Insurance Companies Begin Compensation Payments for Fire Damage in Limassol
August 21, 2025
Insurance companies have begun paying compensation to property owners affected by the fire in Limassol. Although only two companies have announced damage assessments, reports indicate that all have already made payments. The total cost for insurers is expected to reach 20 million euros. The companies have the liquidity to cover the claims and continue their operations. The damage assessment process is ongoing for some properties.