About the mandatorry home insurance
The insurance against natural disaster is mandatory, but what matters is which insurance company you choose. You do not need a mere insurance policy, you also need a guarantee that you are safe and that you will be timely indemnified, without any issues.
We take things seriously, even more so when your house is involved. That is why we participated at the establishment of the Natural Disaster Insurance Pool and we became, as a result of our commitment, shareholders of “PAID”.
 Law No. 260/2008, WITH ITS SUBSEQUENT MODIFICATIONS AND ADDITIONS.
Depending on the type and the materials used to erect it, we offer two types of coverage:
Type A COVERAGE
It is designed for buildings with areinforced steel, metal or wood structure, with exterior walls made of stone, burnt clay bricks or any other materials chemically and/or heat processed.
The sum insured for type A houses represents the equivalent in LEI of 20.000 EUROS, according to the exchange rate established by the National Bank of Romania at the date the mandatory insurance contract is issued.
Type B COVERAGE
It is designed for buildings with exterior walls made of loam brick or any other materials that have not been chemically and/or heat processed.
The sum insured for type B houses represents the equivalent in LEI of 10.000 EUROS, according to the exchange rate established by the National Bank of Romania at the date the mandatory insurance contract is issued.
What risks are covered?
The mandatory policy covers three major risks in Romania: earthquake, flood and landslide.
What is the price of the insurance policy?
The insurance premium is paid before the entry into force of the PAID policy, in the amount of:
- 20 EUROS for type A houses;
- 10 EUROS for type B houses.
What is the validity period?
The validity period of the mandatory insurance policy is of 12 months.