Who must conclude the PAD policy?
PAD is mandatory for homeowners in Romania, whether natural or legal persons, and represents the first step for protecting your house ...
What constructions fall under the scope of PAD?
PAD ends for completed and fiscally registered dwellings, intended for permanent or temporary residence. Annexes, dependencies that are not connected ...
How much does the PAD policy cost?
The cost of the PAD policy is established by law and depends on the type of construction: 130 lei/year for Type A dwellings (constructions that have the structure of ...
What happens if I don't have PAD?
The absence of the PAD policy may attract sanctions in accordance with the legislation in force, with fines between 100 and 500 lei. In addition, the dwelling remains uncovered for ...
Is it mandatory to have PAD in order to conclude a voluntary insurance?
Yes. Voluntary insurance can be issued only if the dwelling has a valid PAD policy or it is concluded simultaneously.
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, ...