Home insurance payouts in Romania reach RON 130 million in 2024

Insurance companies paid out RON 130 million in compensation based on home insurance in the first 9 months of last year, according to official data published by the Financial Supervisory Authority (ASF).

According to representatives of the National Union of Insurance and Reinsurance Companies of Romania (UNSAR), the figures also show that the financial support provided by the insurance industry increased by 9% compared to the value paid in the same period of 2023.

Over 95% of the value of these compensations (i.e. RON 124 million) were paid based on voluntary home insurance, up 25% compared to those in the first 9 months of 2023.

In Romania, voluntary insurance can be concluded for those homes that are already protected by a mandatory PAD policy. Facultative policies offer an extended level of protection, at the real value of the building and/or the assets owned, and can cover damage caused by natural disasters, but also other types of risks.