{"id":58451,"date":"2023-08-08T14:06:05","date_gmt":"2023-08-08T12:06:05","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=58451"},"modified":"2023-08-08T14:06:05","modified_gmt":"2023-08-08T12:06:05","slug":"property-insurance-to-become-mandatory-here-is-the-formula-to-calculate","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/","title":{"rendered":"Property insurance to become mandatory, here is the formula to calculate"},"content":{"rendered":"<p>An apartment can now be insured for damages from fire, explosion, lightning, and earthquake.<\/p>\n<p>Depending on the option chosen by citizens, the price for partial or full insurance ranges from 3,500 to 10,000 Albanian lek.<\/p>\n<p>The formula to calculate the policy is linked to the area where the house is located and its size, which means that the premium can be more expensive or cheaper.<\/p>\n<p>However, the price for a 100 square meters apartment reaches 5,000 Albanian lek.<\/p>\n<p>Home insurance has been voluntary, but an earlier proposal aims to make it mandatory only for earthquake damages.<\/p>\n<p>The draft law does not specify a price, but reference prices offered by insurance companies show that families will pay around 5,000 Albanian lek per year for their apartment.<\/p>\n<p>With this proposal, old buildings made of clay or bricks, structures with fiber-cement panels, and buildings with movable foundations will not be covered.<\/p>\n<p>The obligation to purchase earthquake insurance also applies to social housing units for rent and housing units in the legalization process.<\/p>\n<p>For needy social strata, the premiums will be covered by the state budget.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An apartment can now be insured for damages from fire, explosion, lightning, and earthquake. Depending on the option chosen by citizens, the price for partial or full insurance ranges from 3,500 to 10,000 Albanian lek. The formula to calculate the policy is linked to the area where the house is located and its size, which [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":58453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[2795,337,1983,1470,3166,243,151,505,3773,1082],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property insurance to become mandatory, here is the formula to calculate - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property insurance to become mandatory, here is the formula to calculate - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"An apartment can now be insured for damages from fire, explosion, lightning, and earthquake. Depending on the option chosen by citizens, the price for partial or full insurance ranges from 3,500 to 10,000 Albanian lek. The formula to calculate the policy is linked to the area where the house is located and its size, which [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/\" \/>\n<meta property=\"og:site_name\" content=\"Euronews Albania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/euronews.al\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T12:06:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"959\" \/>\n\t<meta property=\"og:image:height\" content=\"639\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Euronews Albania\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:site\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Euronews Albania\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/\"},\"author\":{\"name\":\"Euronews Albania\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d\"},\"headline\":\"Property insurance to become mandatory, here is the formula to calculate\",\"datePublished\":\"2023-08-08T12:06:05+00:00\",\"dateModified\":\"2023-08-08T12:06:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/\"},\"wordCount\":188,\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg\",\"keywords\":[\"damage\",\"earthquake\",\"explosion\",\"fire\",\"insurance\",\"kryesore 1\",\"Kryesoret\",\"law\",\"lightning\",\"property\"],\"articleSection\":[\"Albania\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/\",\"url\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/\",\"name\":\"Property insurance to become mandatory, here is the formula to calculate - Euronews Albania\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg\",\"datePublished\":\"2023-08-08T12:06:05+00:00\",\"dateModified\":\"2023-08-08T12:06:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#primaryimage\",\"url\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg\",\"contentUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg\",\"width\":959,\"height\":639,\"caption\":\"A building devastated by the November 26, 2019 earthquake in Durr\u00ebs, Albania.