Home insurance gives you protection when you need it most, covering the cost of damage caused by various events - from storm damage, caused by burst pipes, to damage caused by fire, burglary or vandalism. Insurance can cover a wide range of damages that can occur, and some can be extremely expensive and without insurance it will be a big blow to the household budget.

Many people think that property insurance is too expensive and that nothing bad will happen to them, but the truth is that of all the risks you can insure your home against, some are very likely to come true. Living in your own house or apartment, whether the property is inherited, bought with a loan or rented, also carries a number of obligations, from repairs and maintenance to renovations.

Property insurance is an investment in a secure future

Property insurance should be seen as an investment in a secure future for you and your family if you don't want major property damage to jeopardize your financial stability. Of the various damages that can befall your home, fire damage can be extremely costly, as a fire can destroy or severely damage the structure of the home and your personal property. Earthquakes can cause serious damage or destruction of the house.

If your home has suffered such damage that you cannot stay in it until the repairs are carried out, the insurance can cover the cost of alternative accommodation during the repairs.

Pipes in houses and apartments can burst. When there is a water spill and destroyed parquet and furniture, repair costs can reach several thousand euros. It can also happen that water leaks from your bathroom to your neighbor's apartment due to a burst pipe or a malfunction in the valves. While you may not have suffered much damage, you are responsible for repairing your neighbor's property. If you have contracted third-party liability insurance, it will also cover the cost of remediation of the neighbor's property, which you otherwise have to settle yourself.