Cyprus Property Forum for Buyers, Sellers & Investors

Hello Nigel,
Do you know an insurance company that will insure a complex and also the committee members. We have received two quote but either cover the committee members.
Thank you. Marianne

Hello Marianne

I suggest you contact Andrew Stott at 3D Global - you'll find his details at http://www.3dglobal.com/about/team/andrew-stott

(You'll find an article regarding insurance that Andrew sent me at http://www.news.cyprus-property-buyers. ... /id=003525 )

Regards,

Thank you Nigel for the information.

You're welcome Marianne.

Please keep me posted on progress.

Regards,

Hello Nigel,
Have spoken to Andrew regarding complex insurance, however, due to the cost we are unable to get the owners to agree.
I can understand what Andrew is saying that all the flats should be insured together with the building.
It's the usual thing people want it but don't want to pay for it.

Hello Marianne

Yes - that's correct. The whole complex including the common parts of the building, individual dwellings and liability has to be insured through the same company (see http://cdn.cyprus-property-buyers.com/w ... cyprus.pdf ).

I don't know what to suggest if people are unwilling to pay - but I believe the law regarding Joint Ownership is being looked into and we may have a new law (don't know when) compelling people to pay.

Regards,