Home insurance is a policy that covers any damage to the structure of the home, and to the assets contained therein , caused by more or less serious unforeseen events.
A home insurance policy covers all risks associated with the property: atmospheric events, seismic events, theft, fire, damage, civil liability, assistance and legal protection are the main categories of risk, which can be purchased separately or in a combined way depending on the needs of those who subscribe.
Home insurance is therefore not all the same. It is important at the conclusion of the contract that the user is aware of which guarantees are included in the policy , in order to be able to assess whether they are useful for his insured profile. A complete product is certainly the most useful one to choose, but in this case the amount of the premium can be substantial. In this regard, it is good to not forget that the best home insurance you can look for Segugio.it , the portal that allows you to compare the most convenient quotes and offer the greatest protection.
Home policy: the theft guarantee
It is one of the most important covers, which protects against illicit theft of objects in the apartment and from material damage caused by intrusion into the house. Usually the assets guaranteed by this policy are televisions, furniture, furnishings, while for the most precious objects it is necessary to take out specific insurance. It is good to point out that the insurance coverage intervenes only if it is proved that there has been an infringement and that the crime has been reported to the police .
Home policy: the fire guarantee
It guarantees material damage to property not caused by explosive devices. The policy may cover the building, furnishings and objects, upon the occurrence of a series of events , such as:
- short circuit and electrical phenomena in general.
The warranty also covers damage that, following the events listed above, are caused to nearby homes , such as in the case of a fire that damages the neighboring house.
In case of destruction of the house by fire, the company reimburses the costs of rebuilding the property with a sum equal to the total value of what was destroyed . However, it is important to remember that not all companies compensate for an amount equal to the value of the loss of the home, as the damage could be higher than the ceiling . set by the policy.
Home policy: coverage of seismic events
This is a very specific guarantee, which offers economic support to insured families affected by the earthquake. The earthquake guarantee covers the costs of clearing the damaged area , moving temporarily to safe accommodation and repairing (or rebuilding) the property.
This insurance does not usually cover indirect damage (loss of income deriving from the rental of the building or the suspension of the economic activity that was carried out) and caused by explosions – even if the latter originated from the earthquake.
Home policy and compensation claim
When an event covered by the policy occurs, you must contact your insurer to make a report. Usually the communication can take place by sending a registered letter with return receipt containing all the documentation that proves the claim , as well as the policy number and personal details.
The insurance will send an expert to assess the extent of the damage and the amount of compensation.
Damage not covered by home insurance
The company does not indemnify damage caused by negligence or willful misconduct of the owner of the insured home. Negligence , such as leaving the front door open and the subsequent burglary at home, is generally not covered by insurance . Likewise, an insurance that only covers the walls of the property will not be liable for any damage caused to the assets inside it – unless you have signed this type of coverage in the contract.
Is it mandatory to insure?
By law, home insurance is never mandatory. However, in the event of a mortgage being taken out, the bank imposes an outbreak and fire insurance on the house to protect its right to be compensated (the house is in fact the only concrete guarantee to protect the loan). In particular, credit institutions use agreements with some insurance companies, which allow you to take out this insurance at a particularly convenient price.
Some policies contextual to the loan compensate the value of the home or its contents, while others reimburse up to a maximum established at the signing of the contract (without taking into account the value of the property).
How much does home insurance cost?
The amount of the insurance premium may vary depending on the case and some recurring factors affect its formation, such as:
- the type of property (for example single house, condominium, villa), size and its value;
- the Municipality where it is located;
- the guarantees chosen by the contractor .
Can home insurance be transferred to another property?
Yes . When all the coverage included in the policy is also compatible with the new home, the insurance company only changes the data relating to the home to be protected . If, on the other hand, the guarantees are not compatible, it will be necessary to modify the conditions of the contract: in this case, the insurance premium paid by the policyholder could be reduced or increased compared to that paid previously.