Your insurance policy is linked to your credit card, and the premiums are collected therefrom. If your credit card has a sufficient balance, then premium collections are performed automatically.
As per the new Law on Disaster (Catastrophe) Insurances, the Compulsory Earthquake Insurance is a requirement for water and electricity subscriptions as of 18 August 2012.
All kinds of movable assets, belongings, and the like
Wreck removal expenses, profit loss, business interruption, rent loss, expenses regarding alternative residence and business premises, financial liabilities, and other indirect or direct losses that may be claimed