Starting in 2030, Kazakhstan plans to require citizens to insure their homes annually — the new measure will affect apartment and house owners, with residents of Almaty, Shymkent, and Zhambyl Region feeling the impact first, infohub.kz reports.

The initiative introduces mandatory home insurance against earthquakes, floods, inundations, and forest fires. To obtain coverage, property owners will have to sign a contract with the Mandatory Home Insurance Fund.

The cost of the policy is expected to range from 0.5 to 5 monthly calculation indices (MCI). Payouts will depend directly on the damage caused by the natural disaster: if the home is damaged, the payment will be 250 times the insurance premium; if it is destroyed, 500 times the premium.

According to the Krisha portal, mandatory home insurance is expected to launch in 2030, starting in Almaty, Shymkent, and Zhambyl Region. The system is then planned to expand to 13 more regions, eventually covering 16 cities and regions of Kazakhstan.

The mandatory home insurance policy will be electronic and issued for one year. Licensed insurance companies will be able to accept payments and sign contracts on behalf of the fund. Their commission for this work may reach up to 10% of the insurance premium.

The policy will need to be taken out in two cases: when ownership changes — within 10 working days after registration of ownership rights; and if the home falls under the law's requirements but the owner does not change — within 60 calendar days.

However, if a state of emergency (SOE) is declared in these regions, new home policies cannot be issued. The restrictions will remain in effect until the SOE is lifted.

Thus, if the new law "On Insurance" is adopted, apartment and house owners will have to pay for mandatory insurance annually. However, the policy will protect only against three types of natural disasters: floods, earthquakes, and wildfires. Broader protection will require voluntary insurance.

Note that the draft law is currently at the stage of public discussion, which will last until October 7, 2026.

Recall that today, housing restoration after major natural disasters is largely funded by the budget or by citizens' own funds.

Also note that other changes in the insurance sector are planned, which you can learn about in our article.