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Tenant Insurance

What does the term 'sum insured' mean?

What does the term 'sum insured' mean?

The sum insured represents the upper limit of the insurer's liability. This means that if we have tenant liability insurance with a sum insured of 50,000 PLN and the damages are assessed at a higher amount, the insurer will pay a maximum of 50,000 PLN. Increasing the sum insured does not significantly impact the premium, so it is worth considering bundles that include a higher sum insured.

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Simpl Ltd. with its registered office in Kraków, Piwna Street 25/20, 30-527 Kraków, registered by the District Court for Kraków Śródmieście, XI Commercial Division of the National Court Register, KRS: 0000809392, share capital: PLN 23,550.00, Tax Identification Number (NIP): 6793191362.