Home insurance: how does it work?

Home insurance: how does it work?


Home insurance is one of the essentials, whether you are a tenant or owner of your home. In fact, it allows you to receive compensation in the event of a claim in your home and to protect yourself if you are the cause of a claim in someone else's home. Here is how it works.
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Home insurance: how does it work?
Often mandatory, home insurance protects you and your property in the event of a disaster. © alfa27
Summary

    Insurance that covers much more than home
    Who should purchase home insurance?
    How to buy home insurance?
    How is the home insurance premium calculated?
    How to pay for your home insurance?
    What does home insurance cover?
    How to cancel your home insurance contract?

Insurance that covers much more than home

Home insurance, also called multi-risk home insurance (MRH), is insurance designed to protect family assets (home and furniture) and to guarantee the civil liability of occupants. Often mandatory, home insurance protects you and your property in the event of a disaster.

Thus, home insurance covers both property damage and personal damage. Are included in the goods: premises for residential use such as a house or an apartment, fences and retaining walls, outbuildings mainly built in hard, veranda if declared at the time of subscription, garage, cellar, real estate development or quote -part of the common areas if you are a co-owner.

Certain goods are excluded from comprehensive home insurance: buildings under construction, plants and plants, lighting or leisure facilities, garden sheds.
Who should purchase home insurance?

Contrary to popular belief, home insurance is not always compulsory. Thus, homeowners or not, are not required to take out a home insurance policy. This freedom can, however, be expensive if they are held liable in the event of a lack of maintenance at the origin of a disaster, for example. Co-owners are required to take out at least civil liability insurance towards the co-ownership, neighbors and third parties as well as any tenants.

Finally, tenants, including furnished accommodation, are required to take out home insurance since the implementation of the Alur law of March 24, 2014 for access to housing and renovated town planning aimed at better managing relationships. between owners and tenants.

While in some cases the texts do not require you to take out home insurance, it is strongly recommended that you have one to be covered in the event of a claim.
How to buy home insurance?

To take out a comprehensive home insurance policy, you can contact your banking institution, an insurance company or a broker. In all cases, the proposals that you will receive must include the following information: an information sheet which details the prices and guarantees, a detailed information notice, the limits of the guarantee, the conditions for triggering the taking under guarantee (triggered by the damaging fact or by complaint), the applicable law and the authorities to be seized in the event of a dispute. After studying the various proposals obtained and the signing formalities made, the chosen insurance company will send you a certificate proving the existence of the contract. You can also buy your home insurance online.