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Complex Insurance

Protect your residential building and common areas with comprehensive Residential Block Insurance from Lumen Insurance. Designed for apartment blocks and residential developments in Cyprus, this cover helps protect the building against a wide range of unexpected events and property risks.

Cover can include protection against fire, theft, water damage, storms, floods, earthquakes and other insured risks. Machinery breakdown in common areas and liability cover can also be included, helping to provide broader protection for the building and its residents.

Automatic extensions can provide additional protection for glass and sanitary fixtures, underground services, alternative accommodation, professional fees, leak tracing, locks and keys, and fire extinguishing costs.

With flexible cover designed for the specific needs of residential buildings, Lumen Insurance helps property owners and residents protect their building, common areas and shared facilities with greater confidence.

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Complex Insurance Cover and Standard Benefits

1. Building and common areas against accidental loss or damage including loss or damage caused by:

  • Fire, explosion and smoke
  • Theft or attempted theft
  • Leakage of water or oil
  • Civil Commotion and malicious damage
  • Impact by any vehicle or animal
  • Storm or flood
  • Lightning, thunderbolt or earthquake
  • Falling trees
  • Aircraft and other aerial devices or articles dropped from them
  • Breakage or collapse of television and radio aerials

2. Breakdown of Machinery in the Common Areas.

3. Liability as the owner or occupier of the buildings

4. Liability towards employees

Automatic Extensions

Lumen offers automatic extensions for buildings and common area contents as detailed below:

  • Accidental breakage of glass and sanitary fixtures
  • Accidental breakage of underground service pipes and cables
  • Insurance for Alternative accommodation and/or loss of rent and/or loss of maintenance fees
  • Cover for when you are selling your apartment
  • Cover for Professional fees and other costs
  • Cover for the reasonable and necessary cost in tracing and sourcing a leak
  • Cover for loss of metered water and heating oil
  • Cover for locks and keys
  • Cover for contents in the common areas in the open
  • Cover for mirrors and glass in the common areas
  • Cover for fire extinguishing costs