Recently, in the Almaly district of Almaty, neighbors rescued a man from a burning apartment. The fire in Almaty destroyed all the property in the apartment, but the insurance helped the owner restore the home without debt. This case demonstrates how a policy from Halyk Insurance saves you from financial losses after disasters. Let's look at how home insurance works and what it covers.
A fire in an apartment building is a double blow: not only is your property destroyed, but neighboring apartments also suffer, and all the renovation costs fall on your shoulders. Examples show that restoration can easily cost millions of tenge, while a policy from Halyk Insurance costs from just 15 thousand tenge per year, or 0.1% of the home's value annually.
Example. Let's say there's a short circuit in your apartment's wiring, and the fire damages your kitchen. The renovation costs 2 million tenge: new cabinets, appliances, painting. You report the insured event to Halyk Insurance, and the insurance company transfers the money for restoration. If neighbors are affected (for example, 500 thousand tenge for ceiling repair), the policy covers their losses up to the limit.
Why insure your home
Home insurance protects you from expenses due to fires, flooding, or other emergencies. Even if you keep an eye on your appliances, risks remain. A leak from a neighbor or an accidental fire can damage your property. Without a policy, you pay for the repairs, and damage to neighbors can lead to conflicts.
A policy from Halyk Insurance helps you:
- Pay for repairs. Covers the restoration of the apartment (walls, floor, furniture, appliances) after a fire or flood.
- Compensate neighbors for damages. If a fire or leak in your apartment damages their property, the insurance company will resolve the issue.
- Save money. The policy costs from 15 thousand tenge per year, which is many times cheaper than post-fire repairs.