Home Insurance Overview

The average cost of annual house insurance is dependent upon a percentage of the property value and generally includes liability insurance.  Shop around for an insurance rate to suit your needs.

When purchasing a home with a mortgage, the bank will require you to have home insurance to cover and damages while paying off the mortgage.

Home insurance coverage protects you against loss from fire, smoke, storms, vandalism, theft, and other hazards. Most home insurance plans also include contents insurance.

Keep in mind that when purchasing or renewing an existing policy on your home,  The Cayman Islands Government charges a flat rate of CI$12 Stamp Duty on all insurance policies, plus an additional Stamp Duty fee of 2% of the premium for policies covering immovable property. This means that the premium for the house is/was CI$5,000, you would pay Stamp Duty of CI$112 (2% of CI$5k plus CI$12). The fee is due in full at policy inception and does not go to the insurance companies.

For more information, visit the Insurance and Home Insurance pages.

The insurance providers below are highly recommended:

British Caymanian Insurance (BritCay)

A member of Colonial Group International, BritCay Insurance offers customised business and personal insurance coverage and pension services.

Tel: +1 345 949 8699 Email: [email protected] cayman.cgigroup.com/

Cayman First Insurance Company Ltd.

Insurance company based in the Cayman Islands providing home, motor, marine and health insurance.

Tel: +1 345 949 7028 Email: [email protected] www.caymanfirst.com

Island Heritage Insurance Company Ltd

Insurance providers for Home, Motor, Commercial Property, Liability, Contract Works and Pensions throughout the Caribbean.

Tel: +1 345 949 7280 Email: [email protected] www.islandheritageinsurance.com

Caribbean Alliance Insurance

They offer insurance for the following products: Home, Motor, Liability, Business, Travel and Marine.

Tel: +1 345 949 9744 Email: [email protected] www.caribbeanalliance.com/