Owners most often want to protect the building itself, its movable property, and its civil liability. Depending on the level of guarantee chosen, the protection will not be at the same level in each contract. The most common types of loss are generally covered, namely: fire, theft, vandalism, natural and technological disasters, and water damage. It is possible to personalize your contract by opting for so-called more situational guarantees, the interest of which varies according to your situation. For example, you can add dependency insurance, if you have a garden shed, for example, which protects your property even outside your walls. In the same way, you will have to play with the options if you want to insure your palisades, swimming pools, gates, etc…
If you are a non-occupant owner, there is home insurance called PNO (Non-Occupant Owner) that is ideal for protecting your investment. Whether they are rented or not, you can thus protect your property such as the buildings themselves, of course, as well as the furniture if it is furnished. You can also ensure your cash flow by taking out unpaid rent insurance. This insurance will cover your civil liability, which can be useful in the event of damage caused by a construction or maintenance defect in the rented apartment.
HOME INSURANCE: FOR CO-OWNERSHIP
If you acquire a condominium, you de facto own the common areas of a building. Any co-ownership insurance includes this parameter in its offers adapted to this situation.
This involves signing two separate contracts:
– personal home insurance including civil liability and protection of your movable property;
– insurance covering the building and the common areas.
This is often managed by the association of co-owners, but not in a systematic way: you will need to inquire beforehand with the association or the syndicate of owners (syndic) as well as with the former owner.
HOME INSURANCE: FOR TENANTS
It is essential security to take out insurance when you are a tenant: it allows you to be compensated when your property is damaged or stolen, according to the conditions stipulated by the contract, and the generating events provided for by it. This insurance also provides a guarantee of civil liability, which makes it possible to finance the reimbursement of damage caused to others or the building under your responsibility. By subscribing to this tenant home insurance, you thus ensure certain security by being sure not to end up with excessive expenses in the event of a claim.
Be aware that the law does not impose anything on renters insurance as is the case for car insurance. But in practice, all owners will require you to issue proof of insurance during the entry inventory: for them, this is a strong and essential guarantee.
As you can see, your situation will change the content of your home insurance, and the need to subscribe or not to optional guarantees. Hence the need to find a suitable home insurance policy for each circumstance. To do this, the best tool remains the home insurance comparator: in a few minutes, you fill out a form covering all the essential points of your situation, and a series of quotes made for you appear, ordered in an ergonomic comparison grid. and easy to read! Don’t wait any longer to save time and money: go to an insurance comparator.