Romanian mandatory home insurance policies grow by over 14% in 2024

The number of active mandatory home insurance policies (PAD) in Romania increased by 14.41% in 2024, reaching approximately 2.34 million, compared to 2.04 million policies recorded on December 30, 2023, according to data from the Natural Disaster Insurance Pool (PAID), the entity responsible for issuing this insurance.

As of the end of December, urban areas accounted for 71.5% of all active PAD policies, while rural areas made up 28.5%. Regarding the type of insured dwellings, 94.2% of PAD policies cover type A homes—those with reinforced concrete, metal, or wood structures, and external walls made of stone, burnt brick, or materials treated thermally or chemically. The remaining 5.8% cover type B homes, characterized by external walls made of unburnt brick or untreated materials.

Mandatory home insurance premiums remain fixed at RON 130 for type A dwellings, providing a maximum insured amount of RON 100,000, and EUR 50 for type B dwellings, covering up to EUR 50,000. The continued growth in policy numbers underscores the increasing awareness and adoption of insurance against natural disasters.