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A. HOME PROPOSAL FORM (new packages)
B. HOUSE INSURANCE
C. BUSINESS INSURANCE

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A. HOME PROPOSAL FORM (pdf file)

B. HOUSE INSURANCE
Insuring the house and its contents

Facts to know
Insurance for houses and their contents
Comprehensive cover for private houses


Facts to know

What is house insurance? Insurance for houses, apartments and their contents.

Prospective clients: Owners or tenants of houses or apartments. Insurance cover is offered for the buildings and contents

How to act: You may send us your request by e-mail at info@progressiveic.com and we shall be pleased to respond to you as soon as possible. Alternatively, you may send us your request and demand for information by completing the Inquiry Form . You may also call us at  + 357 22 75 85 85 or send us a fax at  + 357 22 75 47 47 and it will be our pleasure to assist you. You can as well make your request to your "PROGRESSIVE" agent/broker.
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Insurance for houses and their contents

Important notice: Your house or your apartment and their contents are probably the most important part of your property. However there are potential risks threatening them. The same risks exist even in the case that you are planning to build your own house.

It is wise and prudent to insure with Progressive Insurance your house with its installations, equipment, your household and personal belongings.

The standard fire insurance contract covers loss or damage to your property including installations, equipment and other household objects in case of:

  • Fire
  • Lightning
  • Loss or damage by explosion of gas used for illuminating or domestic purposes

With additional premium you may extend the insurance cover, so that provisions are made in case of:

  • Explosion
  • Burst of pipes
  • Earthquake
  • Aircraft damage
  • Flood
  • Impact (third party impact by motor vehicle)
  • Storm, tempest
  • Burglary (by actual forcible and violent entry in the house)

Additionally do not forget to insure external extensions of your house.

Please note that it is important that you insure your house at its real full value. Taking into consideration the inflation, VAT and increase of construction costs, you may suddenly discover that you are underinsured, which means that you have insured your house at a lower level than its real full value.

In case of damage, the real value of a building and/or its contents is proved to be higher than that insured, then the insured is deemed to be co-insurer, which means that he/she will be called to pay part of the damage.

Comprehensive cover for private houses

It is reasonable to include the house and its contents in the same insurance contract. In this way, in case of damage, the claim procedures will be done with a single insurer and not with two.

It is for this reason that we advise the full comprehensive insurance for private houses, which offers you the complete protection that you need in a very competitive price.

Having this type of package insurance, you have the advantage to enjoy protection from numerous perils, such as the following:

  • Fire
  • Lightning
  • Loss or damage by explosion of gas used for illuminating or domestic purposes
  • Aircraft damage
  • Bursting of pipes, water tanks or other water apparatus or overflowing of water tanks or other apparatus
  • Burglary (by actual forcible and violent entry in the house)
  • Earthquake or volcanic eruption
  • Third party public liability (up to 10,000 Cyprus pounds)
  • Death of the insured person due to accident or theft in the house
  • Loss of rent
  • Additional expenses for temporary accommodation as a result of damages

Actions to take

We advise you to insure your house with the comprehensive cover for private houses so that you can enjoy the full cover that you need.

If what you need is only basic cover against fire, then declare this on your proposal or to your insurer.

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C. BUSINESS INSURANCE

Fire insurance for business and its contents

1.Facts to know
2.Fire insurance for business and its contents

1. Facts to know

What is business fire insurance? Insurance for buildings used for offices, shops, factories, and/or their contents.

Prospective clients: For owners or tenants of offices/shops/factories. Insurance cover is offered for the buildings and contents.

How to act: You may send us your request by e-mail at info@progressiveic.com and we shall be pleased to respond to you as soon as possible. Alternatively, you may send us your request and demand for information by completing the Inquiry Form . You may also call us at  + 357 22 75 85 85 or send us a fax at  + 357 22 75 47 47 and it will be our pleasure to assist you. You can as well make your request to your "PROGRESSIVE" agent/broker.

2. Fire insurance for business and its contents

Important notice: Your office/shop/factory and their contents are probably the most important part of your property. However there are potential risks threatening them. The same risks exist even in the case that you are planning to build your own commercial property building.

It is wise and prudent to insure with Progressive Insurance your business with its installations and equipment.

The standard fire insurance contract covers loss or damage to your property including installations, equipment and other objects in case of:

  • Fire
  • Lightning
  • Loss or damage by explosion of gas used for illuminating or domestic purposes

With additional premium you may extend the insurance cover, so that provisions are made in case of:

  • Explosion
  • Burst of pipes
  • Earthquake
  • Aircraft damage
  • Flood
  • Impact (third party impact by motor vehicle)
  • Storm/tempest
  • Burglary (by actual forcible and violent entry in the building)
  • Loss of profits/business interruption (where applicable)
  • Loss of rent (where applicable)

Additionally do not forget to insure external extensions of your building.

Please note that it is important that you insure your business at its real full value. Taking into consideration the inflation, VAT and increase of construction costs, you may suddenly discover that you are underinsured, which means that you have insured your business and belongings, at a lower level than its real full value.

In case of damage, the real value of a building and/or its contents is proved to be higher than that insured, then the insured is deemed to be co-insurer, which means that he/she will be called to pay part of the damage.



Disclaimer

1. The information contained here is intended to provide only a general description of the insurance and is not intended to describe in detail.

2. PROGRESSIVE recommends that a potential purchaser thoroughly examine any policy or contract offered and consult with an appropriate expert to be certain of the precise nature of its details.

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