House Insurance Tips for Property Owners in Greece
Whether you’ve bought a holiday home or relocated permanently, home insurance is essential protection for your Greek property. Here’s what you need to know.
What Does Home Insurance Cover?
Greek home insurance policies typically cover:
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Building damage - Fire, storm, flood, earthquake
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Contents - Furniture, appliances, personal belongings
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Third party liability - If someone is injured on your property
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Theft - Burglary and theft of contents
Key Tips
1. Earthquake Coverage
Greece is in an earthquake zone. Make sure earthquake damage is included in your policy - it’s not always automatic and may be an add-on.
2. Accurate Valuation
Ensure your building and contents are insured for the correct value. Underinsurance means you may not receive the full amount needed to repair or replace. Over-insurance means you’re paying more premium than necessary.
3. Unoccupied Property
If your property is empty for extended periods (common for holiday homes), check your policy terms. Many policies have restrictions on coverage for unoccupied properties, sometimes as short as 30 days.
4. Security Requirements
Some policies require minimum security measures (certain types of locks, alarm systems) to be in place. Make sure you meet these requirements, or claims could be denied.
5. Contents Away from Home
Some policies cover contents even when temporarily away from the property. This can be useful for valuable items you take with you.
Mortgage Requirements
If you have a mortgage on your Greek property, your lender will typically require you to have buildings insurance at minimum. The policy may need to note the lender’s interest.
Need Help?
We can help you find the right home insurance for your Greek property, whether it’s your primary residence or a holiday home. Get a quote or contact us to discuss your needs.