Economic Policy

If you are insuring your home for the first time and are not sure which cover to buy, start with this policy.

If you live in a building, it provides you with reliable protection against common household insurance risks.

If you live in a house, this is a more economical solution with excellent coverage, giving you confidence in your wise choice.

This insurance package can protect unoccupied apartments and cottages.

The policy offers options for additional risks, as well:

• Flood, torrent and high waters
• Subsidence
• Snow avalanche
• Earthquake
• Glass Breakage

Earthquake Risk Coverage

• It covers compensation for losses or damages caused by an earthquake with a magnitude of 3.5 or greater on the Richter scale.
• It also covers losses resulting from non-structural cracks in buildings if you buy no-deductible coverage.
• Depending on your decision, we will negotiate whether you participate or not in the loss (deductible).

Other Coverage

Burglary and Robbery cover is limited to Euro 750.

The Economic policy covers the cost of necessary accommodation up to Euro 1,000.

Opportunities and special extension to cover glass breakage risk.

What is the subject matter of an economic insurance policy?

The cost of the policies also varies based on the value of the insured property.

The basic difference is whether to cover the building’s present value or the newly acquired or constructed property value.

✓– insured

x – not insured

Note: This insurance does not cover losses or damages resulting from wear and tear or deterioration.

Depreciation Note: The economic policy does not apply depreciation for solidly constructed residential buildings in the event of partial damage.

Temporary accommodation cost

In case the loss or damage to your dwelling is so severe that living becomes impossible, the policy shall cover the cost of temporary accommodation.

Example:

Cost for renting a furnished residence of a similar size, according to the market price valued in the area of the insured location, until your insured property is restored to normal living conditions.

Removal costs of personal effects and assets of the Insured if the Insured decides to move entirely out of the insured location to another location.

Third Party Liability Insurance

This insurance is optional under all policies. It applies to your protection if damage to neighbouring buildings and individuals is caused by your household or property.

Example:

You cause loss or damage resulting from a water escape to the neighbouring apartment, or your neighbour suffers damage due to fire in your home.

Is this your policy?

*See the comparison chart of risks.

Discounts

• Renewal
• No claim bonus
• Deductible
• A group of buildings
• Special discount as a part of the FAMILY PACKAGE
• Advance premium payment
• For 5- or 10-year period of insurance
• Several insurance policies
• Own certified alarm systems, safe doors, code-key vaults, etc.

Payment Benefits

Possible payment in installments.

Direct debit from your bank account by standing order.

Request a free quote today and get the best deal.

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