Non-occupant homeowner insurance coverage

 Non-occupant homeowner insurance coverage

Non-occupant homeowner insurance is similar to comprehensive home insurance. But how could it be otherwise insofar as this insurance covers the owner against all disasters that may occur in the accommodation, whether it is a period of occupancy of the latter by a tenant or a rental vacancy period? Among the essential guarantees of PNO home insurance, we find:

    The rental risk guarantee which protects against the main and most frequent risks, namely fire, water damage and explosions. It is essential in all cases, regardless of the address of the accommodation, its status (occupied or empty), the type of lease (empty, furnished, shared) and the profile of the tenant (s).
    The movable property guarantee, which is particularly useful if you rent out your furnished property, because it covers all the furniture it houses.
    The tenants' recourse or disturbance of use guarantee which covers your own civil liability in the event that a lack of maintenance or a construction defect is discovered in the accommodation.
    The guarantee of recourse from neighbors and third parties which is also essential regardless of the situation, the tenant's profile or the location of the accommodation. It also covers your civil liability in the event that your property is the cause of a loss which would have consequences for neighboring dwellings. It is particularly useful if one of the neighbors - or even the condominium - happens to file a complaint against you.
    The theft guarantee that protects you in the event that any of the furniture or equipment installed in the home is stolen.
    The event or storm guarantee which covers you if a climatic event were to cause damage to the accommodation.

What additional guarantees for PNO insurance?

After knowing the most basic guarantees and the essentials of any PNO insurance contract, know that it is also possible to go further. How? 'Or' What ? By supplementing these basic guarantees with other guarantees. In particular, you can take out the unpaid rents guarantee which allows you to obtain a reimbursement of rents not paid by the tenant, but also the reimbursement of the amount of repairs incurred in the event of damage caused by the tenant in the accommodation.
How is the PNO insurance premium calculated?

When taking out your PNO insurance contract, it is preferable to opt for an insurance company that has a certain reputation and that is well established. Also make sure that you will benefit from a truly tailor-made contract that is perfectly suited to your profile and your situation. The price of non-occupant homeowner insurance is then calculated based on criteria such as:

    The address of the accommodation.
    Its surface.
    The rent of the payment which the tenant must pay.
    The character - furnished or empty - of the accommodation.
    Its occupancy rate during the year. An asset that would remain empty for too long periods represents, for example, an increased risk of damage and therefore requires better coverage.

The unpaid rent guarantee that can be included in the PNO home insurance contract also contains a reimbursement of litigation costs in the event that you have to settle a dispute with the tenant in court.