How do you know if you need to get home insurance? Owner, renter, co-owner, free dwell…Depending on your housing situation, you are required or not to get home insurance. This article will help you understand how to know what to do in your case. The first thing to know is that home insurance is mandatory when you are a renter. In fact, once you sign the lease, you have one month to send the insurance certificate to the landlord.
After this period, you risk expulsion. This certificate must be renewed each time the lease is extended and returned to the landlord or lessor. As the landlord, you do not have to take out home insurance if you rent the apartment to a third party. It is the tenant who should take care of the insurance. In the case of the property or condominium you live in, make sure your name appears in the insurance contract: all persons belonging to the household must be listed so that the terms of the guarantee apply to everyone.
Think about the responsibility
If you are hosted for free, you should also take out insurance as it allows you to cover yourself. Home insurance includes civil liability (RC), so you are covered in all circumstances. This RC allows you to protect if you inadvertently injure or harm a third person or if your residence harms another person.
So you need to be well aware of the situation in order to ensure that you are well covered. Some people wonder if it’s worth keeping their insurance in the event of a change of situation (moving a house, renting property, or marital change) or if it’s easy to change the company when you’re not happy with its current coverage. Knowing when to cancel home insurance is very important because in the event of bad information or an improper decision being made, you may find yourself helpless if a problem arises. Only cancel if you are absolutely certain that despite the change in circumstances, you are still covered by all risks. Likewise, make sure your new contract is effective immediately so you don’t leave a period without coverage.
How far does home insurance cover?
Concretely, what does your home insurance cover and how do you choose the right insurance? Already, you should know that home insurance is necessary in case of broken glass, catastrophe, burglary or natural disasters (storms, floods, storms). Water damage, for example, is the most common claim. This can start from a poorly closed faucet or it can be attached to faulty pipes. Very quickly, water damage can affect your home but also your neighbour. Without insurance, it is up to you to pay for the work needed to rehabilitate the building (yours and that of the damaged neighbor).
Fires caused by human error (mishandling of a fire, for example), due to a climatic phenomenon or due to a malfunction of the heating or electrical network, are also very dangerous. Although it is less common than water damage, it is very expensive because at worst it can completely destroy the dwelling. So it is important to be well covered but also to adopt the right reactions to prevent such a danger. The theft issue also needs clarification because many policyholders don’t really know what is being reimbursed by their insurance. You should check the terms of your contract to see how you can reimburse your devices if they are stolen from you inside your home.
The area of residence affects the price
All of these risks must be taken into account when assessing the suitability of home insurance. You should also know that depending on your area of residence and the size of your accommodation, the price list varies. For example, the risk of theft is higher in the Ile-de-France region due to the population density, but also in Provence-Alpes-Côte d’Azur where isolated and less inhabited villas are easier prey for thieves.
Similarly, insurance companies study the climatic and geographic data of the areas they cover in order to assess the possibility of natural disasters. Depending on all the potential risks and the accommodation you wish to secure, the rates offered vary from region to region. Now that you’ve mastered the criteria for home insurance, you can quickly find out whether or not you should sign up for a contract.