What does housing insurance cover for your home, is it compulsory, does it have additional services? Here’s what I need to know those who want to insure my house.
It is important to take out home insurance to take precautions against unfortunate events that may happen to your home. Let’s take a closer look at the housing insurance that protects your home and even the goods in your house according to the scope of your policy and offers different services under the policy.
What is Housing Insurance?
It is an insurance that covers your belongings optionally, to minimize your material damage in case of flooding, theft and fire.
What Does a Home Insurance Policy Cover?
Housing insurance coverings are divided into two as main guarantees and additional guarantees. The main collaterals differ according to the insurance companies, but the main collateral that is common is the fire collateral.
Additional collaterals include:
Floods or raids
Protection against inflation
Earthquake and volcano eruption
Internal water supply
Vehicle shock assurance
Storm, Smoke, Snow weight
Fire liability and loss of rent
Debris removal guarantee
These additional guarantees are not covered by all insurance companies. it is useful to check that insurance services provided by some insurance companies but not known to many people such as glass, locksmith, ambulance, electricity and plumbing are covered by insurance.
In fact, you should thoroughly examine what your entire policy covers and does not cover. As compensation cannot be claimed for the service that is not covered, it is important that you determine what risks you want to secure your home before you take out insurance.