Just as in most countries, protecting your investment with the right insurance is essential. Italian property insurance (assicurazione casa) helps cover damage, liability, and unexpected events that could otherwise become costly and stressful.
If you are new to the system, don’t worry. This article explains the main types of insurance available, what to consider before signing a policy, and how it connects with legal and practical aspects of owning a property in Italy (for broader context, see our article: How to Buy a Property in Le Marche: A Step-by-Step Guide).
Why Property Insurance Matters in Italy
Although not always legally required, property insurance is highly recommended. Italy has diverse risks: earthquakes in central regions, flooding near rivers, and occasional landslides in hilly areas. Even in calm zones, fire, theft, and liability claims are always possible.
Home insurance protects both residents and second-home owners. For foreigners buying in Italy, it also provides peace of mind when the property is vacant for long stretches.
Main Types of Property Insurance
1. Building Coverage (Fabbricato)
This covers structural damage to the building itself, such as walls, roof, floors, and permanent fixtures. It typically includes risks like fire, lightning, explosion, and sometimes natural disasters. If you own a condo unit (appartamento in condominio), the condominium association usually has a master policy, but you still need coverage for your unit’s interiors and liabilities.
2. Contents Coverage (Contenuto)
This protects furniture, appliances, and personal belongings against theft, fire, or water damage. Foreign buyers often overlook this part, but it is essential if the house is furnished or used frequently.
3. Liability Coverage (Responsabilità Civile)
This protects you if someone gets injured in your home or on your property. For example, if a guest slips on the stairs or a roof tile falls and damages a neighbor’s car, liability insurance can cover the costs.
4. Natural Disaster Riders
Standard Italian policies often exclude earthquakes, floods, and landslides. If your property is in Le Marche or nearby regions, where seismic activity is a concern, adding an earthquake rider is strongly advised.
How to Choose the Right Policy
- Check regional risks: An inland farmhouse may need earthquake and landslide protection, while a coastal apartment might benefit more from flood coverage.
- Compare deductibles and limits: Premiums may look cheap until you read the fine print. Ask about deductibles and maximum payouts.
- Bundle policies: Many Italian insurers offer packages combining home, contents, and liability. Bundling can reduce costs.
- Language support: If you are not fluent in Italian, request bilingual policies or work with a broker who explains the details in English.
For context on budgeting beyond insurance, read our guide on Financing Your Property Purchase and Renovation in Italy.
Costs of Property Insurance in Italy
Premiums vary depending on location, property size, construction type, and risk factors. As a rough estimate:
- Small apartments in urban centers: €150–€250 per year.
- Country homes or farmhouses: €300–€600 per year (more with earthquake riders).
- Large villas or high-value properties: €700+ per year.
These figures are modest compared to the potential costs of structural damage or liability claims.
How Insurance Works During a Purchase
If you buy an existing property with a mortgage, banks usually require proof of insurance before finalizing the loan. Even without a loan, many buyers take out a policy as soon as they sign the final deed (rogito) with the notaio.
Tip: Always notify the insurance company if you plan renovations. Construction work can increase risk temporarily, and failing to declare it might void your coverage. (Related: Common Mistakes to Avoid When Buying and Restoring Property in Italy).
Practical Challenges for Foreign Buyers
- Finding the right insurer: Not all companies are comfortable dealing with foreign clients.
- Policy management: Some require Italian bank accounts for automatic payments.
- Understanding exclusions: Italian policies can be narrower than in some other countries, making it crucial to read terms carefully.
A good approach is to ask local property consultants or notaries for insurer recommendations.
✅ Key Takeaway
Italian property insurance is not mandatory in every case, but it is essential if you want true peace of mind. From basic fire and theft coverage to liability and natural disaster riders, the right policy ensures that your Italian dream home remains safe and financially protected.