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/euronews.al\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Property insurance to become mandatory, here is the formula to calculate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/euronews.al\/en\/#website\",\"url\":\"https:\/\/euronews.al\/en\/\",\"name\":\"Euronews Albania\",\"description\":\"Top stories in Albania, Kosovo and the Balkans\",\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/euronews.al\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/euronews.al\/en\/#organization\",\"name\":\"Euronews Albania\",\"url\":\"https:\/\/euronews.al\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2020\/09\/logo-mobile-euronews-albania-1.png\",\"contentUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2020\/09\/logo-mobile-euronews-albania-1.png\",\"width\":280,\"height\":33,\"caption\":\"Euronews Albania\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/euronews.al\/\",\"https:\/\/x.com\/euronewsalbania\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d\",\"name\":\"Euronews Albania\",\"sameAs\":[\"http:\/\/euronews.al\"],\"url\":\"https:\/\/euronews.al\/en\/author\/xhoi\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Property insurance to become mandatory, here is the formula to calculate - Euronews Albania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/","og_locale":"en_US","og_type":"article","og_title":"Property insurance to become mandatory, here is the formula to calculate - Euronews Albania","og_description":"An apartment can now be insured for damages from fire, explosion, lightning, and earthquake. Depending on the option chosen by citizens, the price for partial or full insurance ranges from 3,500 to 10,000 Albanian lek. The formula to calculate the policy is linked to the area where the house is located and its size, which [&hellip;]","og_url":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/","og_site_name":"Euronews Albania","article_publisher":"https:\/\/www.facebook.com\/euronews.al\/","article_published_time":"2023-08-08T12:06:05+00:00","og_image":[{"width":959,"height":639,"url":"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg","type":"image\/jpeg"}],"author":"Euronews Albania","twitter_card":"summary_large_image","twitter_creator":"@euronewsalbania","twitter_site":"@euronewsalbania","twitter_misc":{"Written by":"Euronews Albania","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#article","isPartOf":{"@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/"},"author":{"name":"Euronews Albania","@id":"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d"},"headline":"Property insurance to become mandatory, here is the formula to calculate","datePublished":"2023-08-08T12:06:05+00:00","dateModified":"2023-08-08T12:06:05+00:00","mainEntityOfPage":{"@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/"},"wordCount":188,"publisher":{"@id":"https:\/\/euronews.al\/en\/#organization"},"image":{"@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#primaryimage"},"thumbnailUrl":"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg","keywords":["damage","earthquake","explosion","fire","insurance","kryesore 1","Kryesoret","law","lightning","property"],"articleSection":["Albania"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/","url":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/","name":"Property insurance to become mandatory, here is the formula to calculate - Euronews Albania","isPartOf":{"@id":"https:\/\/euronews.al\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#primaryimage"},"image":{"@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#primaryimage"},"thumbnailUrl":"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg","datePublished":"2023-08-08T12:06:05+00:00","dateModified":"2023-08-08T12:06:05+00:00","breadcrumb":{"@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#primaryimage","url":"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg","contentUrl":"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/08\/durres-pallati-i-shkaterruar.jpg","width":959,"height":639,"caption":"A building devastated by the November 26, 2019 earthquake in Durr\u00ebs, Albania."},{"@type":"BreadcrumbList","@id":"https:\/\/euronews.al\/en\/property-insurance-to-become-mandatory-here-is-the-formula-to-calculate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/euronews.al\/en\/"},{"@type":"ListItem","position":2,"name":"Property insurance to become mandatory, here is the formula to calculate"}]},{"@type":"WebSite","@id":"https:\/\/euronews.al\/en\/#website","url":"https:\/\/euronews.al\/en\/","name":"Euronews Albania","description":"Top stories in Albania, Kosovo and the Balkans","publisher":{"@id":"https:\/\/euronews.al\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/euronews.al\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/euronews.al\/en\/#organization","name":"Euronews Albania","url":"https:\/\/euronews.al\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/euronews.al\/en\/#\/schema\/logo\/image\/","url":"https:\/\/euronews.al\/en\/wp-content\/uploads\/2020\/09\/logo-mobile-euronews-albania-1.png","contentUrl":"https:\/\/euronews.al\/en\/wp-content\/uploads\/2020\/09\/logo-mobile-euronews-albania-1.png","width":280,"height":33,"caption":"Euronews Albania"},"image":{"@id":"https:\/\/euronews.al\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/euronews.al\/","https:\/\/x.com\/euronewsalbania"]},{"@type":"Person","@id":"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d","name":"Euronews Albania","sameAs":["http:\/\/euronews.al"],"url":"https:\/\/euronews.al\/en\/author\/xhoi\/"}]}},"_links":{"self":[{"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/posts\/58451"}],"collection":[{"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/comments?post=58451"}],"version-history":[{"count":0,"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/posts\/58451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/media\/58453"}],"wp:attachment":[{"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/media?parent=58451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/categories?post=58451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euronews.al\/en\/wp-json\/wp\/v2\/tags?post=58451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}