Multi-risk insurance is an insurance that is usually mandatory in the case of credit housing. However, whether or not you have a home loan, multirisk insurance has a set of features that you should know in order to ensure that you are protected.
We only remember insurance in the event of an accident …
House stolen locks at the door. Right? We tend to value insurance only when there is a claim and we must ask the insurance company to guarantee compensation. It so happens that many times the policies we choose do not fit our needs and characteristics. But for a very low price we managed to protect ourselves. Why save on multi-risk insurance?
Protect yourself from the elements
In times of rain it is common for insurance companies to be called upon to pay for home repairs. And they pay these claims because the families have taken precautions. If it rains more and the roof has infiltrations. If there are chain changes and the electrical appliances bust … the insurance is there to pay. Again, the payment depends on the coverage you have hired . The bank requires you to hold the house and the common parts but it is also possible to cover the filling and with comprehensive coverages.
What are the main coverage of multi-risk insurance?
We always recommend that you accurately report all coverages and exclusions so that your experience is the best you can and pay only for what you value. So, it is important that you know some type coverages:
- Fires, lightning or explosion
- Theft or theft – Loss resulting from theft or robbery, after participating to the authorities. This coverage must also be contracted with the filling.
- Damage by water – If any pipe breaks the insurance pays the consequent damages, but typically excludes the damages by infiltrations or humidities.
- Electrical Risks
- Seismic phenomena.
In order for you to be able to properly evaluate the policy you are planning to hire, you must rigorously analyze the particular conditions . Ensure that you master all the information regarding coverage and exclusions and in case of doubt it may make sense to bear a higher cost to have all coverages. The important thing in multirisk housing insurance is that the premium is greatly reduced in the face of the coverages and consequences of a claim. Once again, have the best quotation with the advice of your trusted mediator.