Insurance is a type of contract and albeit is subject to the same principles of contract law it attracts a unique set of principles of interpretation and is subject to a regulatory regime. An insurance policy is, in essence, a promise by the insurer to indemnify the insured against specific types of loss, damage or liability.
Insurance policies can be divided into two categories:
- First party insurance that cover property or a life in which the insured has an interest and
- Third party insurance that cover against the risk of the insured incurring liability for losses suffered by a third party e.g. third party motor insurance.
In case you are making a claim to an insurance company – whether you are a first or third party to the insurance – our firm will achieve the best settlement for you. In cooperation with one of the leading professionals specializing in insurance law and with more than 20 years of experience in the Cyprus insurance industry, you are in good hands.