Piraeus Home Insurance

Home insurance from Piraeus Bank offered in partnership with ERGO Insurance. It covers the building and contents of your home against potential risks and offers you useful benefits.
TYPE OF COMPENSATION
/ BENEFITS
  • Key coverage includes fire insurance for the building and contents of your home
  • Additional coverage includes comprehensive protection for your property depending on the insurance plan you choose
DURATION
1 year

With an option to renew
PREMIUM PER YEAR
From€69
OTHER FEATURES
  • Insurance at "new for old" value
  • Interest-free premium instalments
  • Fast and transparent claims procedures

How you benefit

Damage restoration at "new for old" value

In the case of damage caused to the building or contents of your home by one of the risks covered, the compensation you receive is calculated based on the amount it costs to rebuild “as new” or to replace items with new ones of the same standards and performance at the time of the loss in the same location.


Low interest-free premium instalments

Piraeus Home Insurance is available at very affordable rates. Use any Piraeus Bank credit card to pay your premiums in up to 12 interest-free monthly instalments.


Insurance tailored to your needs

Piraeus Home Insurance offers basic and optional forms of coverage that can be combined in 2 insurance plans. Simply choose the plan that suits your needs, preferences and pocket. Earthquake coverage can also be added to all plans. For the Piraeus "Katoiko" plan, theft is covered without you having to provide a list of the contents in your home. Insure your holiday house with the specially designed insurance plan offered.


Discount based on the sum insured

Piraeus Home Insurance gives you a discount on the Basic Home and Ideal Home insurance plans, based on the overall insured capital. The discounts available are shown in the table below.


For owners and tenants

Piraeus Home Insurance protects the contents of your home whether you are the owner or tenant.


Contracts issued immediately

The insurance process is simple and easy. It takes no time to get from insurance quote to having the contract issued and paid for. Then simply pick up your policy at the branch of Piraeus Bank that suits you.

Coverage

The coverage available in the Piraeus Home Insurance plans is offered in line with the general and special terms of your policy :


Basic coverage Piraeus Basic Home Piraeus Ideal Home
Fire, fire caused by lightning, exploding appliances and facilities, airplane crashes
    
    
Forest fire
    
    
Collision with third party vehicles
    
    
Damage caused by explosion, terrorist acts, civil commotions, strikes, riots
    
    
Falling trees, lamp-posts
    
    
Flood, tempest, storm, snow, weight of snow, hail, frost
         
Glass breakage (windscreens)
         
Theft
         
Damage to building due to theft
         
Removal of rubble
    
    
Third party civil liability arising from a covered risk
         
Bank safe deposit box
         
Personal accident
         
Leaking pipes and sewers
         
Water pumping costs
         
Short-circuits due to fire
         
Loss of rent
         
Cost of works to investigate water damage
         
Damage minimisation costs
         
Relocation costs
         
Damage to solar water heater as a result of covered risk
         
Damage to objects located on the outside of the building
         
Jewellery
(in a built-in safe)
         
Family civil liability
         
Food spoilage
         
5% Leeway clause
    
    



Example of premiums payable

100 m2 apartment Piraeus Basic Home Piraeus Ideal Home
Insured capital for building shell
  100.000€   100.000€
Contents insured capital
  25.000€   25.000€
Total annual premiums
  69€   121€


These premiums have been computed without earthquake coverage.


100 m2 apartment Piraeus Basic Home Piraeus Ideal Home
Insured capital for building shell
  100.000€   100.000€
Contents insured capital
  25.000€   25.000€
Total annual premiums
  239€   291€


These premiums have been computed to include earthquake coverage.


Discounts available
Total sum insured Discount
Up to 50.000€
  0%
From 50.001€ to 100.000€
  10%
From 100.001€ to 150.000€
  15%
From 150.001€ to 200.000€
  20%
From 200.001€ to 800.000€
  25%

Deductibles

Maximum deductible

Piraeus Home Insurance sets a maximum deductible so you know from the outset how much you will have to pay out in the case of damage or loss. The deductible depends on the coverage you have and the risks insured:



Piraeus Basic insurance plan

  • For all forms of coverage (apart from fire) – 10% of the damage up to a maximum deductible of €750
  • For earthquake coverage – 2% of the insurance value for each instance of damage


Piraeus Ideal insurance plan
  • For earthquake coverage – 2% of the insurance value for each instance of damage

Conditions

Building specifications

Piraeus Home Insurance only offers you cover if the building meets these requirements:


  • The flat roof of the building is made of reinforced concrete or decorative tiles or the roof consists of ceramic tiles on a wooden frame
  • The walls are made of brick
  • The building was constructed after 1960 (the condition applies only to optional earthquake coverage)


Maximum insured capital

Piraeus Home Insurance only covers you if the total insured capital does not exceed €800,000.