Property Insurance

   Comfortable life in the insured city.

   Everyone has the right to live happily, enjoy their house, garden, business object they have earned for years. It is very difficult to anticipate any accident, but it is a social duty to eliminate its consequences. Raising the fallen, helping those in need and showing compassion are among the values of every Azerbaijani. Based on these values, PASHA Insurance calls on all citizens to insure their property.

   Advantages of being insured at PASHA Insurance:

• Insurance coverage from a reliable and leading insurance company in Azerbaijan;
• Prompt payment of damages;
• 24-hour customer service.

Why should you insure your property?

Floods, mudslides, fires, lightning strikes, especially earthquakes (due to the country's tectonic zone), landslides and other natural disasters are not uncommon in Azerbaijan. In order to be insured against such loss-bearing events, it is very important to have get a compulsory insurance for your property, because your home is the most important one among your asset.

Compulsory insurance premiums, insurance and deductible amounts for residential houses and apartments

For real estate located in Baku:

For real estate located in Ganja, Nakhchivan or Sumgait:

For real estate located in other regions:

   Incidents listed below that caused damage, destruction or loss of a property in any ways are covered by insurance:

• Fire, lightning;
• Explosion of gas used in domestic or industrial environment;
• Short circuit in electrical wires;
• Explosion of steam boilers, gas storages, gas pipelines, machines, apparatus and other similar devices;
• Flooding, water, heating, sewage and fire extinguishing system failures;
• Dropping, throwing, hitting, falling, discharging of any object and its parts;
• Collision of a ground vehicle;
• Earthquakes, volcanoes, storms, hurricanes, storms, hail, floods, landslides, torrential rains and other natural disasters;
• Illegal actions of a third party / persons.

   Any damage, destruction or loss of property caused by the incidents listed below are not covered by an insurance policy:

• Actions of the Insured or Beneficiary person aimed at the intentional occurrence of the event;
• Damage to the insured property as a result of the effect of the production flame applied for repair, processing or other production purposes, or in the absence of fire, as a result of a heat;
• Theft of any part of the property during or after the incident;
• Changes in groundwater levels;
• Water leakage from pipes or reservoirs as a result of frost, wear, corrosion, gradual deterioration, repair, relocation or increase of capacity of pipes and reservoirs.

   Law on Compulsory Property Insurance:

   Compulsory real estate insurance is provided for in Chapter II of the Special Section of the Law of the Republic of Azerbaijan “On Compulsory Insurance”. According to Article 35.2 of the Law on Compulsory Insurance, insurance of buildings, residential and nonresidential areas, houses and buildings, apartments, as well as state property, the list of which is determined by the relevant executive authority, is compulsory. According to the Decree of the President of the Republic of Azerbaijan Ilham Aliyev dated December 28, 2014, relevant amendments were made to the “Regulations on Local Executive Powers”, ​​and control over compulsory insurance of apartments was entrusted to the Municipalities in accordance with the Law of the Republic of Azerbaijan “On Compulsory Insurance”. Residential buildings / apartments built in places not permitted by the legislation of the Republic of Azerbaijan, whose demolition has been decided by state or local self-government bodies, whose construction has not been completed and which are in an emergency condition are not subject for a compulsory insurance.