Property insurance provides financial protection for your property, related buildings as well as movable property such as household goods, goods in stock, machinery and equipment. The property can be insured either on the owner's initiative, in order to protect the property against various risks, as well as compulsorily in the event of taking out a loan and pledging the property to the Bank. Based on the provisions of Article 729 of the Civil Code (republished in the Official Monitor no.66-75 of 01.03.2019), the Mortgagor is bound to insure the object of the mortgage, for the benefit of the Mortgagee, against all risks of fortuitous decay or deterioration.
In order to conclude an insurance policy, it is necessary to submit a list of the objects subject to insurance and your identification data.
The insurance company will use all these documents to determine the amount of the insurance. In addition to the dwelling itself, all goods in the dwelling may be insured.
In the event of destruction, disappearance or damage of the property/properties, the client (insured) shall apply with an application to the insurance company with which the insurance contract has been concluded, but no later than 3 days (72 hours) from the date of the occurrence of the insured event, in order to carry out an expert assessment procedure on behalf of the Insurer and evaluate the damage.