Our home is the largest investment we make throughout our lives and hiring good insurance is of great importance, since home insurance protects owners against loss to their home, personal property, and some types of damage or injury to third parties for whom the owners of the home are responsible being subject to the terms, limits, and conditions of their contract in the policy. Therefore, we want to help you know how to choose the best home insurance for your home.
The home insurance is often called multirisk by the breadth of its coverage and has to hire any person residing in a dwelling, without exception, whether owned or leased.
Tips For Hiring A Home Insurance
The insurers usually offer this product in which, under a single contract, the main risks affecting the home are insured, such as fires, breakages by water, theft, breakage of mirrors, aesthetic damages, etc. These will depend on the coverages applied by the different companies, which will be included in the contract conditions.
But the most important thing when it comes to hiring a home insurance is not the price of home insurance, but read well and learn about the coverages and services of that insurance before hiring and then do not carry surprises when we really need it. This lack of information on the part of the client often causes conflicts between the insurance companies and the holders of their policies.
In order to avoid this situation, it is advisable to follow the following instructions:
Examine carefully the coverage because, in the same assumption of capital coverage, the insurance companies establish important differences. Each company sets its compensation scale, as well as its limits, specific clauses, franchises, and exclusions.
Being prudent when assessing assets tends to value only the goods in which we see a higher risk of being stolen or damaged. In addition, these assets are often overvalued. On the other hand, we have valuables that do not seem susceptible to theft. For this reason, when hiring a home insurance two problems arise the over-insurance and the underinsurance.
To avoid this type of situation, so that in case of loss the policy is really useful, it is recommended to make a valuation as reliable as possible of the property, allowing advice from experts on what is the optimal value to insure.
Content: it is the set of furniture and personal belongings that are inside the house, and that once valued it is desired to insure. The continent does not usually pose problems when it comes to assessing it, since companies have a series of tables that establish the value of the square meter built according to the type of housing, location, construction qualities, etc. However, the content is usually much more problematic.
Civil liability: guarantees the compensation that a member of the family had to pay for the material or physical damages caused by their acts or omissions. The legal defense covers the expenses that may arise from a trial: lawyer, solicitor, bail, expertise … for material or physical damage caused by acts or omissions of the residents in the insured home.
Safe to a new value or replacement: ensure our goods so it would cost to buy them back or rebuild them in case of loss. It is the modality that most interests to replace the lost.
Real value: insures our assets at their fair value before the loss. For example, if the appliances are already years old at the time of the loss, they suffer considerable depreciation over time. This type of insurance is cheaper, but less interesting since it is very risky.