Cyprus law obliges you to take out fire and earthquake insurance on your property, even if it is an apartment within a large block.

You will also need, of course, to take out full home and contents insurance on your property, once you have taken delivery of it.

There are many, many schemes available.

If you are planning to rent out your property, ensure that the insurers are aware of this, so that public liability is covered.

As a guideline, you should anticipate paying between CYP 1.00 and CYP 2.00 per thousand pounds insured.

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