HOME INSURANCE

A home insurance is a contract with an insurance company that covers the main risks affecting the family home and the liability of those living in the house.
The home insurance is usually called multi-hazard or multihome by the breadth of their coverage.

What does home insurance?

• The continent
  are the elements that make up the house: foundation, walls, ceilings, windows, doors, etc.. Are all those elements that define and shape the empty house and its outbuildings. The insured capital here is the value of what it would rebuild the entire house, regardless of the value of land on which it is built.
• Contents:
  These are the goods that are within the family home: furniture, jewelry, money contained in the home and property with special value (historical or artistic value). The estimated value of the content according to their replacement cost or replacement by a new one the same characteristics. All the elements that make up the contents must be fully detailed in the policy.
• Liability:Ensure that compensation had to pay a family member (resident in the insured property) for damage caused by material or physical acts or omissions.
• The legal defense:
  It covers expenditure arising from a trial or physical damage caused by acts or omissions of the insured home residents.
• Other coverage:
  Although not included in all home insurance, most policies include, in addition to the above, travel assistance, street robbery, fraudulent use of cards, etc..

What happens if there is a temporary movement of goods insured?
By hiring a home insurance , with coverage above, are insured or all of the objects considered content, if necessary temporary relocation of the same.
It ie the content would be secured but not in the house, but yes, this coverage is valid only during a specific time and specific conditions that depend on the insurer and the type of policy is hired. 

Normally, insurance is often as conditions require that the goods stay in hotels or residences used by the insured in connection with travel or temporary displacement not exceeding three months.
It also includes any damage caused to property due to the transfer, either by handling or by an accident in the vehicle carrying them.

Generally not covered by insurance if they are stolen goods, stolen or lost during shipment . What events are excluded in the home insurance? home insurance usually covers virtually everything: theft, theft, fire, weather, water leaks , vandalism, etc.. But there are a few facts, that occurs, the insured does not guarantee the repair of their homes or compensation.

These facts are:

•  Intent or provocation by the insured incident (per cigarette fire, damage caused by lack of maintenance, etc.)..
•  The existence of armed conflict, with or without a declaration of war. Radioactive contamination, nuclear reaction or radiation.
•  Natural disasters: extraordinary floods, hurricanes, storms, volcanic eruptions, earthquakes, etc..

How often do you review the policy?
The ideal is to review the home insurance policy every year and whenever significantly vary from the insured, when buying new furniture when making extensions, etc.
Whether the insured report or no variation of the insured, insurance will automatically update the sum insured, according to the general index of consumer prices.

Please note ...
- Be a current payment.
- Read the policy with ease and understand everything in it is said.
- Save all the documents properly.
- Keep invoices valuable goods and works to be carried out .

source: segurosmagazine


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