Is home insurance compulsory?
Home insurance is mandatory for everyone who rents out a property, but not for landlords. It covers part of the damage caused to your home and property in the event of an accident, theft or water damage. To facilitate your decision-making, do not hesitate to request a quote for home insurance from the organization that interests you in order to ensure that it can correspond to your budget.
When is home insurance compulsory?
Home insurance is mandatory for tenants, it allows the owner to protect his property once morest accidents that may occur with the tenant and thus avoid disputes or reimbursements that may result. In addition, it offers additional protection if the occupant cannot fulfill his part of the lease (rent payments, damages).
What risks are covered by home insurance?
Home insurance generally allows complete coverage of the various risks related to the house: fire, explosion, lightning, storm, flood, etc. However, each insurer offers different formulas with a variable number of guarantees and different levels of protection depending on the amount of the claim. premium paid annually.
How to choose the right home insurance policy?
What are the criteria to consider when choosing a home insurance policy?
Choosing the right contract is essential because poorly adapted insurance can lead to a considerable loss of earnings in the event of uncovered claims. It is therefore important to take note of and carefully compare each point before signing a contract.
Here are a few things to consider:
- The nature of the property insured: detached house, apartment, etc.
- The sum to be insured: value of the property, furniture, etc.
- The guarantees provided for by the contract: type of cover (fire, water damage, etc.), applicable deductible (limit amount paid directly by the insured in the event of a claim for which the insurance does not intervene), compensation ceiling for certain specific guarantees, assistance offered and associated services.
What are the advantages and disadvantages of the different types of contracts?
Each type of insurance offers advantages and disadvantages that must be taken into account before signing a contract.
Mutual: Mutual insurance offers comprehensive protection with responsive customer service, but its price is often higher than that of traditional insurance.
Private insurance: This insurance offers good value for money and allows you to negotiate more attractive rates. It does not necessarily take into account all incidents, so each clause must be carefully examined before it is signed.
Bank insurance: This insurance can be taken out at the time of the mortgage and is very flexible in terms of repayments; however, it is less competitive than private insurance and the amount of reimbursement may be limited.
