Save up to €500 per year with home insurance  that covers  natural disasters.

If you are a homeowner in Cyprus, you now have one more reason to protect your property.
With the new legislation effective January 1, 2026, you can benefit from a tax deduction of up to €500 per year for your home insurance premiums.

What does this mean for you?

▪️You are entitled to a tax deduction of up to €500 from your taxable income.

▪️It applies to residences used as a:

▪️Main residence

▪️Vacation home

▪️Property rented to third parties

▪️The maximum deductible amount is €500 per taxpayer, regardless of the number of properties you own.

What coverage is included?

The tax deduction applies to insurance against natural disasters such as:

▪️ Fire
▪️ Earthquake
▪️ Flood

If your policy includes additional covers (e.g., theft or damage to contents), these do not affect the tax deduction.

Indicative examples of the tax deduction
The amounts below represent deductions from taxable income according to the legislation, not final tax savings.

Protect your home today and benefit even more.

👉 Get a quote and purchase home insurance here.

Important information:

This material is for informational purposes only and does not constitute tax advice.
The tax deduction is claimed according to the provisions of Law N. 244(I)/2025.