Is it possible to conclude a PAD for buildings with seismic risk?
Housing classified in Seismic Risk Class I cannot be insured through PAD until the completion and acceptance of consolidation works.
Do I have to conclude the PAD even if the dwelling is unoccupied?
Yes. The obligation exists as long as the dwelling is fiscally registered, even if it is not permanently inhabited.
How do I classify a dwelling that is built from different materials?
The type of dwelling is determined based on the materials used for the structural framework and exterior walls of the part with the largest surface area ...
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 technical assistance represent?
Technical assistance is an additional service that provides you help when unforeseen situations occur in the home.May include interventions ...
What is the SME Eco-Tech program and who is it addressed to?
SME Eco‑Tech is a program dedicated to manufacturing SMEs that want to invest in digitalization and energy-efficient technologies, through a ...