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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FAQ

01

When should I take out Medical Insurance for foreigners in Bulgaria?

When entering or transiting through the territory of the Republic of Bulgaria, it is necessary to have Medical Insurance for foreigners.
02

What should I do if I need urgent medical care and/or emergency treatment outside of working hours?

During non-working hours, you can visit a chosen by you medical facility for urgent or emergency medical care. Please, gather all medical and financial documents for the health care goods and services used. Expenses shall be reimbursed under the terms of your Insurance.
03

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.
04

When and how will the Insurer pay me?

Within 15 days after receiving all the evidence, the Insurer must either pay or refuse, stating the reason for the refusal. This term applies to all insurances offered.
05

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.
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