PROPERTY INSURANCE AT THE LOWEST PRICES

Property insurance covers the building itself (walls, roof, windows, etc.) including built-in utilities. Home contents insurance covers furniture, household appliances, electronics, and personal belongings.

Insurance protects you from unforeseen expenses in case your house, apartment, or belongings are damaged or destroyed. It helps avoid significant financial losses, and in some cases (for example, when you have a mortgage), it is a requirement set by banks.

Typically, it covers damage caused by fire, explosion, lightning strikes, hail, storms, floods, water damage, burglary, and vandalism. The exact list of covered risks depends on the specific product and the insurance company.

Yes. Insurance companies offer various add-ons, such as coverage for natural disasters (e.g., earthquakes), garden structures, swimming pools, garages, and equipment located on the property, etc.

By law, it is not strictly mandatory. However, if you have a mortgage, banks almost always require insurance to protect their investment.

Some banks partner with insurance companies to offer convenient bundled programs. These can be advantageous but are not always the cheapest. It is recommended to compare offers from different insurers to find the best deal.

The cost depends on several factors: the type of property (house or apartment), building materials, floor area, location, age of the building, market and replacement value, as well as the chosen risks and add-ons.

There are two main approaches: Replacement (reconstruction) cost: the amount needed to rebuild or restore the property to its original condition. Market value: the price for which the property could be sold on the market. In many cases, insuring for the replacement cost is recommended so you can rebuild the property in case of total loss.

Underinsurance occurs when the insured amount is lower than the actual value of the property. In such cases, if a claim arises, the insurance payout may be insufficient to cover the full extent of the damage.

This is generally covered by a separate liability insurance module (pojištění odpovědnosti). Some comprehensive home insurance policies already include this, but it is important to check your contract.

If you are renting out your property, it is advisable to have liability insurance in case of damages caused by tenants (or vice versa). You can also insure any furniture and equipment belonging to you as the landlord.

Yes. Contents insurance covers your personal belongings as a tenant and can also include liability coverage for damage caused to the landlord’s property (e.g., in case of flooding). Such policies are relatively inexpensive and offer substantial protection.

1) First, eliminate or minimize the source of damage (turn off the water supply, call emergency services). 2) Document the damage (photos, videos). 3) Notify your insurance company (by phone, online, or in person). 4) Follow the insurer’s instructions regarding damage assessment and collecting documents (e.g., repair bills).

In the Czech Republic, insurers typically aim to settle claims within 15–30 days after you provide all necessary documents and the damage assessment is complete. However, the timeline can vary depending on the complexity of the case.

If the policy covers the replacement cost, the insurer should pay out an amount sufficient to build a similar new house. If the property was insured for its market value, the payout will be based on that market valuation.

Compare offers from different companies, look for promotions and discounts. Some insurers give preferential rates if you bundle policies (e.g., property + car + life). Installing security features (alarms, sensors, cameras) can also reduce your premium.

It is recommended to review your policy at least every few years or after significant changes to the property (major renovation, extension). This helps avoid underinsurance and keeps the coverage aligned with the property’s actual value.

Typically, you can terminate the contract by giving notice at least one month before the annual renewal date. The contract may also be terminated upon selling the property, changing ownership, or by mutual agreement. The exact conditions are outlined in the policy and general terms.

Yes. Insurance companies in the Czech Republic use risk maps (for floods, etc.). If the property is located in a high-risk zone, you may face higher premiums or special terms (e.g., higher deductibles, payout limits).