Home Insurance Overview

In this section we explain the various home insurance options available when a purchasing home. Not many people know that you must have Life Insurance before purchasing a home in the Cayman Islands, so that, plus home insurance (and hurricane insurance) are things that can affect your finances when purchasing a home.

Life Insurance for Home Ownership

Numerous providers offer life insurance in Cayman. With life insurance, as with any product of this nature, it is definitely worth your while to shop around and check quotes, coverage terms, reputation and customer service strengths of several providers.

Contents Insurance

Budget for about CI$500 per CI$35,000 of coverage. If you are renting a property, your landlord may have insurance to cover the contents provided in your unit, but anything belonging to you needs to be covered by your own policy.

House Insurance

The average cost of annual house insurance is based upon a percentage of the property value and generally, includes liability insurance.

Since insurance coverage and rates vary between companies, shop around for a rate to suit your needs. Click here for more information and a list of Property Insurance Providers.