At R&H Haralambous Insurance, we offer a range of comprehensive property insurance solutions designed to protect private residences, jointly owned buildings, and income-generating properties.

Whether the property is used as a permanent home, a holiday residence, part of a jointly owned building, or an investment rented to third parties, our Property Package All Risk solutions provide protection against a wide range of risks, ensuring restoration of the property, continuity of income where applicable, and coverage of legal liability.

Home Package All Risk

For owners or tenants of houses and apartments, for permanent or holiday use, offering all-risks protection for:

• Building
• Contents
• Personal belongings (inside and outside the home)

Property Owner Package All Risk

For individuals or businesses investing in real estate for rental income, combining:

• Building insurance
• Loss of rent following insured damage
• Legal liability towards tenants and third parties

FREQUENTLY ASKED QUESTIONS

Who needs property insurance?

Property insurance is suitable for homeowners, tenants, management committees of jointly owned buildings, and property owners who rent their property to third parties. Each solution is adapted to the specific use and legal obligations of the property.

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Is property insurance mandatory?

In Cyprus, insurance of jointly owned buildings against certain risks is mandatory under the law. In addition, banks may require insurance as a condition for financing. Property owners are free to choose the insurance provider that best meets their needs.

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What should I do in case of damage to my property?

You should contact the insurance company immediately.

• In case of fire, notify the Fire Department.
• In case of theft or malicious damage, notify the Police.
  Do not proceed with permanent repairs or dispose of damaged items before inspection. Temporary measures to prevent further damage are allowed—keep all receipts.

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Can tenants insure a property?

Tenants can insure the contents of the home, personal belongings, and any improvements they have made to the property. The building itself must be insured by the owner or management committee, depending on the case.

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How is the value of a property calculated for insurance purposes?

Insurance is based on the replacement value of the building, excluding land value. Construction costs, additional structures, and installations are taken into account and should be reviewed regularly to ensure adequate coverage.

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What changes should I inform the insurer about?

You should notify the insurer of any changes that may affect risk, such as:

• Change of ownership or use
• Renovations or extensions
• Increase or decrease in contents
• Change in occupancy