Your home is more than just a roof over your head. Chances are it’s your most valuable investment that you probably won’t be able to afford to replace in the event of a disaster. That’s why it’s so important to protect yourself with appropriate home insurance that will give you peace of mind in all circumstances. What insurance should you choose for your home in order to be prepared for all eventualities? Discover our tips!
All-inclusive home insurance
Be aware that taking out home insurance is not mandatory if you are a homeowner. On the other hand, if you are a tenant, you are required to take out an insurance contract to protect your home. Nevertheless, it is very risky not to cover your house even if you are not subject to this obligation. In general, the insured choose the least expensive formulas in order to reduce their monthly charges, that is to say that they are only insured for the minimum risks which must be covered by law. However, theft is not included in these risks. If you have therefore lost your car or other valuable property during a burglary, your insurance will not be able to do anything to compensate you.
It is precisely to properly insure your home and guarantee your financial security as well as that of your loved ones that it is important to take out all-inclusive insurance. This is the most advantageous formula to be calm and ensure that you are compensated correctly for each incident. This type of insurance allows you to cover your outdoor property, your fixed and mobile multimedia devices, theft, breakage of all your property, claims, fires, your civil liability and many more. Some insurance companies even offer to reimburse you for a wedding ring that has disappeared from your nightstand. In short, it’s the best way to protect everything that is of value to you in your home.
Unlike car insurance, there are no predefined formulas such as third-party and all-risk formulas in home insurance. Insurance companies are free to offer their formulas provided they respect the minimum risks that must be covered. But in general, home insurance costs around 180 euros per year, i.e. 15 euros per month. Be aware that a house is more expensive to cover than an apartment, ie 235 euros/year against 152 euros/year.
If you contract a home insurance online, you can save almost 20%. In any case, do not hesitate to ask for several quotes and to compare the offers. You can also use home insurance comparators to find a good deal. Be careful, however, because the low prices also have their surprises.
How to declare your assets?
Know that a home insurance covers both real estate and movable property. It is therefore important to know how to determine their value. If you have furniture that is not necessarily of great value, it is not necessary to ask for a large blanket. On the other hand, if you have valuable assets, it is much more prudent and interesting to insure them. It is also important to choose replacement value as the reimbursement method when declaring your goods.