Home Scam/Fraud Is insurance a scam? | Cyprus Mail

Is insurance a scam? | Cyprus Mail


Notwithstanding that we’ve been involved in the real estate business for the last 42 years, we are still learning from our mistakes and ommissions, as well as from the various tricks that the insurance companies come up with.

We  report in this article a small number of real examples we have experienced, so that you might consider your own situation, and not meet with surprises in future.

  • Due to rain, water came into an apartment and the wooden parquet was damaged and needed to be replaced. The building and its contents were correctly insured (over-insured we say), but despite the €1.000 damage the insurance company deducted the…

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