What does your home insurance cover?
Home insurance is essential because it protects your home in the event of a disaster. Fire, theft, broken glass, natural disasters ... what exactly does it cover?
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Couple choosing their home insurance
Home insurance is compulsory for tenants. © svetikd
Summary
What are the risks covered by home insurance?
How to choose your home insurance?
Home insurance: is it compulsory?
What are the risks covered by home insurance?
In the event of a claim, comprehensive home insurance (MRH) covers the insured's accommodation and the goods it contains (furniture, objects, etc.). Usually, these are claims related to theft, fire, explosion, but also bad weather. The insurance also covers vandalism, glass breakage as well as natural and technological disasters. Most of the time, the contract includes liability insurance, which covers damage caused to a third party. The insurance will cover the compensation under the conditions specified in the contract. In the context of a co-ownership, the trustee must take out group insurance to protect the co-owners and the common areas against damage caused by disasters resulting from a lack of maintenance or due to the dilapidated nature of the building. In order for them to be reimbursed if a disaster causes damage to their home, the co-owners must be considered as third parties between them.
Home insurance contracts must include cover against the risks of natural disasters, storms, attacks and acts of terrorism.
How to choose your home insurance?
Choosing the home insurance that best meets your needs and budget is essential. Guarantees, deductibles, cost ... insurance companies offer offers tailored to everyone, including essential guarantees (civil liability, water damage, glass breakage, etc.) as well as optional guarantees (swimming pool guarantee, household appliances, new equipment, legal protection, etc.). The price of insurance depends on the coverage chosen and the characteristics of the accommodation (area, location, etc.). Before signing his multi-risk home insurance (MRH) contract, the insured must therefore verify that the amount of the insurance premium that he will have to pay each year to protect his home corresponds to his budget. If the insured has few valuables and a tight budget, he may well be content with a contract offering only basic guarantees.
Home insurance: is it compulsory?
Although essential, home insurance is not mandatory for a homeowner, unless the home is in a condominium. In this case, the owner must obligatorily insure it at least in civil liability. If the owner is renting out his home, he is also not required to take out home insurance. However, he is advised to take out "non-occupant homeowner insurance" (or PNO insurance), which offers coverage equivalent to multi-risk home insurance (MRH). In the event of a rental vacancy, this insurance covers the owner if a loss occurs in the accommodation. If the accommodation is rented, the tenant's home insurance will cover the claims. Indeed, while home insurance is not compulsory for the owner, it is for the tenant (excluding furnished rentals). Its insurance must cover it at least against rental risks (water damage, fire, explosion, etc.). The landlord can end the rental if the tenant is no longer insured.
Before taking out your home insurance contract, it is advisable to check the amount of the deductibles: this is the amount that will remain the responsibility of the insured in the event of a claim.
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