When is the best insurance for the house? What needs to understand the insurance policy of the house? What do the terms used in drafting the insurance policy for the home? In this article the answer to all these questions, to understand whether and how to take out an insurance policy for your own home.
Home insurance: the right protection for our most expensive place
If it is true that prevention is better than cure, for a house just in case calculate and pay little by little, is better than being left with huge debts or apartment robbed of all his possessions. To do this, you must take out an insurance policy on the house: from the risks to civil liability and those that come from external factors, a good insurance policy protects you from almost all the bad occurrences, preventing damage. Let’s see what options to look for in a bill of this kind, because the insurance for the house has become a highly customizable and comprehensive, allowing you to choose specifically what to protect and its limits: the arrears of the tenants at risk of harm when moves from damage caused by dogs or cats to the risks that come from our house instead of damage to third parties.
The insurance on the house according to the law
According to article 1882 of the Civil Code, the insurance is a contract whereby the insurer, against payment of an agreed premium, agrees within the limits agreed to repay part or all damage resulting from an accident. In the case of the insurance for the damage may be home to a third party or the owner himself: the policy may cover both depending on the choices made. The insurance contract is approved in writing by the insurer is required to provide the original to the contractor, while any other copies are available on request and expense of the contractor. By now the insurance for the house is not divided among multiple insurance policies for fire insurance for civil liability, but are instead referred to as “global policy”, including that one and the other thing.
The condominium insurance policy
The policy ensures the real estate of condominium apartment owners, the liability that comes with owning the same and the liability of directors of the buildings. Such insurance coverage shall include all economic losses suffered by third parties, due to the responsibility that you can refer to the insured and the ownership and management of the house.
Often it is the policy including coverage for condominium fire. If you decide to take out insurance for his home, and in this bill are covering the same damage, each of the two insurance contracts (the personal and the condominium) will respond and pay the compensation they are entitled to part of to achieve the compensation due. It ‘good to remember in any case, that the condominium policy covers only the situations mentioned above, all other cases can only be understood in the insurance policy on your home. The condominium insurance and then not at all preclude the conclusion of an insurance contract for the house of a personal nature, which provides a much wider range of collateral.