In Polish: Ubezpieczenie nieruchomości
This is the word you will see in bank documents.
Definition
Property insurance for a mortgage is a policy against fire and other random events, such as flooding, explosion or storm, covering the structure of the flat or house. In practice every bank requires it before the payout and for the whole repayment period. You assign the rights under the policy to the bank (cesja).
What it means for you
This is the only insurance you must have with every Polish mortgage. For a flat it usually costs a few hundred złoty a year, more for a house, and must be renewed every year. If the bank does not receive a new policy with an assignment, the agreement usually allows it to raise the margin or insure the property at your cost.
Full entry in Polish, with a worked example and sources
Frequently asked questions
Is home insurance compulsory with a mortgage?
In practice, yes. Every bank requires a policy against fire and other random events, assigned to the bank, for the whole loan term.
How much does home insurance for a mortgage cost?
For a flat usually a few hundred złoty a year, depending on value, location and scope. A house costs more.
Do I have to buy property insurance at the bank?
No. The bank must accept a policy from any insurer if it meets the minimum scope required in the agreement.
Related terms
Definitions are simplified and reflect Polish law and bank practice as of October 2026. Where every word matters, the Act and your loan agreement decide. Figures in examples are indicative and are not a bank offer. The Polish version of each entry has worked examples and sources.
Other terms in “Loan costs and insurance”