Do you know what it means to have home insurance? What coverage is important, and how to hire? This text was created precisely to answer these questions and also:
- How it works and when to trigger insurance.
- Be careful when choosing an insurance company.
- How to do insurance simulation
- What is the average value?
Anyway, everything you need to know to evaluate if it’s worth having home insurance.
Home insurance: how to buy?
Before you sign the contract, clear all your doubts about coverage, the amount to be paid, and the claim. Also, known in detail how the issues will be resolved.
When researching insurance, always try to deal with a duly qualified insurance broker. In other words, a professional linked to an insurance company registered with SUSEP (Superintendence of Private Insurance).
Then pay close attention to the details of the policy. That is the contract. It must contain all the combined protections and serves to formalize the deal.
You are likely to have many doubts. But know that the main details of how to hire housing insurance are:
- Insurance premium.
- Expiration date.
So look very carefully at what your insurance will cover because some insurances can cover what you have inside the house while others just the construction.
In summary, home insurance comes in three types of coverage:
- Building (walls): that is, just the infrastructure.
- Of the goods inside the house: furniture and appliances.
- Mixed coverage: walls and goods inside the property.
Now, a point of attention: you are responsible for proving ownership of the asset. So keep the invoice, manual and other information about what you have at home.
What does home insurance cover?
According to information from SUSEP, primary home insurance coverage covers damage caused by:
- lightning strikes;
- the explosion was caused by gas
The insurance also covers the consequences of the accident, such as
- impossibility of protecting or removing salvage;
- firefighting expenses;
- site debris.
However, there are other residential insurances with greater coverage, which indemnify:
- Trees and even aircraft fall.
- Electrical damage.
- Flood, windstorm, and earthquake.
- Vehicle impact.
- Fires in rural areas.
And so it goes. In fact, it is possible to complement the insurance by adding protection against theft, hail, and other accidents that happen in your region.
When to activate home insurance?
It’s simple. In short, you should trigger housing insurance in the event of an accident. That is when you experience an emergency involving your residence. ASAP, you need to call the insurance company.
Then the company carries out an inspection and, after the analysis, you receive compensation or repairs for the goods.
Is home insurance worth it?
In a nutshell, yes! Good home insurance doesn’t protect you from a good dose of headaches (and a lot of expenses). Still, many homeowners do not carry home insurance. Misinformation and disinterest? Let’s change that!
The idea of insurance is precisely to offer protection against accidents and incidents from a small monthly payment. The damage to a problem tends to be much greater than the amount paid over time. Oh, and insurance is good to never use, isn’t it?
However, it is not possible to know what will happen and if we will have an emergency or an accident. When the problem appears, those who have insurance are calm. Imagine that bandits broke into your house and stole your belongings. And now?
On the other hand, what if a fire damages part of your home? These are possible situations that can cause considerable damage.
Thus, adequate housing insurance provides protection in this regard once the insurer reimburses the assets in the event of an accident.
There is another point worth mentioning: many home insurance policies offer minor repairs. That are services that are very useful on a daily basis.
Electrical, plumbing, and even key issues can be part of your insurance coverage. Other services available are pest control, 24-hour assistance, plumber, for example.
Home fire insurance
Many people wonder if residential fire insurance is mandatory and who should pay in case of rent. According to the Tenancy Act, it is the property owner’s duty to pay fire insurance.
This rule allows it to become a tenant’s responsibility. Provided that the lease agreement provides for this agreement.
Home insurance simulation
Simulations usually start from simpler insurance, with coverage against fire, lightning, and explosions. From this reference value, it is possible to add protections.
So you can make the custom quote for your protection. And, of course, the extra items will have an impact on the final value.
Know some factors that influence the calculation of insurance:
- Goods you want to cover indoors;
- Type of property (house or apartment);
- Use of the property;
- Location (neighborhood, security, rainfall, etc.);
- Price per square meter of the property.
Therefore, it is important to understand that the price of housing insurance will be related to the accident. That is the amount paid by the insurance company in the event of an unforeseen event.
What is the average value?
A very interesting feature of home insurance is its price in relation to the tranquility it provides. When compared to traditional insurance (vehicle insurance, for example), the cost-benefit ratio is an advantage.
Of course, this also means that the risk of a claim is lower. Therefore, it may be that you pay for a long time without using it. However, if insurance gives you extra peace of mind and you don’t need it, that’s great news.
In this sense, the main advantage is really the possibility of sleeping more peacefully in relation to robberies, and fires, among others. For example, it is common to find insurance of this type between R$300 and R$600 per year. In general, apartments are usually cheaper than houses.