Why Insurance Matters and What Types of Insurance Exist in the Republic of Moldova
Automatically translated summary. The full text is available in Romanian.
An information note produced under the National Financial Education Campaign, implemented by the National Bank of Moldova and Expert-Grup, explains why insurance matters. It describes the main types of insurance available in the Republic of Moldova (health, home, motor and life) and the benefits each offers consumers.
Health insurance covers medical costs and can fill gaps left by compulsory state insurance, which does not cover everything. Home insurance protects property and belongings against fire, earthquakes, floods, theft and other risks, as well as civil liability, yet only 2-3% of homes in Moldova are insured, usually those bought with loans.
Motor insurance includes compulsory domestic liability (RCA) and external liability (Green Card), while CASCO is voluntary. Motor policies account for over 60% of all insurance premiums in Moldova. Life insurance runs for decades and in Moldova combines additional income at maturity with accident cover. The note lists the benefits of insurance: financial protection, less stress, risk mitigation and stability. It concludes that insurance is an investment in the future, not a cost, and that understanding the options supports informed decisions.
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