Q. Do I need to buy insurance for my home in Italy?

Q. Do I need to buy insurance for my home in Italy?


Q. Do I need to buy insurance for my home in Italy?

A. Home owner’s insurance is not required by law, and indeed few Italians buy insurance for their homes. In the euphoria of purchasing a new home, it can be too easy to overlook the importance of protecting it, and you and your loved ones, from unfortunate future events. Insurance policies are not retroactive – you need to take out insurance before an event happens. Formal condominiums with an administrator will generally have coverage for the overall building and for damage to or by the shared parts (ask your administrator for details).

Property owners will want to consider obtaining insurance covering damage to others, e.g. water from a leaky pipe floods the neighbors below or a roof tile falls on someone. Coverage for personal possessions and property is also recommended.

Risks to consider covering include fire, theft and natural calamities, including, in some areas, earthquakes and flooding. Avoid being penny-wise and pound foolish: there may be temptation to save on a premium by choosing low coverage values yet this can come back to haunt you.

This is general guidance; do consult a qualified insurance expert for recommendations concerning your specific situation.