What does standard property insurance cover?

Property insurance in Ukraine is becoming increasingly relevant, especially given the risks of martial law. Find out how to insure your home in Ukraine and what risks are covered by home insurance.

Apartment insurance against damage, destruction and theft

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Today, when the realities of wartime remind us daily of the fragility of our normal lives, the issue of protecting our property has become particularly acute. Threats to our homes have, unfortunately, become part of our reality, making the future unpredictable. That is why property insurance is not just a desirable option, but a pressing necessity that provides reliable financial protection for your most valuable asset against unexpected and devastating events. In this article, we have compiled detailed information on how to take out a policy for an apartment or house, why you need extended insurance with military risks, and what advantages home insurance offers on the Visit Ukraine portal.

Earlier, we talked about the advantages of property insurance and how much it will cost you.

Are you concerned about your real estate? Select a reliable policy on the Visit Ukraine portal.

What is a property insurance policy and why is it needed?

A property insurance policy is the main proof of the conclusion of a property insurance contract. The procedure is regulated by the Law of Ukraine ‘On Insurance’ and the Civil Code of Ukraine.

A property insurance policy is a written form of an insurance contract concluded between the insured (owner or other legal user of the property) and the insurer (insurance company). This document certifies the conclusion of a real estate insurance contract, defines the object of insurance (specific real estate), the list of insurance risks, the amount of insurance coverage, the term of the contract, the amount of the insurance premium, the rights and obligations of the parties, as well as the procedure for making insurance payments in the event of an insured event provided for in the contract.

The policy guarantees you full or partial financial compensation for losses in the event of an insured event.

In 2024, Kyiv became the leader in terms of construction volume. Find out how much it costs to insure an apartment in Kyiv by following the link.

What does a standard policy usually cover?

– natural disasters (lightning strikes, fires caused by lightning, storms, hurricanes, etc.);

– domestic incidents (fire, gas leaks, smoke, flooding, etc.);

– unlawful acts of malicious persons (damage to property, theft, robbery, etc.).

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What is not included in a standard policy?

There is a list of property that is not covered by insurance:

– cash;

– valuables;

– documents;

– books;

– toys;

– paintings and other works of art.

What is extended coverage?

Extended coverage provides additional insurance against risks caused by military action:

– missile strikes;

– strikes by UAVs and drones;

– explosions of ammunition and mines;

– damage caused by terrorist acts.

In conditions of military risk, the most fragile elements of houses often suffer. How to insure windows and how to protect your home from drones and missile attacks, we discussed in our previous article.

How to take out insurance online at Visit Ukraine

On the Visit Ukraine portal, you can take out express insurance online without an inspection of your property or real estate documents. All you need to take out insurance is your passport and tax identification number (even tenants can do this).

1. Select the sum insured and the start date of the policy.

2. Fill out the form with information about the property (address) and the person insuring the property (full name, date of birth, passport details, tax identification number, contact phone number and email).

3. Agree to the terms of the contract and confirm the registration (using a special code that will be sent to your email).

4. Pay for the insurance in a convenient way.

5. Receive the finished apartment insurance policy at the specified email address.

For detailed instructions on how to properly insure an apartment or house, follow the link.

Take care of your property — choose the most convenient insurance policy on the Visit Ukraine portal.

Reminder! We previously discussed whether it is possible to insure a country house that you do not live in permanently.

Photo: Freepik

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We recommend purchasing it for a safe and comfortable trip to Ukraine: 

Visit Ukraine Insurance – insurance covering military risks for entry and travel in Ukraine;

Visit Ukraine Car Insurance – car insurance with extended coverage in Ukraine;

Visit Ukraine Legal Advice – comprehensive legal support on entry to Ukraine;

Visit Ukraine Tickets – bus and train tickets to/from Ukraine;

Visit Ukraine Tours – the largest online database of tours to Ukraine for every taste;

Visit Ukraine Hotels – hotels for a comfortable stay in Ukraine;

Visit Ukraine Merch – patriotic clothing and accessories with worldwide delivery.

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