Compulsory Property Insurance – Online Home and Apartment Insurance

Compulsory Property Insurance is a type of insurance designed to compensate material damage caused by the damage, destruction, or complete loss of real estate as a result of fire, explosion, natural disasters, and other unforeseen events.

According to the legislation of the Republic of Azerbaijan, all owners of apartments, private residential houses, and non-residential properties are required to obtain compulsory property insurance.

Through Kasko.az, you can arrange compulsory property insurance online and obtain home and apartment insurance by providing your property ownership extract and identity document, quickly, officially, and within just a few minutes.

Insurance premiums and coverage amounts for apartments and private houses

Baku city
Insurance premium: 50 AZN
Coverage amount: 25,000 AZN

Ganja, Sumgayit, Nakhchivan
Insurance premium: 40 AZN
Coverage amount: 20,000 AZN

Other cities and regions
Insurance premium: 30 AZN
Coverage amount: 15,000 AZN

What risks does compulsory property insurance cover?

Compulsory property insurance provides coverage for damages resulting from the following risks:

• Fire — damage caused by fire to an apartment or property

• Explosion — gas leaks and other explosion-related incidents

• Natural disasters — earthquake, flood, storm, and other natural events

• Water leakage — pipe bursts or water damage from neighboring properties

• Illegal acts — vandalism, burglary, and other unlawful actions

Penalties for not having compulsory property insurance

Administrative penalties are предусмотрены for property owners who fail to obtain compulsory property insurance under the legislation of the Republic of Azerbaijan:

• Individuals — 30 AZN

• Officials — 80 AZN

• Legal entities — 110 AZN

To avoid penalties and protect your property from financial risks, it is recommended to arrange compulsory property insurance in a timely and official manner.

Advantages of obtaining compulsory property insurance online

• Fully online and officially оформed

• Insurance certificate issued within just a few minutes

• Transparent and reliable process

• Fast and convenient service

Obtain compulsory property insurance online and ensure the financial security of your apartment.