Optional insurance includes policies you may choose on your personal or professional needs. In addition to mandatory insurance for both individuals and legal entities, you have access to a range of optional insurance options that increase safety and protection. Below, we explain what optional and mandatory insurance policies are, when you need them, and in which situations you can add extra protection.
You don’t need this insurance
A good broker will tell you: you don’t need this insurance in this form.
A professional insurance broker will analyze your needs and clearly explain, in a way you can understand, what options are available to you: which risks are covered, which are not, and what exclusions exist. They will ask about your situation, your home, car, family, plans, and children to recommend what truly makes sense for you. He will be authorized by ASF and work with all major authorized insurers, so he can present the real differences between policies, not just the prices.
A professional broker will not choose for you, but will choose together with you what is appropriate according to your plans. In addition, they stay by your side even after the sale, remaining available for any questions you may have or to help you in the event of a claim.
Types of optional insurance
It is important to speak with a broker who explains, not just sells. Many optional insurance policies can create confusion in certain situations simply because of the misunderstanding that they cover everything.
The most commonly requested optional insurance policies are:
- Casco (comprehensive car insurance)
- Optional home insurance
- Private health insurance
- Life insurance
- Accident insurance
- Travel insurance
- Property insurance
- Private pension insurance
- Civil liability insurance
- Pet insurance
- Private medical insurance
Mandatory vs. optional insurance
The differences between mandatory and optional insurance are clearly defined and, in most cases, they complement each other. Mandatory insurance is required by law, and failure to comply results in sanctions such as fines or penalties.
On the other hand, optional insurance provides additional protection, is chosen at each person’s discretion, carries no penalties if not purchased, and offers options and premiums that vary depending on risk. Moreover, compensation can be higher and more diverse.
Mandatory insurance in Romania:
- RCA (motor third-party liability insurance)
- PAD (mandatory home insurance)
- Professional civil liability insurance (for certain professions)
- CAS (health insurance)
- Pillar I pension
- Unemployment insurance
- Work accident insurance
- Insurance for aggressive and dangerous dogs
You need the insurance that’s right for you
Talk to your Destine broker about what is best for you. There are insurance policies that are not worth the money. For example, a life insurance policy without serious covered risks, where you may pay for years but receive insignificant compensation. Or “savings” insurance policies with low returns that are not worthwhile, where inflation eats away at your money, or the funds remain locked in for a long time.
Regardless of income or plans, safety is what matters most.
Without it, any financial growth is vulnerable; make a priority of:
- Financial protection
- Medium- and long-term financial growth
Any broker can tell you about all optional insurance policies, but a professional broker will present what is truly best for you. Each person needs a personalized solution; there is no „one-size-fits-all” product in insurance.