Mandatory nature of real estate insurance should be eliminated - Samir Aliyev

17:19 - 7.01.2020


January 7, Fineko/abc.az. Expert economist Samir Aliyev expressed his attitude towards the issue of discontent about compulsory housing insurance.

ABC.AZ reports that according to the expert, this decision violates the constitutional right of citizens and the mechanism of fines will not operate, and however, the law obliged the owners to insure their homes: "Otherwise, they will be fined. People who are not aware of the processes don’t know what to do. Insurance companies keep people under psychological pressure. Of course, we state that apartment insurance is recommended, but we also note that it is voluntary. The Central Bank must urgently intervene in this matter. The activities of insurance companies have already been entrusted to this organization. The process should be frozen until the activity of the new parliament begins. Then it is needed to exclude the obligation to insure real estate."

 

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