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New mandatory insurance requirement for apartment owners in Romania

Apartment owners in Romania will be required by law to have insurance for their homes, according to the Financial Supervision Authority (ASF). The ASF has issued a guide for this purpose, which outlines the requirements for the insurance policy.


The mandatory insurance policy will be issued by the Pool of Insurance Against Natural Disasters (PAID). It can also be issued by authorized insurance companies.


The insurance policy will cover the following risks:

  • Earthquakes

  • Landslides

  • Floods

  • Direct damage to residential buildings as an indirect result of the three insured risks

The amount of insurance coverage will be:

  • 20,000 euros for Type A dwellings

  • 10,000 euros for Type B dwellings

The insurance premium will be:

  • 20 euros per year for Type A dwellings

  • 10 euros per year for Type B dwellings

The insurance policy will be valid for 12 months or until the building is no longer used as a dwelling.

The mandatory insurance requirement is intended to protect homeowners from financial losses in the event of a natural disaster. It is also a way for the government to ensure that all homes are properly insured.


Here are some of the key points of the new mandatory insurance requirement:

  • All apartment owners in Romania will be required to have insurance for their homes.

  • The insurance policy will be issued by PAID or by an authorized insurance company.

  • The insurance policy will cover earthquakes, landslides, floods, and direct damage to residential buildings as an indirect result of the three insured risks.

  • The amount of insurance coverage will vary depending on the type of dwelling.

  • The insurance premium will also vary depending on the type of dwelling.

  • The insurance policy will be valid for 12 months or until the building is no longer used as a dwelling.


Apartment owners are encouraged to read the ASF guide carefully to learn more about the new mandatory insurance requirement. They should also contact their insurance company to get a quote for an insurance policy.


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