Do you need to insure your apartment when renting it out?

Many landlords are faced with the question of whether to insure their apartment before renting it out. Find out the benefits of home insurance and how to get it quickly and easily on the Visit Ukraine portal

Apartment insurance against damage, destruction and theft

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Renting out an apartment in Ukraine is a common way to earn income, but it comes with certain risks. Protecting your property and liability is critical, especially in 2025, when traditional risks are compounded by military risks. This article will help you understand all the ins and outs of renting insurance.

Why insure the apartment you are renting out?

Insuring rented property is not just an additional expense, but an effective tool for protecting your financial interests and peace of mind.

Risks from tenants' actions: Even the most conscientious tenants can accidentally cause damage to property. This could be flooding of neighbours due to a faulty tap, a fire due to faulty wiring, or damage to furniture and household appliances. Without insurance, all repair costs will be borne by the owner.

Landlord liability: In addition to damage to your apartment, you may be liable for damage caused to third parties (e.g., downstairs neighbours if your apartment is flooded and the water damages their property). Liability insurance will help cover these costs.

War risks: In 2025, unfortunately, risks associated with military action remain relevant. Destruction, explosions, strikes on residential buildings, falling debris are real threats that can result in significant damage or complete loss of property. Standard policies do not usually cover these risks, so it is important to have specialised coverage.

Windows and balconies, the most fragile elements of a building, are most often affected by active war risks. Follow the link and find out how to quickly insure the windows and balconies in your home on the Visit Ukraine portal.

Who should take out insurance – the owner or the tenant?

Insurance for rented accommodation can be taken out by either the owner or the tenant.

The owner usually insures the property itself (walls, floors, windows) and their belongings in the apartment (furniture, appliances) against the risks of fire, flooding, natural disasters and unlawful acts by third parties. They can also insure their civil liability to neighbours.

The tenant can insure their civil liability to the owner (in case they damage the owner's property) and/or insure their own property that they have brought into the rented apartment.

Misunderstandings between tenants and landlords are, unfortunately, not uncommon. Visit Ukraine specialists will tell you about all the nuances of real estate litigation.

How to specify insurance obligations in a lease agreement?

The best solution is to clearly define insurance obligations in the lease agreement. You can specify who exactly takes out the policy, what type of insurance and coverage, and who bears the costs. For example, the owner may oblige the tenant to take out civil liability insurance and insure the property against military risks. This will avoid disputes in the future.

In the event of a full-scale invasion, everyone must take care to protect their homes from ‘flybys’. Read how to do this on the Visit Ukraine portal.

What types of insurance are available for rented accommodation?

The modern insurance market in Ukraine offers several types of policies to protect rented accommodation:

Standard policies (express apartment insurance): These cover the most common household risks:

– fires and explosions of domestic gas;

– flooding (due to accidents in water supply and sewage systems);

– natural disasters (e.g. earthquakes, lightning, strong storms);

– unlawful actions of third parties (burglary, robbery, vandalism);

– damage to glass (windows, balconies, loggias);

– third-party liability insurance (e.g. compensation for damage to neighbours).

One of the most unpleasant risks covered by an insurance policy is flooding. Detailed instructions on what to do if you are flooded or you flood your neighbours can be found on the Visit Ukraine portal.

Policies covering military risks: These are specialised policies that are extremely important in times of martial law. They cover damage caused by:

– damage to your home by missiles, UAVs, drones or their debris;

– explosions of ammunition, mines, bombs;

– other military actions (except for nuclear, biological and chemical weapons).

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What does an insurance policy usually cover?

The specific list of coverage depends on the type of policy you choose, but in general, insurance can cover:

1. Repair of property after flooding or fire: Reimbursement of the cost of restoration work in the apartment (walls, floor, ceiling).

2. Losses due to damage to equipment and furniture: Compensation for the cost of repair or replacement of damaged interior property.

3. Compensation for destroyed housing: In the context of military operations, this coverage is only provided if you have a special policy covering military risks. Without it, damage from shelling or explosions is not compensated.

A complete list of risks covered by available property insurance policies can be found here.

Insurance prices in 2025

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

Step-by-step instructions on how to evaluate real estate for insurance can be found at the link.

How to get insurance online?

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

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

2. Fill in the form with details of the property (address) and the person insuring the property (full name, date of birth, passport details, tax identification number, contact telephone number and e-mail address).

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 ready-made apartment insurance policy at the specified email address.

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

Reminder! Property insurance is not a luxury, but a necessity in today's world. We have previously discussed the benefits of property insurance.

Photo: Freepik

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