Is it possible to buy an apartment in a new building and insure it immediately?

Take out insurance for your new-build apartment quickly and easily to protect your investment from unforeseen risks. Find out how to insure your apartment after purchase and enjoy peace of mind with convenient online registration

Apartment insurance against damage, destruction and theft

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Buying an apartment in a new building is an important investment and a dream for many. However, immediately after making such a large purchase, owners are faced with a number of questions, one of the most important being: can you insure an apartment after purchase, especially if it is a new build? Is it possible to insure an apartment in a new building before it is commissioned or during renovation? These questions are particularly relevant if the property is purchased on credit.

Home insurance in Ukraine is not just a formality or a bank requirement, but above all, it is reliable protection for your investment and financial peace of mind. It protects against unforeseen situations such as fire, flooding, natural disasters, and unlawful actions by third parties that could cause significant damage to your property.

Is insurance available for apartments in new buildings?

Insurance for new buildings is entirely realistic and possible. However, there are certain nuances that should be taken into account.

The most common reasons for disputes over real estate can be found here.

Can I insure an apartment that has not yet been commissioned?

Insurance for an apartment in a new building is only possible after the building has been officially commissioned and the ownership of the apartment has been duly registered. This is due to the legal status of the property and the readiness of the engineering networks.

It is important to remember that there are a number of cases where you will not be able to receive compensation for damaged property. Earlier, we listed the most common reasons why an insurance company may refuse to pay for real estate.

What types of housing can be insured?

You can insure both the structural elements of the apartment (walls, floors, ceilings) and the interior decoration, as well as movable property (furniture, household appliances).

Find out whether a tenant can insure the property in which they live on the Visit Ukraine portal.

Insurance conditions during renovation?

Most insurers do not allow you to insure property that is mortgaged, as well as properties where renovation work is not complete. This means that it is not possible to insure an unrenovated apartment or a completely ‘bare’ new building that has not yet been finished or is undergoing active renovation work under a standard policy. This is due to increased risks (e.g. damage caused by construction work, flooding by neighbours due to the connection of utilities).

Renovations carried out by neighbours can cause damage to your apartment not only during the construction phase, but also throughout the entire period of use of the property. Follow the link and find out what to do if your apartment has been damaged due to renovations carried out by neighbours.

So, in most cases, you can insure an apartment in a new building, but only if you bought it without a loan and have completed the main repairs or they are in the final stages, and you are ready to move in.

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What do you need to insure a new apartment?

To take out a property insurance policy on the Visit Ukraine portal, you will need:

Passport (document proving the identity of the insured person).

Identification code (TIN) of the insured person.

On Visit Ukraine, you can take out express insurance without an inspection and with a minimum of documents, which greatly simplifies the process. You can even insure an apartment without registration.

Cost of insurance for a new building

The cost of insurance for a new building depends on several key factors:

– location (city, district);

– selected coverage limit (the amount within which the insurance company will compensate for losses);

– included risks (fire, flooding, theft, natural disasters, damage by third parties or military risks, etc.).

*Prices are per year (EUR) / one day (UAH)

Advantages of property insurance with Visit Ukraine

Visit Ukraine offers a convenient and reliable online property insurance service that makes the process as simple and accessible as possible:

Quick registration: It only takes a few minutes to register a policy, without having to visit the office.

Minimum documents: Express insurance without inspection and with a minimum set of documents.

Flexible terms: You can choose the coverage limit and set of risks that best suit your needs.

Reliable partners: Visit Ukraine cooperates with leading insurance companies, which guarantees the quality of services and timely payments.

Reminder! Earlier, we reported that in the first quarter of 2025, the pace of new housing construction in Ukraine increased by 35%.

Photo: Freepik

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