurance in Cyprus here.
Critical illness insurance goes into effect quickly to help pay for healthcare expenses for an urgent or unexpected medical issue.
This coverage can financially protect you if you are diagnosed with a serious critical illness that requires emergency attention and expensive treatment.
Limassol Critical Illness Insurance
To learn more, you can find our complete guide to critical illness insurance in Cyprus here.
Travel insurance is designed to cover risks associated with travelling.
Covered risks include various issues, from minor ones to major ones, such as missed flight connections, trip cancellations, luggage delays, and even illness, injuries, and death.
Limassol Travel Insurance
To learn more, you can find our complete guide to travel insurance in Cyprus here.
Immigration medical insurance is essential and compulsory coverage for people moving to Cyprus.
It’s a standardised government policy sold by insurance companies and designed for all non-EU and most EU nationals who will apply for a residency status aiming to live and work in Cyprus.
Limassol Immigration Medical Insurance
To learn more, you can find our complete guide to immigration medical insurance in Cyprus here.
Savings insurance is an invaluable insurance product if you are a tax resident in Cyprus, whether or not you are permanently domiciled here.
This product is the only independent saving plan recognised by the Cypriot tax authorities as a valid tax exemption.
Limassol Saving Insurance & Private Pensions
To learn more, you can find our complete guide to saving insurance in Cyprus here.
Income protection insurance is a crucial insurance product aimed at protecting self-employed people and businessmen from covered risks.
It immediately goes into effect to protect you from losing your income if you can’t work as usual – either temporarily or permanently.
Limassol Income Protection Insurance
To learn more, you can find our complete guide to income protection insurance in Cyprus here.
Personal accident insurance is another invaluable contract for self-employed people and businessmen aimed to protect them from covered risks and loss of income.
This coverage offers identical protection to income protection insurance, while it also covers expenses related to accidental death.
Limassol Personal Accident Insurance
To learn more, you can find our complete guide to personal accident insurance in Cyprus here.
Business insurance is made to protect you and your business from many risks associated with managing a company and the financial losses that you may face as a result.
The coverages in business (or commercial) insurance include financial help for events such as professional errors, theft, cyber-attacks, third-party property damage, accidents and injuries.
Limassol Business Insurance
To learn more, you can find our complete guide to business insurance in Cyprus here.
Cyber insurance protects you and your business from the potentiality of facing a cyber-attack, which is especially crucial if you handle sensitive information online.
It’s invaluable coverage no matter what business services you carry out online, and it’s also essential if you are an IT service provider to third parties.
Limassol Cyber Insurance
To learn more, you can find our complete guide to cyber insurance in Cyprus here.
Group health insurance is an optional healthcare insurance product that employers offer their employees. It can pay for any costs necessitated by the treatment of accidental bodily injury or disease.
Group plans include expenses arising from hospitalisation (or inpatient expenses) and optional outpatient expenses, or those arising outside of hospitalisation.
Limassol Group Health Insurance
To learn more, you can find our complete guide to group health insurance in Cyprus here.
Employers liability insurance provides business owners with legal defence protection as an outcome of employee work-related illness or injury claims.
Your business might face excessive legal fees and reputational harm born from claims, and employers liability insurance can help you to cover the damage.
Limassol Employers Liability Insurance
To learn more, you can find our complete guide to employers liability insurance in Cyprus here.
Directors and officers (D&O) insurance is essential coverage to own in Limassol.
D&O insurance protects you and your company from disreputable acts in managing your company, whether they’re actual or alleged.
If a claim is made against you as a director or officer of a company, this insurance will help to cover lawsuit settlements, legal expenses, and other fees.
Limassol D&O Insurance
To learn more, you can find our complete guide to D&O insurance in Cyprus here.
Keyman insurance is designed to protect a company from losing valuable employees, or “key men”, who might be tricky and costly to replace, both in time and money.
Keyman insurance buys you time if you need to replace key employees and lessens the financial impact of losing them.
Limassol Keyman Insurance
To learn more, you can find our complete guide to keyman insurance in Cyprus here.
General public liability insurance goes into effect to protect you and your company against claims made by your clients or visitors (or the general public).
This coverage helps you pay for any expenses related to the cause of such claims, such as injuries and property damage, or even death.
Limassol General Public Liability Insurance
To learn more, you can find our complete guide to public liability insurance in Cyprus here.
Professional indemnity insurance is intended to lessen the damages to a company associated with an accusation of their making professional mistakes, whether actual or not.
Regardless if you or your company are found to be guilty, help with legal defence and any compensation costs can be a lifeline for your company, helping you avoid bankruptcy.
Limassol Professional Indemnity Insurance
To learn more, you can find our complete guide to professional indemnity insurance in Cyprus here.
Marine insurance covers various goods while they are in transit as part of commercial services and aims to mitigate the risk of financial or other issues caused by their damage or loss.
Many modes of transportation are covered by marine insurance (e.g. boats, planes, and vehicles).
