Who is PAID and what role does it have in the PAD policy?
PAID (Natural Disaster Insurance Pool) manages the mandatory home insurance system in Romania and is the only ...
Who can conclude the optional home insurance policy?
The optional policy can be concluded by natural or legal persons who have an interest in the residence, such as owners, tenants, administrators, ...
Is it mandatory to have PAD to conclude a voluntary insurance?
Yes. Optional insurance can only be issued if the dwelling has a valid PAD policy or if it is concluded simultaneously. It is a requirement provided by ...
Why do I need optional insurance if I already have PAD?
PAD offers protection for three major natural risks: earthquake, floods, and landslides. For situations that occur more frequently, such as fires, ...
How is the insured amount determined?
The insured amount represents the maximum value up to which you can be compensated in the case of an event covered by the policy.This can be determined depending on ...
For what period is the optional home insurance concluded?
In general, the policy is concluded for a period of 12 months. There are also multi-year options, but the payment and updating of the insurance conditions are made, from ...
What does the optional home insurance not cover?
Voluntary insurance offers extended protection, but there are also situations that are not covered, such as: war or acts of terrorismuzură, ...
What does the Bonus-Malus system represent?
The Bonus-Malus System influences the price of the RCA policy based on your claims history.If you drive carefully and do not cause accidents, you can benefit from ...
Is the RCA policy different for leased cars?
No. The RCA policy offers the same coverage and compensation limits, regardless of whether the car is leased or personally owned. The differences are related to ...
How is the RCA policy issued for a leased vehicle?
The RCA policy is issued according to the leasing company's requirements. After you send the documents to the financier and receive the proforma invoice, we present you ...
Can I pay the RCA policy in installments?
Depending on the insurer, the RCA policy can be paid in full or in two installments of four payments each. For vehicles under leasing, certain companies may offer ...
If I have a car on lease, do I also have to take out the CASCO insurance policy, even if I have RCA insurance?
Yes. In the case of leasing, the CASCO policy is mandatory for the entire duration of the financing, as the financier remains the owner of the vehicle until ...