Apartment insurance - 8 pitfalls, which are better known in advance
Insurance of an apartment or house is gradually becoming a matter of course. For convenience, insurance agents are ready to come home and draw up a contract on the spot. But before you sign it, you need to find out all the nuances. This will allow you to assess the possible risks and protect yourself.
How to reduce the tariff for apartment insurance
Any bank or insurance company has its own terms and services. At the same time, the classic agreement has common features. You can study the contract template in advance in order to understand what to be guided in when concluding it and what points it is worth to add there. Maybe over time you will want to sell an apartment without intermediaries.
Before signing the contract, work is carried out to determine the amount of the insurance amount. This is necessary to determine the tariff and frequency of payments.In order to reduce the tariff, you can call representatives of the insurance company to assess the value of the property and risks.
Who can insure the property
Owners and co-owners may enter into a property insurance contract. It can be concluded not by the owner of the apartment, but by the tenant, if there is a lease agreement. This allows even the tenant to protect themselves from liability for property in case of accidents.
It will be correct to insure the property purchased on credit. In this case, you can minimize the risks to yourself in case of damage to property. Since the terms of mortgage payments reach 20 years, such foresight would be superfluous.
Third party liability for apartment insurance
It is recommended to prescribe in the contract a clause on the liability of third parties. If damage is caused by them in the case of burglary, robbery, and so on, then you can get a substantial amount of property insurance and compensate for the cost of repairing an apartment. This item is called third party liability insurance.
Damage by third parties
This item is also worth registering in the contract.It is known that in apartment buildings force majeure situations like the accident of old pipelines, gas leakage and explosion, fire due to wiring, are not uncommon. And more often the apartment may suffer due to the fact that it was flooded with neighbors. In order to pay for repairs to restore the situation in the apartment, it is necessary to insure it in case of damage by third parties.
Associated apartment insurance
It is possible to take into account in the insurance contract the coverage of expenses not only for an apartment, but also for movable property. As a rule, furniture, appliances, antiques, furs and jewelry, valuables are insured - especially when it comes to collections. The subject of insurance can be finishing the apartment.
In case of damage to property, the amount covering the loss is paid. The amount of damages is estimated by the representative of the insurance company. All this, as well as the limit of payments, is prescribed in the contract.
When insuring liability to third parties, the amount of payments is determined by the court. In case of damage by third parties, the amount may be paid before the trial, if mutual agreement is reached,or by court order. Before payments the examination is made, which should fix the amount of losses.
Apartment Express Insurance
In this case, the policy is issued quickly, a little documentation is required, and the inspection and evaluation of the property is not made. Such insurance is ideal for protection against small losses. The amount of the contribution will be less than in the case of classical insurance, as well as the amount of coverage of the insured event. Property insurance allows you to feel secure and not become a victim of unforeseen circumstances.
Apartment insurance contract
This contract, in addition to the basic data: last name, first name, middle name, passport data, registration, and so on, includes insurance of an apartment with a list of household values in it:
- supporting structures (concrete blocks, beams, columns);
- engineering communications (they are called life support systems);
- all finishing works (interior decoration);
- movable and immovable property (furniture, etc.).
Clearly prescribed amounts that must be paid for certain damages, and insurance claims.In this case, apartment insurance protects you from all possible unforeseen circumstances that could cause you damage.