Limassol Marine Insurance
To learn more, you can find our complete guide to marine insurance in Cyprus here.
Save money on various insurance products
Use our guidelines below to save money on your insurance in Limassol.
How to lower the cost of your car insurance policy in Limassol
How to lower the cost of your boat insurance policy in Limassol
How to lower the cost of your house insurance policy in Limassol
How to lower the cost of your health insurance policy in Limassol
How to lower the cost of your life insurance policy in Limassol
How to lower the cost of your travel insurance policy in Limassol
How to lower the cost of your immigration health insurance policy in Limassol
How to lower the cost of your business insurance policy in Limassol
How to lower the cost of your cyber insurance policy in Limassol
How to lower the cost of your D&O insurance policy in Limassol
How to lower the cost of your professional indemnity insurance policy in Limassol
We will now outline the statistical range of premiums for the various types of insurance you will find in Limassol.
Our statistics exclude the “outliers”, or those premium costs that are abnormally high due to abnormal circumstances, which are quite rare.
Limassol car insurance cost
The average cost:
The range of cost:
The minimum cost:
For a tailor-made quote and a precise calculation of your car insurance cost, use our questionnaire.
Limassol boat insurance cost
For a tailor-made quote and a precise calculation of your boat insurance cost, use our questionnaire.
Limassol home insurance cost
For a tailor-made quote and a precise calculation of your home insurance cost, use our questionnaire.
Limassol health insurance cost
For a tailor-made quote and a precise calculation of your health insurance cost, use our questionnaire.
Limassol life insurance cost
For a tailor-made quote and a precise calculation of your life insurance cost, use our questionnaire.
Limassol critical illness insurance cost
For a tailor-made quote and a precise calculation of your critical illness insurance cost, use our questionnaire.
Limassol travel insurance cost
For a tailor-made quote and a precise calculation of your travel insurance cost, use our questionnaire.
Limassol immigration medical insurance cost
The minimum cost:
For a tailor-made quote and a precise calculation of your immigration medical insurance cost, use our questionnaire.
Limassol income protection insurance cost
For a tailor-made quote and a precise calculation of your income protection insurance cost, use our questionnaire.
Limassol personal accident insurance cost
For a tailor-made quote and a precise calculation of your personal accident insurance cost, use our questionnaire.
Limassol business insurance cost
For a tailor-made quote and a precise calculation of your business insurance cost, use our questionnaire.
Limassol cyber insurance cost
For a tailor-made quote and a precise calculation of your cyber insurance cost, use our questionnaire.
Limassol group health insurance cost
For a tailor-made quote and a precise calculation of your group health insurance cost, use our questionnaire.
Limassol employers liability insurance cost
For a tailor-made quote and a precise calculation of your employers liability insurance cost, use our questionnaire.
Limassol directors and officers insurance cost
For a tailor-made quote and a precise calculation of your D&O insurance cost, use our questionnaire.
Limassol keyman insurance cost
For a tailor-made quote and a precise calculation of your keyman insurance cost, use our questionnaire.
Limassol general public liability insurance cost
For a tailor-made quote and a precise calculation of your public liability insurance cost, use our questionnaire.
Limassol professional indemnity insurance cost
For a tailor-made quote and a precise calculation of your professional liability insurance cost, use our questionnaire.
The increasing number of contracts we handle and our team’s expertise enable us to offer our clients the most affordable insurance deals in Limassol.
Pitsas Insurances is a top choice for expatriates and international companies in Limassol, and one of the country's most significant insurance providers.
Pitsas Insurances is the largest online insurance provider in Cyprus, and we have been able to serve more clients worldwide since taking more of our services online in 2004.
Our online services enable you to easily acquire insurance contracts anytime and anywhere.
Moreover, our reliable insurance agents are on hand to provide excellent customer service, and we use strict security measures to make sure your personal data is kept safe.
We can also answer any of your questions via a free video call. Nevertheless, we maintain certain traditions here, and you are welcome to visit our office for a face-to-face consultation.
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.
What constitutes the best insurance contract is subjective and will be determined by your needs.
Pitsas Insurances use the answers and information you provide on your questionnaire to tailor the best insurance contract for you.
We implement a methodical process to determine the minimum number of terms that will work best for your needs, and then we analyse your network’s requirements, if any.
Once we have done that, we suggest ways in which you can increase your protection.
Limassol Insurance
We offer our clients the most affordable contracts in Limassol, with fewer exceptions than comparable ones in Cyprus.
We work side by side with more international underwriters than any other insurance provider in the country.
Pitsas Insurances is a well-trusted and top-rated insurance company in Cyprus, one of the oldest in the country.
We have been serving our clients since 1985 and are constantly developing our business to meet their needs.
By working with the largest international and local underwriters, we are able to bring you an unparalleled insurance service in Cyprus.
We can prepare every type of insurance quote for you within minutes of your request.
To see our full range of services and for more helpful guides on saving money on your insurance in Limassol, visit our website.
Use our online form to contact us if you have any questions.
Pitsas Insurances Team