IS THE PROPERTY PURCHASED FROM CYBARCO INSURED?
Cybarco insures each property against fire, theft, public liability for common areas and special perils (earthquake, flood, escape of water, etc), until the title deeds are issued and the property transferred to the purchaser. The purchaser is responsible for the insurance of any objects (contents) within the property. Once the title deeds are issued, Cybarco can introduce the owners to the relevant insurance. Premiums are based on the value of the property. The cost for insuring a villa at Akamas Bay Villas is estimated at 0,14% per annum (so the cost for insuring a villa of €1,750,000 will be around €2,450 per annum).
Related Questions
- How much prior notice does a company have to give to the agent and insured when non-renewing a property and casualty insurance policy?
- If a property insured through the Ohio FAIR Plan is re-financed, can I issue an amended declaration reflecting the new mortgagee?
- Is property manager an additional insured?
