Do I Really Need Home Insurance?

Publication in L'Europeo Magazine N.83 The Eternals and the Holy | March / April 2023

Home insurance is not required by law, but it's quite essential for homeowners.

Whether you need home insurance is something like asking if you need sunscreen. In general, home insurance is not required by law. But just like using sunscreen, it can help you avoid many problems in the long run.

If you are thinking about buying a house or apartment or you already own, home insurance is definitely a necessity that will ensure your peace and security in case of unforeseen events.

You can read in Bulgarian language the full text of the interview here

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What to do if an Insured event occurs?

You need to notify us and file a claim. The deadlines for reporting and the method of filing are described in the insurance contract. In any case, we recommend that you call us as soon as possible after the incident.

What are the Home Insurance Property Coverages?

A standard policy usually provides coverage against major risks as fire, natural disasters, floods, storms, hail. Additionally, upon your request, coverage against risks such as earthquake, theft, malicious acts of third parties and etc. may be included.

I shall be traveling abroad for planned medical treatment. Will Travel Insurance policy cover my medical expenses?

This is one of the exclusions under Travel Insurance and these medical expenses will not be covered. The insurance does not cover medical expenses incurred for the purpose of planned treatment, as well as does not include the treatment expenses for any pre-existing condition or illness.

What type of buildings can be insured under Home Property Insurance?

Apartments, houses, other buildings and structures of a special type such as garages, barns, fences, etc. may be insured.

How do I get a quote on a product or service for business customers?

For a quote and offer related to our products for business customers, please email us at or contact us on 0700 400 99.