The fundamental purpose of insurance is to protect life and property from risks, and thus insurance plays a significant role in maintaining the economic stability of individuals as well as society as a whole. One of the oldest types of insurance that can protect one's property is property insurance, which includes insurance against fire and natural disasters. The social and economic benefits derived from insurance are significant because, based on the premiums paid by policyholders, compensation is paid out after the insured event occurs. In the Republic of Croatia, the most common insurance policy is automobile liability insurance, which is legally mandated, while property insurance is not mandatory and is still considered unnecessary and expensive, indicating a low level of insurance awareness in the Republic of Croatia. Fire and natural disaster insurance is one type of insurance that is insufficiently represented in the Republic of Croatia, highlighting the necessity to raise awareness among citizens about insuring all property against fire, floods, and other risks in the event of natural disasters, negligence, or intent, by setting aside a minimal monthly premium. The topic of this paper is property insurance, with a detailed explanation of the terms and conditions related to the insurance of real estate and household items. This final paper compares two offers for real estate insurance and household item insurance received from competing insurance companies operating in the Republic of Croatia – Generali Insurance and Wiener Insurance. Through comparison and analysis, the conditions, exclusions, insurance amounts, premiums, and other data were determined and entered into a table that simplifies the decision-making process for purchasing a policy by reviewing the key items.