A home insurance is one type of insurance contract which is intended to cover damages that occur in a home and / or its content and arising from any unforeseen event, covering all risks of various kinds.
When buying a home insurance, a homeowner should take into account a number of things that we list down here. In general, the less secured the home, the greater amount of money needed for home insurance. Also, the older the building, the greater its value and the insured property inside (content), the higher the premium of home insurance have to be paid. Here are ten tips to be considered before buying home insurance. More about financing on financespaces.com
1. Find a safe that allows you to secure housing or loose furniture or all together, depending on your relationship with it.
Home insurance distinguish between the land (the home itself) and the content (the assets comprising the home: appliances, electronic equipment, jewelry, etc.). And you should allow securing what you really want to insure.
So look for a safe that allows you to secure continent, content or both together, according to your needs (for example, it can be an owner of a house rented to a third party, and be, therefore, only interested in ensuring the continent, as the content is not yours, or you can be the tenant and only want to ensure the furniture).
2. Note that home insurance can cover virtually all types of damages , so select the ones that really interest you if you do not want to pay a premium horse:
- Home damage from fire or explosion or extreme weather events (floods, hail, rain, etc.),
- Damage from theft (goods, jewelry, valuables, etc.) or attempted theft (destructions in doors, windows, fences, etc.),
- Cosmetic damage to housing and its doors, glass, windows, toilets, shower doors, countertops, etc.
- The liability of housing (by landslides, broken pipes, etc.) and that of its inhabitants (inside the house or from it out, for example, a pot falling into the street causing damage), etc.
- Damage to electronic equipment (including personal computers) and appliances .
- A number of related services : emergency repairs, claims for damages, etc.
3. The first thing that an insurer will take into account when calculating your premium (tarificarte) will be your identity and year of construction of your home, your zip code location, the use made of it (front residence professional activity) and whether it is inhabited or not.
In areas where there is a lot of claims (eg developments with many robberies), the insurer may charge you for a quiet place in higher premium. If the activity inside the housing is professional, you can refuse to insure (excluding risk).
4. Make sure you know the excluded risks will be imposed by the insurer. This will force you to accept a number of excluded risks (assumptions which may refuse to ensure, including whether there have been several parts above or misrepresents the truth).
Among the risks excluded, most common include:
- Housing isolated from other homes on developments;
- Empty houses most of the year;
- Housing construction or reconstruction or inventoried with serious defects or other structure;
- Prefabricated wooden houses or caravans;
- Occupied dwellings unemployed and / or students or by more than one family or multiple tenants;
- Housing rented less than a year or informally;
To do this, the user has to make a statement that your home is not in any of the cases of exclusion and take the consequences of lying or giving information incomplete or inaccurate should give part by a sinister .
5. Insurers take into account whether housing reforms have been made recently in pipes and electrical system (sockets, fuse box, wiring, etc.).
In recent, these two facilities will pay less premium, as less likely to be the most common problems of housing (water leaks and fires).
6. The type of housing, its location in the block of flats should be flat and the use made of it affect the cost of the premium. An intermediate floor of the city center is not the same as a villa in a residential area only used on holidays. Meanwhile attics usually give more parts for these are more exposed to bad weather and low for the chances of accidents.
7. The constructed area , the quality of materials used and the security measures of housing also determine the cost of the premium.
Insurance companies easily determine the quality of housing depending on the availability or not of air conditioning (and if any, whether it is individual or collective), whether heating is available or not (more or less prone to breakdowns and flooding ) or if there is butane gas cylinders (cases of explosions).
Regarding security measures, insurers want to know if there are windows with bars, an alarm, reinforced or armored door if available (with its detectors in different parts of the house). And if it is connected with the police or a private security service.
8. Note that you can impose a waiting period , ie, a deadline which the policy will not be effective, and during which will not cover damage that may occur.
9. If you hire online, you will probably save you some money in the premium, as insurers bonifican such direct contracting with discounts.
If you sign up online through a comparator home insurance (Rastreator, Hit, Arpem or Seguros.es) note that this is a product that is so broad in coverage, it is difficult to compare different insurers.
In this case it is advisable to first be clear about what we want to cover with insurance and then take the trouble to request a quote in two or three insurers of our trust.
10. If you have to give a party for a loss, do it as soon as possible , because if you delay long the insurer could refuse to cover damages, even if they were insured.