Apartments are exposed to a wide variety of risks and therefore one of the popular insurance policies in Israel is apartment insurance. This article will review the main issues that have to be taken into consideration when taking out apartment insurance.
What does apartment insurance include? The insurance covers three main elements: Structure insurance: Insures the structure itself, as well as anything attached permanently to the structure such as heating and plumbing installations, built-in closets, pergolas and so forth. The cost of the insurance is determined as the rebuilding value of the structure. Contents insurance: Insures the mobile accessories in the home (furniture, decorative items, clothing and contents of closets, and of course valuables such as jewelry, and Jewish ritual objects).
Third party liability: Insurance that covers the liability of the insured to a third party to any person that does not reside in the house that may be injured by the insured. The insurance covers the household workers.

6. It is important to comply with the requirements of the insurance companies to install security measures such as alarm systems, bars or a safe, which might constitute a pre-condition for burglary coverage and/or following a burglary.

The author is a client portfolio manager at the American desk (Centurion Desk) at El-Ad Insurance Agency Ltd. kiel@el-ad.co.il.
El-Ad Insurance Agency Ltd.
“It is challenging to provide service, and we are happy to take on the challenge for more than 50 years.” We are one of the largest insurance agencies operating for many years in Jerusalem and providing services to thousands of English speakers via out American desk (Centurion Desk). www.el-ad.co.il
kiel@el-ad.co.il
+972-2-6228555