Fires, floods, robbery … Home insurance protects your home, covers rental risks and compensates victims for damage. But even today, many residents are still at risk of living without insurance, despite the sanctions awaiting them. What does home insurance really help? We will tell you everything!
Home insurance: Tenant obligations
You have finally found a rare pearl, and will you move to your new home soon? Tenant, you have only a few steps left before you start your new life. The next step is to get home insurance just before you borrow... Whether you are in an apartment or a house, you are subject to this obligation as stipulated by the law of July 6, 1989. This obligation requires all tenants to be insured to cover the risks and damages incurred as part of the rental. Therefore, the tenant must present the home insurance certificate to the lessor. The lessor may request it each year and, among other things, must promptly report the loss to the insurer, respecting the deadlines imposed by the insurer.
Therefore, it is in the tenant’s best interest to take out rental insurance in case the tenant’s liability arises. Liability may be exempted under certain conditions if the negligence proves to be in the case of another person, a lender, a third party, or force majeure. Anyway, it is essential to remember the importance of being an insured person.
Tenants are not the only insured. Indeed, owners are strongly advised to take out insurance even if the tenant is insured, in order to avoid disputes in the event of liability in the event of damage. For example, if the failure is due to the owner following a hidden defect, or if aging and omissions occur on the part of the owner, the owner is at risk of first formal notification and then legal proceedings. There is (in extreme cases). Therefore, it is in the interest of everyone to take out insurance to protect themselves and allow them to repair damage quickly.
To prevent minor problems, the tenant must be sure to know the responsibilities that belong to him: beyond fees, rent, so we repair damage, insurance, as well as regular maintenance and management of the facility. Find annoying.
What does home insurance cover?
As a rule, home insurance includes basic guarantees aimed at protecting property and individuals. Whether incurred or the insured is the victim, home insurance covers at least the insured’s civil liability, especially in the event of damage to a third party in private circumstances. But it also covers the main risks. For example, after a leak, infiltration, or fire, home insurance will cover the damage caused. In addition to these necessities, it is possible to add options (glass breakage, theft, vandalism, etc.) to your warranty depending on your profile, your place of residence, your driving style and your needs. .. A very useful option for items that require significant repair or replacement.
How to choose your home insurance?
As for mutual and banking, there are many insurance companies that offer this service. The important thing is to choose the home insurance that best suits your needs. In order to make a good choice, certain points should be carefully monitored and more attention should be paid to avoid unpleasant surprises after signing and in the case of claims. But above all, the right way to save money and reduce your monthly bill is to use a home insurance comparator to make sure you don’t miss the best offer. Your request.
But before that, here are some factors to consider when searching:
- Warranty covered
- Exclusion of warranty
- Indemnity limit
- Deductible costs paid
- Waiting period
- Donation amount
- Other general and specific conditions
- Insurance fee
This content was created in partnership with AXA. The editorial staff of BFM Business did not participate in the production of this content.