The importance of property
Your property represents one of the most important investments you will make in your lifetime. Houses, apartments, villas, and the assets within them are exposed to a range of risks, and their unexpected damage or destruction can result in significant financial losses.
Property Insurance is a voluntary insurance product designed to provide financial protection against such unforeseen events, helping you restore your property to its previous condition following a loss covered by the policy.
This product is suitable for anyone wishing to protect their primary residence, holiday home, or other residential properties against material damage or destruction.
By purchasing this insurance policy, you gain financial security and peace of mind, knowing that your property is protected in the event of damage or destruction caused by various natural or accidental risks.
Coverage can be tailored to the characteristics of the property and the client’s specific needs, covering the building, fixed installations, furnishings, and household appliances, in accordance with the terms of the policy.
The Property Insurance Policy provides compensation for material damage to the insured property resulting from:
Yes. Property insurance may cover both the building and its household contents, including furniture and household appliances.
As a rule, the basic property insurance coverage includes fire and earthquake risks. Depending on the customer’s requirements and the property’s specific characteristics—such as its location, construction features, and intended use—additional risks to which the property is exposed may also be covered upon payment of the applicable insurance premium.
The Property Insurance Policy has a minimum term of one year. We recommend renewing the policy annually, as conditions may change in line with the market.
Upon expiry, the policy must be renewed. Its terms should be reviewed and any necessary changes made.
