Subscribe home insurance, is to offer peace of mind. This protection allows to absorb the costs in case of theft, fire, hail or high winds. Still need to find the one that suits us. Here are the points to consider.
Who is insured?
Home insurance covers property and civil liability of the insured, his or her spouse and their children.
Of an insured's contract also covers:
Young people under 18 years which the insured has custody;
Students who are dependants of the insured, even if they reside outside the main house.
To remember
You live with a friend? You and your spouse are living together for less than three years? You have toinform your insurer, because the contract must then be drafted on behalf of the two persons to beprotected adequately.
Who can sell you insurance?
An insurance broker: the broker offers the products of the companies with which it has agreements.
An insurance agent: the agent works for a particular insurance company.
Before deciding to do business with one or the other, it is recommended to shop with several agentsand brokers and take into account the price and the guarantees offered, as well as the quality ofservice.
The building
If you are owner of your home, your home insurance will also cover the House and its outbuildings(shed, detached garage, etc.). In insurance, the amount required for your building is the cost to rebuildyour home if it were completely destroyed. This amount often differs from the market value of housingand its evaluation for the purposes of municipal taxation.
The risks covered
Fire, theft, vandalism? Your home insurance protects you for many more than these three claims.
Below the list of risks that are covered by your insurance policy:
- The wind;
- Hail;
- Lightning;
- Fire or forest fire;
- The explosion and smoke;
- Leakage or overflow from the drinking water supply;
- Leakage or overflow of sanitation as bathtub, toilet, washer or dishwasher;
- Theft or attempted theft;
- The vandalism;
- The shock of objects or vehicles;
- The riot
Exclusions
All contracts contain exclusions. Here are a few examples:
Flooding (due to the overflow of a river);
Landslides, earthquakes * and landslides;
Pollution;
Damage to property illegally acquired;
Consequences of the criminal acts of the insured;
Claims due to war, terrorism, nuclear risk.
* Coverage for damage to an earthquake is available by way of endorsement.
These goods are not insured automa - genetically from your policy. To assure them properly, you mustadd protection to your endorsement called contract.
Did you install a swimming pool or spa?
Know everything on insurance 9
For this reason, it is important to seriously consider adding protection to your contract to guardagainst infiltration of water or sewer discharge.
Water: cause first of home insurance claims