If you have purchased a property in Bulgaria or just going to do it, it is probably one of the most important issues that you have to solve is the property insurance. In a foreign country where they speak a foreign language, difficult to understand the services offered by insurance companies. Therefore, we tried to sanctify key points regarding this important step - the insurance of the house or apartment.
It is worth noting that, as in our country, in Bulgaria there are different insurance packages. They can distinguish:
- cost;
- the limit of liability of the insurer;
- the combination of an emergency.
Having considered more two main types of insurance real estate (batch standard), you will be able to determine what suits you personally.
An insurance package
Batch insurance - this type of services, which implies that the insurance paid by the Agency amounts. That is, you purchase insurance for a certain fixed maximum amount to be paid to you in case of emergency.
The most simple and inexpensive packages include some of the most common situations in which you may need financial support. This:
- explosion
- fire
- flood
If you buy a more expensive package, you can get insurance for other natural disasters, such as earthquake, theft, vandalism. How much money you can expect if you want to insure luxury apartments in Pomorie or another resort? The lowest cost package insurance is 15 euros per year, taking into account the fact that the maximum amount paid from the insurer will not exceed 7 thousand euros. If the annual payment for insurance will be about 30 euros, you can count on compensation in case the insured event up to 15 thousand euros.
Naturally, the more expensive the package, the more events will be included in the list of insurance.
Someone finds it necessary to buy a package with additional services. for example, some firms not only provide insurance for your property, but also and someone else, that is the neighborhood. Also you can be paid financial assistance in case of loss of rent or payment for hotel rooms during the renovation of your property.
Insurance companies will be flexible with their clients: someone wants to insure the apartment and all its contents, furniture, technique, and someone just the house itself.
The advantages of batch type of insurance are as follows:
- low cost;
- ease of processing.
Lack of insurance packages - low level of responsibility of the company, there is a small amount of payments.
Standard insurance
The standard insurance is a service of insurance companies involving payment size in the market value of your property. What situations will be included in the list of insured events? The same as in the batch insurance. What's the difference? Suppose there was a fire. When the batch insurance you will receive a payment of 7-15 thousand Euro depending on the package. Standard insurance you will pay the same amount for which you will be able to purchase another one the same apartment or house. If the real value of your property was, say, € 50,000, the insurance Agency in case of fire will pay you all this money.
How much will this service cost? Much more than a batch of insurance. Everything will depend on the cost of your apartment in Sunny beach or Varna, because its location is also important. The average annual insurance cost of 0.2% of the property value. If the property is worth € 50 000, the insurance company you will pay €100 per year.
Lack of standard insurance that you need quite a lot of time to explore and evaluate real estate. Advantage - maximum protection housing.
So, choose what suits you. And employees of our company makes sure to help you find the insurance Agency with a good reputation.
