Insure your property in Budapest through Tower

When letting out an apartment as a business or investment it is important that your contents are insured and that you are covered against fire, theft and for public liability. This very much applies in Budapest, particularly as tenants will change on average every 12 months. Also if you will take out a mortgage on the property then the bank will insist that you have insurance in place.

Tower employs an in-house mortgage broker who is qualified to find the best insurance solution for your property and is on-hand should you ever need to make a claim.

There is a difference in Budapest between the condominium insurance and the insurance on your property. Condominium insurance is that which is taken out by the building. It varies depending on building type , for example newly built building will generally have more comprehensive insurance than older ‘classical’ buildings. Condominium insurance can include cover for the corridors, elevators, stairways and structural.

Tower recommends what we call ‘all inclusive’ insurance to ensure that the property will not be underinsured. We advise on different packs but essentially this insurance includes: fire, theft, weather damage, windows, pipe bursts, floods, public liability etc.

For a no obligation insurance quote contact Tower today.