Home & Property
Let Property
Let property insurance is for owners who lease their property to third parties.
What is it?
This is insurance tailored to the needs of a property owner who does not reside in the premises. Beyond building protection, it can include the owner's liability towards tenants or third parties, and protection against loss of rental income if the property becomes uninhabitable following damage.
Who is it for?
It is relevant to individuals with one or more apartments or houses for rent, as well as property managers acting on behalf of owners.
Legal position
Is it compulsory in Cyprus?
Depends on profession / activity
Legal or professional requirements may apply depending on the activity and the type of tenancy. Vesta can help clarify what applies to your circumstances, including requirements from lenders or managers.
General information only. Requirements can change and depend on your activity — Vesta can help clarify what applies to your circumstances.
When might you need it?
You acquire a property for the purpose of investment and letting.
Your property remains vacant for a long period between tenancies.
The way the property is used changes, for example to short-term letting.
It is required by the loan agreement or the property management contract.
These are illustrative circumstances, not a description of policy terms, conditions or exclusions.
Why review this cover?
Letting a property involves different risks than owner-occupation. A conversation helps ensure that the use of the property is correctly declared to the insurer and that the covers reflect current market values and your legal obligations as a landlord.
The Vesta approach
Understand first, then solutions.
At Vesta we approach property insurance as part of your broader financial management. We first understand your obligations to third parties and banks, and then discuss solutions that protect both the property value and your income stream.
Next step
Let's look at your circumstances.
Tell us how things work in practice and we will explain what is worth reviewing before any solution is discussed.
Prefer to speak with us?
If you would rather talk it through, tell us a little about your business and we will come back to you. No lengthy forms at this stage.