Property Insurance Sector

Coverages Apeiron
Standard
Home 		Deductibles Apeiron
Full Home 		Deductibles Full Home
Contents 		Deductibles
Fire, Lightning, Extended Explosion, and Forest Fire
Aircraft Fall / Vehicle Impact
Damage from Falling Trees, Branches and Poles / Damage from Smoke
Fire Extinguishing Expenses / Damage from Firefighting
Earthquake 2% 2% 2%
Debris Removal 5% 5%
Weather Events A deductible of 10% applies to each loss, with a minimum of €500 for basements/semi-basements and €250 for ground/floors for primary or secondary residences, and a minimum of €1,500 for basements/semi-basements and €750 for ground/floors for holiday homes. A deductible of 10% applies to each loss, with a minimum of €500 for basements/semi-basements and €250 for ground/floors for primary or secondary residences, and a minimum of €1,000 for basements/semi-basements and €500 for ground/floors for holiday homes. A deductible of 10% applies to each loss, with a minimum of €500 for basements/semi-basements and €250 for ground/floors.
Replacement Cost New
Clause for Protection against Unintentional Underinsurance
Mortgage Instalment due to Covered Risks A deductible of 10% applies, subject to a maximum of €6,000 within a 6-month period. A deductible of 10% applies, subject to a maximum of €6,000 within a 6-month period.
Expenses for Measures Taken to Reduce or Prevent Further Loss 5.000€ 5.000€
Expenses for Architects, Engineers, and Permit Issuance 5.000€ 5.000€
Expenses for Temporary Relocation resulting from a Covered Loss, provided that Contents are insured 3.000€ 3.000€ 3.000€
Loss or Damage to Water, Heating, HVAC, and Sewerage Pipes (up to 25 years old) A deductible of 10% applies to each loss, subject to a minimum of €500. A deductible of 10% applies to each loss, subject to a minimum of €500.
Third-Party Liability due to Covered Risks 20.000€ 30.000€
Loss or Damage caused by Acts of Terrorism
Loss or Damage caused by Civil Disturbances, Strikes, Riots, or Public Disorder
Malicious Acts
Subsidence and Landslide due to Covered Risks 2% 2%
Glass Breakage 2.000€ A deductible of €100 applies to each loss.
Short-Circuit of Building Electrical Installations (Panels/Cables) 3.000€ A deductible of €150 applies to each loss.
Own Damage from Explosion in Central Heating Boiler 3.000€
Damage to Electric Water Heater due to Covered Risks 3.000€ 3.000€
Loss of Rent due to Covered Loss 3.000€
Damage to the Building from Attempted Burglary/Theft 2.000€
Theft of Contents following Burglary/Climbing Deductible: 10% of each Loss, subject to a minimum of €350 for permanent/secondary residences and €1,500 for holiday homes. Deductible: 10% of each Loss, subject to a minimum of €350 for permanent/secondary residences and €1,500 for holiday homes. Deductible: 10% of each Loss, subject to a minimum of €500.
Robbery of Money – Hold Up (when Theft of Contents is included)
Rate 0,985‰ 1,19‰
Rate + Theft 1,05‰ 1,24‰ 1,24‰
  • Basic Coverage
  • Additional Coverage

All sub-limits specified under the provided coverages shall be deemed part of the total Sum Insured and shall not operate to increase the total Sum Insured

What Our Plans Cover

Lightning

Covers loss or damage resulting from a sudden and violent electrical discharge (lightning) between a cloud and the ground.

Coverage for loss or damage to the insured property caused directly or indirectly by explosion of any kind, whether occurring within or outside the insured premises, even if not followed by fire.

Coverage for loss or damage caused by Storm – Tempest, when wind speeds reach 8 Beaufort or higher, as officially recorded by the National Meteorological Service.

Coverage for loss or damage caused by flood, inundation from sea waters, the natural overflow or deviation from normal channels of natural or artificial watercourses, the rupture or overflow of the public water supply network, and any other inflow or accumulation of water originating from areas outside the insured buildings or buildings housing the insured property.

Coverage for loss or damage caused by sudden subsidence and/or landslide of the ground on which the insured property is located, provided that the Insured or Policyholder proves that such subsidence and/or landslide resulted from fire or other insured perils.

We cover loss or damage to the insured property directly caused by earthquake (whether arising directly from the shock itself or from fire resulting from the shock).

Covers loss of or damage to the insured property, provided it is located within the premises specified in the Policy, caused by theft or attempted theft involving entry into or exit from such premises by violent and forcible means; or theft/attempted theft following proven assault or use of violence (robbery), or proven threat of assault or use of violence against the Insured or any person lawfully within the premises specified in the Policy; or damage to the insured contents and/or the building housing the insured property, up to the amount stated in the Policy Schedule.

Covers accidental breakage or breakage caused by third parties of external glass panes of the building, at replacement value with panes of the same thickness and type, including installation costs.

Coverage for loss or damage to the insured property caused by fire originating in forested or bushy areas, hills, meadows, clusters of trees or shrubs, or as a result of land clearance by fire.

We cover loss or damage to all types of machinery, equipment, and installations operating with electricity, caused by fire originating in the insured item due to overload, overvoltage, short circuit, arcing, electrical leakage, overheating, malfunction of measuring, control, or safety devices from any cause, including direct lightning strike.

We cover loss or damage to the insured property directly caused by snowfall, hail, frost, or rain.

What Our Plans Do Not Cover

Some incidents are not covered, such as:

Loss directly or indirectly caused by, contributed to by, or arising from any of the following events: war and civil disturbances, use of nuclear materials, acts of public authorities, natural deterioration of the insured property, pollution, and uninsured items.

Loss or expenses incurred by the Insured during the moving or relocation of insured property, undertaken reasonably by the Insured for the purpose described above, are not covered.

Loss or damage caused by explosives, heat, or radiation originating from radioactive or nuclear materials is excluded.

Loss or damage caused by a vehicle under the control or in the possession of the Policyholder, the Insured, a member of their family, or their staff is excluded.

This insurance does not cover loss or damage to buildings constructed under a building permit issued prior to 01.01.1959, or loss or damage caused by, arising from, or aggravated directly or indirectly by pre-existing wear or damage to the insured building, or caused by, arising from, or aggravated directly or indirectly by a construction defect of the insured building, nor does it cover loss of income or any consequential and/or indirect loss.

Loss or damage caused by natural wear and tear of the components of the item in which the short circuit occurs is not covered.

This insurance does not cover loss or damage to glass panes occurring prior to or during their installation, or during transportation. Loss or damage to glass panes occurring while performing any work on doors, windows, or the glass/mirrors themselves, or during repairs, extensions, or modifications to the insured building, or resulting from incorrect installation of the glass panes, is excluded. Damage to frames or supports, and costs of removing or replacing frames or supports, is also excluded. Furthermore, no coverage is provided for damage occurring during the destruction or replacement of the glass panes.

Loss or damage to insured property that has remained unoccupied or unused for a period exceeding thirty (30) consecutive days is excluded if caused by water discharged or leaked from automatic fire extinguishing systems (sprinkler systems), general drainage installations, or due to natural wear and tear from age of tanks, pipes, and installations. Loss or damage resulting from water leakage due to gradual deterioration, wear, or aging of metal pipes in installations older than 20 years, or caused by corrosion of pipes, tanks, and installations, is likewise not covered.

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