Few people think about the need to insure an apartment or house — until a force majeure event happens and they realize how useful insurance would have been.

The list of unpleasant surprises that can damage property is long: from flooding or boiler problems to unexpected natural disasters, especially in recent years with clear climate change.

In addition, the war has brought danger to every Ukrainian and their property. Protection from drones and missiles is more relevant than ever. Broken windows and destroyed housing can affect anyone. Property insurance also covers war risks.

So insuring an apartment against theft, damage, and unforeseen situations is a smart move — in case of an accident you always have financial support from the insurance company.

Many people spend years renovating, investing in home comfort, or taking a loan to furnish a comfortable home. Property insurance will not prevent an accident, but it will compensate for losses and spare your nerves. Insuring property is a guarantee of a calm recovery after damage, without worrying about financial costs.

The following types of property insurance are available on Shark Insurance:

• liability insurance to neighbors;
• against unlawful actions of third parties;
• apartment insurance against flooding by neighbors;
• apartment insurance against fire;
• material damage caused by other natural disasters (lightning, hurricanes, etc.);
• in addition to real estate (owned or rented apartment, private house), you can insure movable property (furniture, appliances, clothing, etc.);
• insurance with war risk coverage.

Please note! Property that cannot be insured includes first-floor apartments used as a shop or catering premises.

Some clients order property insurance regardless of the situation, for peace of mind. House insurance is most often ordered before trips, especially when the apartment cannot be left under constant supervision for a long time or for several days.

It also makes sense to insure an apartment or house after a major renovation.

During the war, falling debris, broken windows, and blast-wave damage are, unfortunately, not rare. Property insurance and protection from drones and missiles also covers war risks.

To save clients' time, the site offers online registration. Online property insurance has its advantages:

• issued within a few minutes;
• does not require a property inspection.

The insurance price is affected by:

• the value of the property;
• the list of risks. The broader it is, the higher the tariff.

The client determines how much it costs to insure property. It is important to estimate the real estate as accurately as possible: undervaluing makes insurance cheaper but also reduces payouts in a force majeure event; overvaluing makes registration more expensive. Using the online calculator, you will find a favorable tariff.

If an insured event occurs, first contact the insurance company. It is important to follow the instructions in the property insurance policy: collect the necessary documents and fill in a claim for compensation. Settlement usually follows an established process and requires prompt information exchange between the client and the insurer.

Your actions:

• be sure to contact the insurer within 24 hours;
• within 3 business days, submit a written claim about the insured event;
• if possible, reduce losses while preserving undamaged insured property, but do not change the scene yourself;
• report what happened to the competent authorities (police, condominium association, or housing office);
• allow the insurer to inspect and assess the extent of the damage.

Documents required for payment:

• a written application;
• passport and tax ID;
• technical passport for the real estate;
• a certificate listing damage or describing the property;
• an expert decision;
• additional documents the insurer may request, as discussed when arranging the policy.

Home insurance in Ukraine is a worthwhile investment for those who want to avoid financial losses in a possible force majeure situation involving an apartment or house.