Home Insurance
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Home insurance in Greece: sums insured, deductibles and costly mistakes
A good home insurance policy is not just about the lowest price. It’s a combination of coverage limits, terms, exclusions and (where applicable) deductibles. Choosing the “more affordable with deductibles” option can make sense, but you should know the amount you would pay out of pocket in each claim. On the other hand, “no deductibles” typically costs more and is not always available for every coverage.
The most common issue in the market is incorrect sums insured. With underinsurance, in a major loss the claim settlement can be reduced proportionally. With overinsurance, you pay higher premium without being entitled to more than the actual damage. That’s why sums insured should be realistic (typically rebuild cost for the building and a sensible valuation for contents).