Property insurance — Richard Ondřich

If you own a property, you need property insurance — and if you have a mortgage, your bank requires it. The question isn't whether to insure, but how to insure smartly.

I compare offers from Czech insurers (Česká spořitelna, Allianz, Kooperativa, Generali, ČSOB Pojišťovna, UNIQA, Direct and others) and recommend the one that gives you proper coverage without padding.

What I insure

Real estate — walls, roof, windows, plumbing, built-in appliances
Household contents — furniture, electronics, clothing, personal items
Liability — damage you cause to third parties (e.g. flooding neighbours)
Legal expenses — help with claims and recovery from third parties

Common pitfalls I help avoid

Insurance that pays only "time value" instead of "new value" — your 10-year-old sofa gets replaced with a 10-year-old sofa's worth, not a new one
Missing coverage for floods and natural disasters in risk areas
Low liability limits that don't cover real damage amounts
Overlapping coverage with your car insurance or other policies