Overview of motor and private health insurance requirements in Cyprus

In Cyprus, vehicle insurance is mandatory for all car owners. Policies are divided into third-party liability, similar to OSAGO, and fully comprehensive coverage, similar to CASCO. Premiums are determined by driving experience on the island, accident history over the past five years, and the cost of potential damages. Comprehensive policies often include a deductible ranging from 200 to 300 euros. Private health insurance in Cyprus covers medical expenses globally, with annual coverage limits typically between 250,000 and 2,000,000 euros. Pre-existing medical conditions are generally excluded from coverage. Furthermore, policies often implement a six-month waiting period for specific conditions, including spinal issues, herniated discs, meniscus injuries, and gynecological treatments. For inpatient care, insurance companies usually pay the clinics directly.