Mandatory Home Owners Insurance

11th International Conference Financial and Monetary Stability in Emerging Countries, DECEMBER 10-11, 2010

875 Pages Posted: 24 Mar 2015

See all articles by Marius Gavriletea

Marius Gavriletea

Babes-Bolyai University, Business Faculty

Aura Moga

Babes-Bolyai University - Faculty of Economics and Business Administration

Date Written: March 23, 2015

Abstract

Floods in recent years, earthquakes, aging housing stock and the level of housing optional insurance coverage are factors that have led the authorities to initiate mandatory housing insurance system, out of fear of more devastating natural events. The study examines the current state of the system of mandatory home insurance in Romania, operating principles, sustainability, evolution compared with other European Union states, the insurer’s perspective and influences involved in the system.

Keywords: mandatory insurance, PAID, covered risks

JEL Classification: G22, G28, Q54

Suggested Citation

Gavriletea, Marius and Moga, Aura, Mandatory Home Owners Insurance (March 23, 2015). 11th International Conference Financial and Monetary Stability in Emerging Countries, DECEMBER 10-11, 2010, Available at SSRN: https://ssrn.com/abstract=2584032

Marius Gavriletea (Contact Author)

Babes-Bolyai University, Business Faculty ( email )

Horea 7 street, Cluj-Napoca
67 Iuliu Maniu street, Sighetu Marmatiei
RO-3400 Cluj-Napoca, Cluj 435500
Romania

HOME PAGE: http://tbs.ubbcluj.ro/en/

Aura Moga

Babes-Bolyai University - Faculty of Economics and Business Administration ( email )

Str Teodor Mihali, Nr.58-60
Cluj-Napoca, RO- 400591
Romania

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