Whether you are a homeowner or a tenant, buying a property insurance is undoubtedly crucial to guarantee you compensation in the event of a claim. Compared to other types of insurance, this type of insurance, with its array of coverages, restrictions and deductibles, is rather complex. Choosing a home insurance policy should be done carefully.
Is property insurance mandatory?
First of all, the owner, whether an occupant or not, is not obliged to buy a property insurance. And even if he does, it can be risky not to cover his home, which is why it is strongly recommended to take out one. Of course, in the event of a claim against the owner or damage caused to third parties, the owner, if not covered by home insurance, will have to assume full responsibility alone, so no compensation. As far as tenants are concerned, home insurance is compulsory in order to insure against the risks for which they are responsible in their capacity as tenants. Moreover, the owner has every right to ask the tenant for proof of insurance when signing the rental contract. This is so that the landlord can make sure that the tenant is well insured in case of damage to third parties for which the landlord could be responsible. The same applies to damage to the property occupied by the lessee. As for a shared flat, it must at least be covered by civil liability insurance.
Compare to find the best property insurance contract
Using an online home insurance comparator is undoubtedly the best way to find the best home insurance. With just a few clicks, you can put several contracts that may correspond to your needs and profile in competition, free of charge and without obligation. Before making the comparison, you should fill in the essential data required to create a contract, such as the surface area of the property, the number of rooms, the type of dwelling, its status, its location, and so on. Just make sure that the data provided is accurate so that the comparators can select the contracts that may correspond to you.
Elements to be taken into consideration before signing the contract
During the comparison phase, there are certain elements that you must compete against each other to find the best home insurance policy, including the deductibles or, more precisely, the amount that you will have to pay in the event of a claim, the benefits included and not included, the various benefit exclusions, the optional benefits that can be very useful, the indemnity thresholds, the methods of indemnification, the waiting periods and, of course, the insurance premium, that is, the amount that you must pay annually in return for the coverage provided by the insurance company. However, don’t be too seduced by cheap home insurance to avoid any unpleasant surprises.