Apartment Insurance Contract

An Apartment Insurance Contract is a legal agreement between an insurance provider and an apartment owner (or tenant) that protects against risks such as fire, explosion, theft, water damage, and natural disasters. It defines the scope of coverage, insured value, premium rates, claim procedures, exclusions, rights and obligations of the parties, and dispute resolution. This contract helps secure property value, minimize financial loss, and provide peace of mind for residents. From 2022–2024, Vietnam’s urban housing sector expanded rapidly, with over 100,000 new apartments launched annually, increasing demand for property insurance. Forecasts for 2025–2030 suggest 10–12% annual growth in apartment insurance contracts, driven by urbanization and stricter safety awareness. Download the standard Apartment Insurance Contract template and receive expert consultation with step-by-step drafting guidance via hotline 0977 523 155.