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Liability of Tenants of Residential Property, Shops, Offices, etc. in Bulgaria

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Liability of Tenants of Residential Property, Shops, Offices, etc. in Bulgaria

The insurance is designed for natural and legal persons that have signed an agreement under which they rent someone else’s immovable property – residential property, shops or offices. The subject matter is the tenant’s (leaseholder’s) liability.

The insurance cover includes:

  • the sums which the Policyholder, in their capacity of tenant, is legally obliged to pay as compensation for caused material and non-material damages to the owner/landlord and/or third parties
  • the sums which the Policyholder is obliged to pay for damages caused by persons working under their management or on their behalf, including family members, while executing any activities or function stipulated in the policy
  • the expenses which the Policyholder advisably incurred for limiting the damages
  • legal expenses.

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