Allianz-Tiriac provides homeowners a new building and contents insurance product - My Home - structured in the form of three progressively built insurance packages: CONFORT, EXTRA and MAX.
Depending on the protection needs and on the budget of the owners, the personalization of the most suitable insurance now becomes even simpler, the contents of the packages and their price being clearly and transparently presented.
The basic package - CONFORT - provides protection against natural phenomena, fire, lightning, explosion, falling objects, and also legal liability coverage and emergency assistance at home.
The EXTRA package - provides in addition to the basic package, protection against damage to glass items and water damage.
The MAX package – additionally covers risks resulting from storm, vandalism and accidental breakdown and short-circuit.
An element of novelty of this product is that the risk of earthquake is an optional coverage, which can be added to any of the 3 coverage packages, thus supplementing the protection offered by the compulsory PAD insurance.
Also, regardless of the chosen package, the customers will have coverage for Legal liability, valid for the owner and dependent family members, for events occurred both inside and outside the insured dwelling with 2 separate limits of indemnity, of EUR 10,000 and, respectively, EUR 50,000.
The Additional expenses coverage is available for all 3 coverage packages and represents compensation of expenses incurred after the occurrence of an insured risk and / or expenses incurred for temporary accommodation at another location.
If you choose the MAX package, indemnity is paid for household appliances and electrical and audio-visual equipment aged 8 years at the most in case of short-circuit or other electrical phenomena and for building systems in case of accidental breakdown.
Aurel Badea, Deputy CEO Allianz-Tiriac: “Romania remains a country with a strong vulnerability in terms of catastrophic risks and protection of housing at their market value, through non-compulsory insurance. Equally, there is significant potential for increasing the level of education and awareness regarding risk exposures.
The latest I.R.E.S study showed that over 80% of all dwellings in Romania are not insured against catastrophic risks, although the vast majority of respondents are aware of the obligation to insure. On the other hand, 66% of respondents believe that better communication, information regarding insurance products would motivate them to buy home insurance. In addition, ASF sources show that only 1.47 million Romanians concluded non-compulsory home insurance.
By launching the new homeowners insurance My Home, we want to facilitate both the information process and the decision to buy a home insurance. At the beginning of the year, Allianz-Tiriac took important steps to simplify products, starting with motor insurance. Today, we continue the strategy by launching homeowners insurance My Home, exclusively dedicated to private individuals. We would like to pleasantly surprise homeowners with an insurance product suited to their protection needs and their available budget, transparent, easy to understand thanks to the benefits guide prepared in accessible language, where they can learn details related to coverage, contract details, exclusions, steps to follow in case of a claim and required contacts, and where they find recommendations in the useful tips section."
