Why do Poles and migrants often not insure their apartments?
According to market data, as many as 50% of apartments in Poland have no insurance at all, and in the case of personal liability insurance – only one in ten people has it. This is mainly due to:
- lack of awareness of threats,
- the belief that “it won't happen to me,”
- or simply the desire to reduce costs.
Meanwhile, damages can be enormous – from fires, through flooding, to the consequences of unforeseen accidents involving children, bicycles, or… shopping carts in the parking lot.
👉 Check out our offer of apartments and houses for sale in Wrocław and find out how to secure them properly.
How much does apartment insurance cost in Wrocław?
Prices are lower than many assume:
✅ An apartment worth 500,000 zł – the policy costs about 330 zł per year
✅ An apartment worth 1 million zł with furnishings worth 100,000 zł and personal liability insurance – about 860 zł per year
The amount of insurance depends on:
- the value of the property and movable items,
- the floor, area, and location,
- the scope (only the walls? + movable items? + liability?).
Is it expensive?
Owners are often surprised that the cost of insuring an apartment or house averages 400–1000 zł per year – which is about 30–80 zł per month. This is a small price for peace of mind.
What to pay attention to in the general insurance conditions (OWU)?
Not every policy offers the same coverage. You need to read carefully:
- scope of protection – does it cover, for example, electrical surges, flooding due to a neighbor's fault, fire, hurricanes, lightning strikes?
- exclusions of liability – for example, neglected inspections of installations may be grounds for refusal of payment,
- is this insurance for named risks (only specified cases), or all risk (everything that is not excluded).
Tip:
The most beneficial for apartment owners and investors are all risk policies. The price difference compared to a standard policy is usually small.
Personal liability insurance – why is it worth it?
This is a policy that protects you and your family in everyday situations:
- a child scratches a luxury car in the parking lot,
- you flood a neighbor's apartment,
- a dog knocks over a passerby during a walk.
Cost? Liability insurance up to 100,000 zł costs about 100 zł per year, and up to 300,000 zł – about 200 zł per year and protects the whole family.
What about investors in Wrocław and flippers?
Is it worth insuring an apartment during renovation and quick resale?
Definitely yes!
- You can buy insurance even for a short period (3–6 months).
- After selling the apartment, you can terminate the contract and recover the unused part of the premium.
What about renovation companies?
If you are an investor and have a team, it is important that they have their own liability insurance. If you invest regularly, it is worth purchasing an annual policy for investments and business activities.
Insurance for a rented apartment – who should pay?
- The owner of the apartment should insure the walls and furnishings and purchase liability insurance for damages caused to third parties (e.g., neighbors).
- The tenant should have their own personal liability insurance – this then protects them and the owner against the consequences of, for example, flooding.
What else to pay attention to when insuring an apartment?
- Update the sum insured every year, especially after purchasing equipment or renovation.
- Do not insure the apartment only for the amount of the loan – its value increases, while the loan balance decreases.
- After a loss, report it immediately to the insurer, collect invoices and receipts. In case of inability to live there, many policies cover the cost of renting a substitute property for up to a year.
Why is it worth dealing with an advisor?
With so many “stars” in the OWU, it's easy to make a mistake. An agent will guide you through the entire process:
✅ they will calculate the real value of the property (they will do a “walk through the apartment in your head”),
✅ they will select a policy tailored to your needs,
✅ they will ensure that there are no problems with payment in case of a loss.
Are you looking for an apartment for investment or personal use in Wrocław?
and take advantage of free advice from Atlant Estates regarding:
- property purchase,
- obtaining a mortgage,
- insurance for apartments, houses, and investments.
Do you have questions? Write to us – we are happy to advise!
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