From flats to detached houses: Euroins Ukraine has updated its home insurance policies

The insurance company ‘Euroins Ukraine’ has expanded its range of home insurance products with ‘Apartment Express+’ and ‘Home Express+’.

The new policies cover both flats in multi-storey blocks and detached houses. War risks are also included in the cover: the limit is 10 per cent of the sum insured, and is designed to cover damage most commonly caused by heavy shelling.

What the policy covers

• Standard risks: fire, water damage, natural disasters, theft and glass breakage.
• War risks: damage to or destruction of property caused by missiles, drones, their debris and air defence operations, as well as fires and explosions resulting from them (limit of 10 per cent of the sum insured).
• Liability to neighbours for damage to property, life and health.
• Payment of up to 10,000 UAH for temporary accommodation, essential items and the replacement of documents.

Terms and conditions of cover and payout

The policy is issued without an inspection or valuation of the property and takes 10 minutes. Payouts are made on a non-proportional basis: up to the chosen sum insured, even if the value of the property is higher.

In the event of a claim, a decision on payment is made within 10 working days, and the funds are paid out within 5 working days. After a claim has been paid, the policy remains valid until the end of the term.

Cost and area of cover

The cost depends on the chosen sum insured and ranges from 2,110 UAH per year for a flat and from 3,030 UAH per year for a detached house.

War risks are covered within Ukraine, excluding occupied territories, combat zones and settlements within 100 km of them.

How to take out a policy

Take out a policy at official ‘Euroins Ukraine’ branches; find out more by calling the freephone number 0 800 501 513.