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Housing Insurance In Romania

Author

Listed:
  • FLOREA IANC MARIA MIRABELA

    (UNIVERSITY "CONSTANTIN BRANCUSI" FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, ROMANIA)

  • LAPADUSI MIHAELA LOREDANA

    (UNIVERSITY "CONSTANTIN BRANCUSI" FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, ROMANIA)

Abstract

Last few years have shown that Romania is not protected from the consequences of climate change. It is clear that type flood events may cause social problems and losses is difficult financing from public resources, especially in the context of the existence of budget constraints. The only viable system to cope with such disasters is insurance system that has the ability to spread risks by reinsurance Natural disasters - earthquakes, floods, landslides - are just some of the risks that may threaten your home. And if natural disasters can seem distant danger, think as fires, floods caused by broken pipes or theft of household goods are trouble can happen anytime to anyone. To protect yourself in such unpleasant situations, whose frequency is unfortunately on the rise, it is necessary to be assured. Thus, you will be able to recover losses in the event that they occur. The house is undoubtedly one of the most important assets we own. Therefore, the Romans began to pay increasingly more attention to domestic insurance products. Since 2011, voluntary home insurance, life insurance with, were the most dynamic segments of the market.

Suggested Citation

  • Florea Ianc Maria Mirabela & Lapadusi Mihaela Loredana, 2014. "Housing Insurance In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 181-184, December.
  • Handle: RePEc:cbu:jrnlec:y:2014:v:6:p:181-184
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