Compare Home Insurance in Romania

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What is home insurance in Romania?

Home insurance in Romania comes in two layers. PAD (poliţa de asigurare împotriva dezastrelor naturale) is the compulsory catastrophe policy that covers earthquakes, floods and landslides, and every homeowner is legally required to hold it. On top of that, voluntary home insurance (asigurare facultativă a locuinţei) covers fire, theft, water damage, storms and often contents and liability, at higher limits and with wider perils than PAD alone.

How the Romanian market works

The compulsory PAD is administered through PAID (Pool-ul de Asigurare Împotriva Dezastrelor) and is required by law for every dwelling, with a fixed low premium and set insured sum. Voluntary policies are sold by private insurers supervised by the Autoritatea de Supraveghere Financiară (ASF) and are freely priced. Romania's seismic risk, particularly in the Vrancea zone affecting Bucharest, makes catastrophe cover especially relevant. Many owners hold PAD plus a facultative policy for full protection.

Benefits

Legal catastrophe cover — PAD satisfies the legal requirement and pays out for earthquake, flood and landslide.

Wider peril protection — voluntary policies add fire, theft, water damage and storm cover.

Contents and liability — facultative cover can protect belongings and pay if you accidentally damage a neighbour's flat.

Peace of mind in a seismic country — important given Romania's significant earthquake exposure.

Rent and alternative accommodation — some voluntary policies pay for temporary housing while your home is repaired after a covered loss.

How to choose

Start with the compulsory PAD, then add a voluntary policy sized to your home's full rebuild value and the value of your contents. Compare insured sums, which perils are covered, the excess, and whether contents and third-party liability are included. Check whether the sum insured reflects current rebuild costs, and confirm how claims are assessed. For apartments, note that some risks like shared-structure damage interact with the building association.

Leading providers in Romania

Omniasig, Allianz-Ţiriac, Generali Romania and Groupama Romania are among the leading providers of voluntary home insurance, offering fire, theft, water and contents cover. The compulsory PAD is issued through PAID and can be arranged via these same insurers as distribution agents. Comparing several established insurers on the voluntary layer, while ensuring the mandatory PAD is in place, gives the most complete protection.

What it costs

The compulsory PAD carries a fixed, low annual premium set by regulation for a standard insured sum. Voluntary home insurance is priced individually on the property's value, location, construction and chosen cover, so quotes vary; adding contents and liability raises the premium modestly. Because voluntary pricing is tailored, request a quote for your specific home rather than assuming an average cost, and ensure the sum insured keeps pace with rising construction and replacement prices.

Protections and regulation

The PAD scheme is mandated by law and run through PAID, while voluntary insurers are licensed and supervised by ASF. The Fondul de Garantare a Asiguraţilor protects policyholders if a home insurer becomes insolvent. Policies must disclose covered perils, exclusions and limits clearly. Complaints go first to the insurer or PAID, then to ASF, with ANPC handling consumer-protection issues. Holding PAD is a legal obligation, not optional.

Common questions

Is home insurance mandatory? The PAD catastrophe policy is compulsory for every home; broader voluntary cover is optional but recommended.

Does PAD cover fire and theft? No; PAD covers earthquake, flood and landslide only, so add a voluntary policy for those risks.

How much cover do I need? Enough to rebuild your home and replace contents at current costs.

Can I buy PAD and voluntary cover together? Yes; the same insurers that distribute the mandatory PAD can also sell you a voluntary policy alongside it.

Home Insurance in Romania — FAQ