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‍1. What is it?

Home insurance is a contract that provides financial protection for your home against risks such as extreme weather, natural disasters, fires, floods, or other unfortunate incidents. In a context where these risks are becoming increasingly common, securing home insurance is a responsible choice, giving you peace of mind that, if needed, you’ll be able to cover the costs of repairs or replacement of damaged property.

‍2. What does It cover?
  • Mandatory Insurance: This covers major risks caused by natural disasters, such as earthquakes, natural floods, and landslides. While essential, this policy has limitations, covering only amounts of €10,000 or €20,000, depending on the type of home.
  • Optional Insurance: This policy offers broader protection, covering additional risks not included in the mandatory insurance, such as fires, theft, or non-natural floods. Optional insurance also allows for full cost recovery for damages, providing extra coverage for valuable items in your home and any damage caused to neighbours.

‍3. How to obtain It?
  • Check your home’s eligibility: Ensure your home can be insured, especially if it’s located in a high seismic risk area or prone to landslides. In such cases, some insurance companies may refuse to issue a policy.
  • Consult an insurance broker: A broker can offer valuable advice and suggest the appropriate amount for insuring your home, helping you avoid over-insuring.
  • Compare offers: Depending on your needs, choose between a mandatory or optional policy, considering the costs and covered risks.

4. Useful Tips
  • Choose the right coverage: A comprehensive insurance policy covering all possible risks is ideal, but if the budget is tight, you can opt for a policy that excludes certain risks to lower the cost.
  • Risk inspection: Before issuing a policy, some insurance companies may require a home inspection to assess the risks. Even if not mandatory, it’s recommended to conduct this inspection to avoid unpleasant surprises when filing a claim.
  • Exclusions and clauses: Optional insurance policies are flexible but come with exclusions, such as confiscation, expropriation, or radioactive contamination. Carefully read all clauses before signing the policy to understand exactly what risks are covered and which are not.
  • Covered events: The insurer will only pay compensation for events that are accidental and not directly influenced by your actions. If the insured event is caused intentionally or by gross negligence, you may lose the right to compensation.

1. What is it?

Home insurance is a contract that provides financial protection for your home against risks such as extreme weather, natural disasters, fires, floods, or other unfortunate incidents. In a context where these risks are becoming increasingly common, securing home insurance is a responsible choice, giving you peace of mind that, if needed, you’ll be able to cover the costs of repairs or replacement of damaged property.

2. What does It cover?
  • Mandatory Insurance: This covers major risks caused by natural disasters, such as earthquakes, natural floods, and landslides. While essential, this policy has limitations, covering only amounts of €10,000 or €20,000, depending on the type of home.
  • Optional Insurance: This policy offers broader protection, covering additional risks not included in the mandatory insurance, such as fires, theft, or non-natural floods. Optional insurance also allows for full cost recovery for damages, providing extra coverage for valuable items in your home and any damage caused to neighbors.
3. How to obtain It?
  • Check your home’s eligibility: Ensure your home can be insured, especially if it’s located in a high seismic risk area or prone to landslides. In such cases, some insurance companies may refuse to issue a policy.
  • Consult an insurance broker: A broker can offer valuable advice and suggest the appropriate amount for insuring your home, helping you avoid over-insuring.
  • Compare offers: Depending on your needs, choose between a mandatory or optional policy, considering the costs and covered risks.
4. Useful Tips
  • Choose the right coverage: A comprehensive insurance policy covering all possible risks is ideal, but if the budget is tight, you can opt for a policy that excludes certain risks to lower the cost.
  • Risk inspection: Before issuing a policy, some insurance companies may require a home inspection to assess the risks. Even if not mandatory, it’s recommended to conduct this inspection to avoid unpleasant surprises when filing a claim.
  • Exclusions and clauses: Optional insurance policies are flexible but come with exclusions, such as confiscation, expropriation, or radioactive contamination. Carefully read all clauses before signing the policy to understand exactly what risks are covered and which are not.
  • Covered events: The insurer will only pay compensation for events that are accidental and not directly influenced by your actions. If the insured event is caused intentionally or by gross negligence, you may lose the right to compensation.
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About MIB

What Our Partners Say

Over the years, MIB has consistently demonstrated professionalism, dedication, and a deep understanding of our mutual clients' needs.

Our collaboration is built on shared values such as integrity, innovation, and a commitment to providing superior quality services. MIB is not just an insurance intermediary but also a true strategic partner, increasingly contributing to the success and development of Asirom.

Madalin ROSU
CEO - Asirom Vienna Insurance Group

MIB, one of the top 10 brokers nationally, is also among the leading brokers distributing mandatory PAD policies. This not only highlights its success as a business but also under scores its significant social role in raising public awareness about the importance of financial protection for homes.

MIB achieves these results thanks to its excellent market reputation and significant presence across all counties in the country. In 2023 and 2024, MIB increased the number of distributed PAD policies by nearly 30%, making us proud to be partners.

Nicoleta Radu
General Director - PAID

Since the beginning of our collaboration in 2005, Generali Romania has enjoyed a trusted partnership with Millenium Insurance Broker.

We continue to develop this partnership daily, providing smart solutions and services that respect our clients' time and meet their financial protection needs.

Adrian Marin
CEO - Generali

OMNIASIG Vienna Insurance Group has a solid, long-standing collaboration with Millenium Insurance Broker. We have always found in them a reliable partner and a team of professionals we can count on.

Together, we work towards the development of the insurance market in Romania, delivering quality products and services to clients promptly.

Mihai Tecau
Chairman of the Board - OMNIASIG Vienna Insurance Group

A successful and lasting partnership, such as the one we have with the Millenium Insurance Broker team, is built on shared values and the desire to provide our clients with the best products and services.

Congratulations on all that you do every day for your clients, and continued success.

Calin Matei
CEO - Groupama

Insurance is about doing good—good in people’s lives, businesses, and communities. We are proud to have reliable distribution partners like Millenium Insurance Broker by our side.

We share the same dedication to service excellence and have a common mission: to build a future with fewer worries and greater prosperity in Romania. Thank you for the solid partnership and for contributing to making things better.

Virgil Șoncutean
CEO - Allianz-Țiriac Asigurări

Millenium Insurance Broker is a trusted and valuable partner for Romanian Airport Services. 

For over 10 years, they have represented us with professionalism and dedication, consistently finding comprehensive insurance solutions, both nationally and internationally.

Thanks to their efforts, our insurance protection needs have always been optimally covered.

With appreciation and gratitude,

Alexandra Huzuneanu
CEO - Romanian Airport Services

MIB is a trusted partner for the Autonom Group.

I appreciate Ștefan and his team's professionalism, promptness, and swift support.

Marius Stefan
CEO - Autonom

Millenium Insurance Broker has been our insurance service provider since 2019, right from the early days of Bright Communication. Thanks to their team of professionals and their client-focused approach, addressing the increasingly complex business needs of our industry, the relationship between our entities has evolved.  

Today, MIB is one of our main partners. And not just any partner, but the one that protects us from risks.

Jeni Grigorescu
General Director - Bright Communication

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