Home Insurance in Cyprus
Special offers for holiday homes
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Tailor made home insurance packages -
Special offers for holiday homes -
Low excess rates -
Comprehensive contracts -
Clear terms and conditions -
Additional coverage to include employers liability for house maids
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Security Systems Discount -
If your home is protected by an alarm system, surveillance cameras, or a modern security setup, you may be eligible for a discount. -
Fire Protection Discount -
Homes with smoke detectors, fire extinguishers, or sprinkler systems may qualify for additional savings. -
Expatriates Discount -
Special rates are available for clients who do not reside in Cyprus year-round. -
No-Claims Discount -
Enjoy reduced premiums if you haven't made any claims over a set period. -
Loyalty Discount -
Long-term clients of Pitsas Insurance may benefit from discounts as a token of appreciation for their continued trust.
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First of all, it needs to be stated that for insurance purposes your property’s purchase price is irrelevant. To correctly estimate its value, you need to first subtract the value of the land and subsequently estimate the building’s construction value. The question you need to ask yourself is how much it would cost to reconstruct my house in case of its total destruction. A rather effective way to make an approximate estimation of that is to multiply the square footage of covered spaces by the average costs of construction as given by the Cyprus Statistical Service. You will also need to separately calculate the cost of any additional constructions (e.g. outdoor flooring, grill, pergolas, fences or a pool). -
After you have correctly calculated the reconstruction costs of your house, you will then need to calculate its content value. What interests us is the value of objects when you first purchased them and not their current value. In case of valuable objects such as jewellery you will need to prepare a detailed list containing photographs, certificates and proof of purchase. -
The bank cannot actually make you sign an insurance contract with the insurance company they are in partnership with. The Cyprus Competition Authority ensures the borrower’s right to find the insurance contract that better responds to their needs in terms of both coverage and cost. -
This coverage is defined as the accidental cause of damage to your property by either you or your family. Our premium plans include this type of coverage. -
No. If you, however, want the car parked in your garage to be insured for both fire and theft, you will need to purchase comprehensive car insurance or Third party, Fire and Theft insurance. -
You will need to add content insurance to your policy, which is something the bank often neglects to ensure.
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