Compulsory property insurance

Under the Law on Compulsory Insurance, owners of flats, houses, offices and other buildings must insure them. The sum insured and the premium are set by the law and depend on the property’s kind, area and location.

Ask for an offer +994 12 555 20 20

The front of a block of flats with balconies, seen from below

Main terms

Basis: Law on Compulsory Insurance of 24 June 2011, amended up to 2025
Price: By the legal tariff; from your registry extract we give the exact sum within an hour
Term: 1 year
Buying: At an office or by request; the policy comes by e-mail

Who it is for

People and companies that own residential or non-residential property in Azerbaijan.

Legal basis

Basis: the Law of the Republic of Azerbaijan on Compulsory Insurance (24 June 2011, No. 165-⁠IVQ), as amended up to 18 March 2025. The certificate’s form was approved by the Central Bank’s decision No. 18/4 of 12 April 2023.

What is paid

The risks listed in the law: fire, explosion, natural disasters and others
Damage to the building itself
The policy is registered in the Compulsory Insurance Bureau’s system

What is not paid

Contents: that is voluntary home insurance
Damage to the neighbours
Damage above the sum the law sets

When it happens

Make the place safe; after a fire or a collapse call 112.
Call our claims line: +994 12 555 40 40.
An assessor comes the next working day.
A decision within 10 working days of the documents.

Report a claim

Documents you need

An extract from the state property register
ID card
A certificate from the Ministry of Emergency Situations or the police
A bank account (IBAN)

Questions

Why is there no online price?

The law sets the sum insured by the property’s kind, area and location. We check your register extract and give the exact figure, so it is right the first time.

Do I also need voluntary home insurance?

If you want repairs at market prices, your belongings and damage to the neighbours covered, yes. You can buy both together.