A Guide to Insurance for New Homeowners in Cyprus

Buying a home in Cyprus is often the result of a long plan.
The climate, the lifestyle, the scenery and the pace of life all play a role in the decision.

Once the purchase is complete, however, one question is frequently postponed:

“I will think about insurance later.”

In Cyprus, home insurance is not a secondary detail.
It is the final step that completes home ownership.

Why Home Insurance Matters More Than You Think in Cyprus

Homes in Cyprus differ widely in:

• Location

• Construction style

• Usage patterns

• Length of time they remain occupied

Many properties are:

• Used seasonally

• Left unoccupied for long periods

• Located in coastal or hillside areas

These factors make insurance in Cyprus very different from standard home insurance elsewhere.

Home insurance here is not just about the building.
It is about how the home is actually lived in.

The Most Common Mistake New Homeowners Make

The most frequent assumption is:

“The house is new, nothing will happen.”

In reality, many claims in Cyprus come from new or recently built properties.

Typical causes include:

• Water leaks from upper floors

• Plumbing or installation faults

• Hidden construction issues

• Damage originating from neighboring properties

A new home does not mean a risk-free home.

What Should Home Insurance Cover in Cyprus?

There is no single checklist that fits every property.

Insurance should be evaluated based on:

• The region where the home is located

• Whether it is an apartment or a detached house

• How often the property is occupied

• Whether it remains empty for long periods

Insurance must reflect real usage, not assumptions.

Apartment Owners: Shared Risks Matter

Apartment owners in Cyprus face specific challenges.

Common issues include:

• Water damage from neighboring units

• Problems caused by shared plumbing systems

• Electrical and infrastructure failures

In apartment living, risk does not stop at your front door.
Your insurance must consider damage caused by others, not just your own actions.

Detached Homes: Different Responsibilities

Detached houses come with a different risk profile.

• All maintenance responsibility belongs to the owner

• The property is more exposed to environmental factors

• External damage risks are higher

Insurance for detached homes must be assessed based on:

• Building characteristics

• Surrounding environment

• Access and location

Two homes of the same size can have completely different insurance needs depending on where they are located.

Coastal Properties: Quiet but Persistent Risks

Coastal homes are highly attractive, but they come with specific long-term risks:

• High humidity

• Salt air affecting structures and installations

• Gradual wear rather than sudden damage

These risks develop slowly and are often unnoticed until damage becomes significant.

Insurance in coastal areas must consider long-term exposure, not only sudden incidents.

What If the Home Is Left Empty?

Many homes in Cyprus are:

• Used as holiday properties

• Occupied only part of the year

When a home is empty:

• Small issues can go unnoticed

• Water leaks can grow into major damage

• Delayed detection increases repair costs

Insurance must be structured with this reality in mind.

When Should Insurance Be Arranged?

The ideal time is:

After title transfer and before moving in.

This allows:

• Risks to be assessed before the home is fully furnished

• Coverage to be structured correctly from day one

• Avoiding later corrections or exclusions

Insurance is not an afterthought.
It is part of completing the purchase.

Price vs Coverage: The Real Question

New homeowners often focus on cost:

“I want it to be affordable, but sufficient.”

The more important question is:

“Will this policy actually work if something happens?”

An inexpensive policy that does not respond properly is costly in the long run.

Why Local Knowledge Is Essential

Insurance in Cyprus cannot be set up purely from templates.

The same type of home:

• Can face different risks in different regions

• Can behave differently depending on usage

Local experience makes the difference between a policy that exists on paper and one that works in practice.

What Does Insuring Your Home With Can Sigorta Mean?

Can Sigorta approaches home insurance by evaluating:

• Location

• Usage

• Building structure

For new homeowners, this means:

• The property is assessed in its real context

• How the home will be used is taken into account

• Coverage is structured accordingly

Insurance is not treated as a standard product, but as a tailored system.

Conclusion: Completing the Home, Not Just Buying It

Buying a home in Cyprus is a major step.
But owning it responsibly means protecting it properly.

The right insurance:

• Protects the property

• Reduces stress

• Makes unexpected situations manageable

For new homeowners, insurance is not a cost.
It is a layer of security.

When structured correctly from the beginning,
it makes everything that follows easier.