Why Should You Insure Your Home?

A home is not just an investment, but also a place where we feel safe, relax, raise our children, and accumulate valuable possessions. However, even in the safest apartment building or the best-maintained single-family home, there are risks that can lead to significant financial losses. Home insurance is one of the most reliable ways to protect your property from unexpected disasters.

What is home insurance?

Home (or residential) insurance covers several main categories of coverage:

• Building or Premises Insurance: walls, roof, floors, structural elements, fixed components.

• Homeowners Insurance: furniture, home appliances, clothing, equipment.

• Civil Liability Insurance: when damage is caused to a third party (e.g., a neighbor's home is flooded).

This insurance applies to apartments as well as private homes, cottages, summer homes, and even garden sheds or garages.

What risks does home insurance cover?

🔥 Fire

A fire is one of the most devastating disasters, capable of destroying all your property in a matter of minutes. Insurance covers the costs of reconstruction, repairs, temporary housing, and even the loss of property value.

💧 Water Damage

Burst pipes, leaky roofs, and improperly connected household appliances can cause a great deal of damage. This is one of the most common insurance claims.

❄️ Natural Disasters

Storms, floods, hail, and lightning strikes—these are natural phenomena for which no one is responsible, but insurance can cover the losses.

🚪 Theft and Vandalism

Even in a safe neighborhood, a break-in can occur. Damaged doors, stolen belongings, and a ransacked home can result in significant financial loss.

⚠️ Random events

A window broken by a child, a car crashing into the building's facade, and even damage caused by animals can be insured.

👥 Civil Liability

When water leaks from your apartment and damages your neighbors’ ceilings or floors, you are liable for the damage caused. Such situations are one of the most common reasons for filing an insurance claim.

What can be insured?

• Buildings: walls, roofs, partitions, plumbing fixtures, etc.

• Domestic Assets: furniture, electronics, and other items.

• Valuable items: works of art, jewelry (as agreed).

• Shared Elements: glass, doors, facades.

Insurance Packages and Options

Insurance companies typically offer different packages:

• Minimum: natural disasters, fire.

• Average: + accidental damage, civil liability.

• Maximum: all-risk insurance.

The choice depends on where you live, the value of your property, and your personal security needs.

When is home insurance necessary?

• When Taking Out a Mortgage (Required)

• When Renting a Home

• During renovations

• When living in an apartment building, especially above other residents

What do you need to have in order to get insurance?

• Personal Identification Number

• Property Address

• Extract from the Registry Center

• Security system information (alarm systems, cameras)

• Desired insurance coverage amount or valuation based on square footage

Why should you use Draudykle.lt?

Draudykle.lt lets you do the following all in one place:

• Compare all offers

• Find out which insurance policies are most relevant to you

• Choose an insurance package that suits your needs

• Get a personalized offer quickly and efficiently

By using Draudykle.lt, you can find not only the best price but also the best solution for protecting your home.