House Insurance doubled on 2024

[laptawrinkly]

Out agent informed me yesterday our house insurance was due. Last year we paid £300, this year it has doubled to £600

Apparently all due to the 'Government' and 'earthquake' cover - we already had that! We are insured with KIBRIS sigorta. TC friend said his insurance went up x 3 last year (Şeker sigorta) and he doesn't bother now- however unwise me thinks. Most TCs I know don't bother with house insurance.

Anyone else had similar rises in house insurance? I can only wonder if these rises are to cover those uninsured, bit like car insurance and a % put in a pot for claims against uninsured drivers. All sounds a bit like a scam to me

[wanderer]

One thing is that your house wont drive into another house

[snd1966]

I don't think it's a scam, I think the severe earthquake in Turkey highlighted the problem if the same happened here. You can always remove the cover of earthquake which several of my customers have done.

[gates]

I think if you start removing bits of cover then that’s the one that hits you. If you do that take the chance.Remove the lot

[laptawrinkly]

Agree, certainly wouldn't remove the earthquake cover, not here where we are located! Shake rattle and roll sure to follow if you do!

[frugal90]

One thing is that your house wont drive into another house

unless you are in an apartment block! i believe some sites have block cover, do they all??

[Turkishcypriot]

Yep, same here, mine jumped by nearly 80%.

[MVP]

Cyprus isn't on a fault line, look and all the knackered old houses that have been standing for over 100 years

[Groucho]

One thing is that your house wont drive into another house

Earthquake not withstanding...

[MnM]

One thing is that your house wont drive into another house

unless you are in an apartment block! i believe some sites have block cover, do they all??

Sea Terra sites all have Block Cover, which last year was I think about £40 a year per property.

[frugal90]

not all seaterra sites

to me this is the most important cover

[gates]

II would think this if you are going to insurance is a must. I claimed the other year for it. I have also done a lot of insurance related repairs for insurance company for Trevor. So it does happen here

[MnM]

not all seaterra sites

to me this is the most important cover

Actually thank you yes, probably as the management company changed last year. ST Reserve does though, or did.