Home insurance

Insurance covers electronic devices (household appliances, electrical devices, electronic devices, computer equipment), which were purchased new, without any defects, with the manufacturer's warranty of not less than 24 months and are used in the household. During the extended warranty period, BTA will indemnify for losses due to product defects, which would be considered as warranty cases according to the manufacturer's warranty.

The extended warranty takes effect at the end of the manufacturer's warranty period and remains valid for two more years (24 months), ensuring indemnity for losses in case of a device getting damaged, when the Insurance Object requires repairing that meets the warranty repair provisions; Indemnity limit EUR 1 000.

BTA will pay insurance indemnity for loss of rental income, when it is caused by damage to or destruction of the insured real estate.

Demonstrable rental income will be reimbursed for no longer than 12 months after occurrence of the fire risk, while the maximum reimbursement period in case of occurrence of other insured risks – 1 month.

Insurance indemnity shall be disbursed for damage caused to the insurance object, which occurred resulting from malicious intent or gross negligence of tenants of the Insured.

Acknowledgement of an accident to be an insured event obligatory requires availability of a lease agreement that is effective at the moment of the prospective insured event occurrence with a term of at least 1 month, and a statement by the competent authorities (State Police) acknowledging the losses caused by tenants.

Electronic risks – power outage, overvoltage, overload, short circuit induced by an accident. Insurance cover applies to electrical equipment that is powered by electric current.

BTA will disburse the insurance indemnity in the amount of the mortgage loan payment for the insured real estate, if the losses occurred as a result of the Fire risk occurrence and living therein is impossible.

The demonstrable mortgage loan payment will be reimbursed until the moment when the property is fully restored, but not longer than for 6 months and the indemnity limit shall be hereby set of EUR 3,000 per a single insured event.

If you purchase this service, we’ll ensure the services of a locksmith, plumber, carpenter and physical security guard, with a limit of EUR 350.

Hate alert – BTA will cover the expenses for the assistance of a psychologist, psychotherapist and the expenses for legal services, incurred in connection with an online insult or slander of the Insured or the Insured's family members *.

Hate speech against them, cyberbullying, cybermobbing, hooliganism in the cyberspace, aggressive, abusive online activities (such as comments), blackmailing; unsolicited dissemination of false or unwelcome (private) information/photographs on the internet; deepfake (an image processing technique that allows a face to be adjusted to another body); other violent activities online against the Insured or the Insured's family members (on the Internet or in social networks).

* Family members of the Insured: spouse or a person, with whom the Insured shares a household, persons, for whom the Insured bears third-party liability (minor children of the Insured, and other persons for whom the Insured bears third-party liability pursuant to the Civil Law of the Republic of Latvia).

Underinsurance – a situation when sum insured for an insurance object is less than the value of the insurance object.

Insurance policy shall be concluded so that if an insured event occurs, one might be able to restore the property to its initial condition, or to receive sufficient indemnity in order to replace it with an equivalent property. Please, pay attention to your Sum Insured! Sum insured for your property might be insufficient and the amount of indemnity disbursement will not fully cover your losses. Indemnity sum is directly linked to the costs of materials and services at the moment of the insured event and provisions of the insurance policy, including sum insured.

If you are constructing a new home or an auxiliary building, then in order to protect yourself from unforeseen financial loss in the course of construction, you should buy Construction risks insurance. This type of insurance is similar to Property all risks insurance; however, it is envisaged for buildings and structures that are currently under construction. At the territory of a construction site both used materials and structures and the ones, which have been delivered on site and have not been used so far, will be insured. Moreover, labour costs that are required to restore the insurance object after the accident will be insured as well.

Возмещается следующий ущерб:

• Ущерб, нанесённый в результате пожара на строительной площадке;
• Ущерб, нанесённый в результате стихийных бедствий, например, ущерб, нанесённый падающими деревьями или градом;
• Ущерб, нанесённый в результате наводнения, например повреждённый водой фундамент или строительные материалы;
• Возмещается ущерб, возникший в то время, как третье лицо украло или совершило хищение строительных материалов;
• Ущерб, нанесённый в результате вандализма третьих лиц;
• Столкновение сухопутных транспортных средств со зданием, находящимся в процессе строительства, или на стеллажах строительных материалов;
• и др.