Home insurance

Called home insurance multi-risk helps protect the housing and property that it contains against damage that may arise as a result of a fire, water damage, theft, for example. Similarly, the members of the family of the insured are covered against any damage they might cause to other people.

Insurance obligations

Tenants must ensure their housing rental risks. That is, they must protect the property they use against all kinds of damage as the risk of fire, water damage, explosion... The lack of insurance is even a termination clause of the lease by the landlord.

In regards to the co-owner, his dwelling shall be ensured against any damage it might cause to public areas (stairs, roofs, walls etc.), or its units (the private house of the co-owner). In these cases of loss, home insurance is designed to compensate the other co-owners of damage caused to public areas or their own units.

The owner of a single housing (i.e. a condominium not detained), as a detached house for example, has no obligation to ensure as it can in principle not to cause harm to its neighbors. However, in fact insurance remains indispensable in order to cover its own repairs due to injury so that the assessment of such insurance is not expensive compared to the cost of the repairs into disaster.

Evaluate its movable property at fair value

At the time of the subscription of the housing contract it is necessary to assess its movable assets at their fair value in order to receive a fair compensation in case of disaster. An understatement of the value of its assets may cause a reduction of the compensation paid in the event of disaster.

To assess its own movable property at fair value, should take account of the principle of compensation in the contract:

·         The inferred age value is the value of a property that takes into account his ageing or staleness. This type of compensation does not allow to retool with the same goods as received reimbursement will be lower than the price of the nine. In return, the contribution of the housing contract will be lower than another type of contract;

·         The replacement value to receive compensation in the amount of its assets at their value on the day of the disaster. This type of refund is best because it enables to retool to nine after a disaster, without paying supplement, but the premium will be higher.

Regards suffered not claims the real estate, compensation is typically performed in terms of reconstruction, the insurer indemnifies you so you can rebuild your real estate as it was prior to the disaster.

The franchise

The contract multi-risk often involves several franchises based on the disaster. It is necessary to read the General conditions, where all of the franchises in force and maximum amounts of compensation are specified. More the deductible is high, plus the contribution of the contract will be expensive because the insurer will have less to pay disaster.