Optional Insurance

Voluntary household and property insurance are product-specific profile companies which can provide apartments, houses or other buildings against the production of certain risks set forth in the insurance contract.

Besides the mandatory housing policy of PAD, natural or legal persons may conclude a voluntary housing policy and property. Ideal form of protection implies the existence of a policy so required, of the voluntary and ended in the same house which leads on the one hand the complete protection of the house and property that are in it both in terms of insured risks as and the sum insured.

Risks covered by the policy are provided in the optional insurance contract and differs very little from company to company. In principle, the insured risks in voluntary household insurance are known as Flex, namely: fire, lightning, explosion, collapse of buildings on the property insured. Depending on the particular type of insurance you can add other types of risks such as:

- Storm, hurricane, storm, tornado

- Rain - direct effects, including those caused by water entering through cracks and ruptures caused by atmospheric phenomena manifested along with rain

- Theft by burglary and / or robbery of the construction elements of the composition of the building and property

- Vandalism, terrorism

- The weight of snow, avalanche

-Hitting from the outside by vehicles other than those belonging to the insured

- Shock wave caused by aircraft (sonic boom)

- Earthquake

- Wild animals attack

- Thermal power failures

- Damage due to overflowing sewers or water pipes and sewer damage

We recommend customers to check the end of the policy are exclusions, ie those risks which are not covered by the insurance company. A basic principle of this policy is that uncovered those damages as a result of random events. If the event is dependent on the insured or beneficiary will be risking the loss of all rights under the contract.

The client will propose insurance company insured amount, but it is recommended that the final decision is taken according to the advice and insurance broker so that in case of possible damage to the affected property can be replaced by reconstruction, for houses built on land, or to be purchased a property similar to the destroyed apartment block in the case.

Home insurance in Romania is one that is based on the principle of real value. This means that if the insured property is supraasigurat (sum insured is greater than the value of an evaluation report prepared by an authorized person), the compensation will be as real value, ie that of the evaluation report. If the building is subasigurat, you will be compensated in direct proportion to the premium paid. This principle applies both to total damage, and the partial. (Example: an apartment worth 100,000 euros, and the insured amount is 50,000 euros. If after a fire destroyed the wall was full, you will receive half the amount needed rebuilding.)