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

Contact us

FAQ

01

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.
02

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.
03

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.
04

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.
05

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.