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Peace of Mind in Cyprus Starts with Aveon

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Insurance in North Cyprus

Insurance in North Cyprus: What to Arrange, and Why

In North Cyprus insurance is both a legal requirement and the most practical protection against the risks everyday life throws at you. What a car owner needs is not what a homeowner, a shopkeeper or a corporate business needs. Below we have summarised the questions we are asked most often about insurance in North Cyprus, so that deciding is easier.

Which insurances are compulsory in North Cyprus?

Compulsory motor third party liability — traffic insurance — is required by law for every motor vehicle used on TRNC roads, and it is checked when the vehicle is registered and at every annual renewal. Traffic insurance only covers the material and bodily damage you cause to others; for damage to your own vehicle you need motor own damage (kasko) cover. Beyond that, professional liability insurance is required in certain professions, and home insurance is often a condition set by the lender on mortgaged properties.

Not compulsory, but not worth skipping

The losses we see most often in Cyprus are flooding, fire, theft and storm damage. Home insurance protects your building and its contents, while workplace insurance covers your premises and your stock against the same risks. Travel health insurance covers you on trips abroad, and personal accident insurance applies around the clock, anywhere in the world. None of these are compulsory, yet the cost of a single loss usually far exceeds the annual premium.

How do you arrange an insurance policy in North Cyprus?

You can issue your compulsory traffic insurance yourself in minutes through our online system using your registration details, and receive the policy by email straight away. Products such as motor own damage, home, health and workplace insurance need a risk assessment, so you simply complete the quick application form and our specialists come back with a tailored quote. If you would rather talk in person, visit our head office in Nicosia or our branches in Kyrenia and Famagusta.

What should you do when a loss happens?

Make sure you are safe first, then document the event: take photographs, have an accident report drawn up for road accidents, and obtain a police report in case of theft. Notify us as soon as you can, because most policies set a 48-hour reporting window. With Aveon Insurance you can report a claim online or call our 24/7 incident line, and we follow your file through on your behalf.

Why are personal and corporate needs assessed separately?

For personal clients the priority is usually vehicle, home and health cover. On the corporate side the risks that matter are specific to the business: premises, cargo, machinery breakdown, professional liability and cyber security. A restaurant, a construction firm and an accountancy practice carry entirely different risk profiles, which is why a policy should be built around the real exposures of your business rather than picked off a shelf.

Why Aveon Insurance?

Aveon Insurance brings 17 different insurance products together under one roof for personal and corporate clients across North Cyprus. We recommend the policy that fits your situation rather than the cheapest one on the list, we explain the cover and the exclusions plainly, and we do not sell you extensions you will never use. From issuing the policy to settling a claim, you deal with the same team throughout.

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FAQ

Frequently Asked Questions

Is traffic insurance compulsory in North Cyprus?

Yes. Compulsory motor third party liability (traffic) insurance is required by law for every motor vehicle used on TRNC roads. Driving uninsured carries penalties, and in an accident you would have to pay the other party's losses out of your own pocket.

Can I buy my policy online?

Compulsory traffic insurance can be completed online from start to finish, with the policy emailed to you instantly. Products such as motor own damage, home, health and workplace insurance need a risk assessment, so you fill in the quick application form and we come back to you with a quote.

What determines the premium?

The premium is calculated from the value of what is insured, the level of risk, the cover limits you select and your claims-free history. For vehicle policies the age and engine size matter most; for home insurance it is the age and location of the building.

Can I cancel my policy before it expires?

Yes. Where the insurable interest ends — for example when you sell the vehicle — the policy is cancelled and the premium for the unused period is refunded. Just send your request to your agency together with the relevant document.

How can I reach Aveon Insurance?

Visit our head office in Nicosia or our branches in Kyrenia and Famagusta, call us on +90 392 228 71 60, or fill in the quick application form on this site. Our 24/7 incident line for claims is +90 542 869 90 00.

How will I know when my policy is due for renewal?

We contact you by phone or email as your expiry date approaches. For compulsory products such as traffic insurance it matters that the renewal is completed before the expiry date so your cover never lapses — and you can also handle the renewal yourself through our online system.

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