Home insurance: 5 points to check in your contract

1-Limits to the coverage of guarantees

Check that your insurance is the multi-risk home insurance. Indeed, it is the insurance which guarantees you the best against the various disasters which can arrive in the everyday life such as the fire, the damage of waters, the burglary, the civil liability,... You will find here all answers to your questions about home insurance.

2-Deductibles

The amount of the deductibles is an important point to check before signing your contract. Indeed, this amount influences a lot the premium to pay. As a reminder, the franchise is the amount your insurer will not pay in the event of a claim. It is therefore essential that you estimate the level of deductible you are willing to assume. 

3-Exclusions of guarantee

You should also check the contractual exclusion clauses before signing in order to be properly compensated in the event of a claim, so that you know all the damage for which you are covered. Indeed, these clauses exclude guarantees for certain damages, certain objects and certain situations. And you should know that the law prohibits the insurer from guaranteeing certain actions such as, for example, an insured who voluntarily burns down his house in order to collect the insurance.

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4-Beneficiaries of the home insurance contract

It is equally important to verify the identity of the beneficiaries of the home insurance coverage. The policy should specify in black and white who will be reimbursed in the event of bodily injury, as well as the activities covered by the policy within the home. Normally, every member of the family who occupies the home is covered by the insurance, even other people who live in your home.

5- The method of reimbursement

Another point to check, and not the least, consists in the mode of refunding in the event of disaster. It is important to know that in case of compensation in replacement value, you will be reimbursed for the damage up to the new price of the goods. On the other hand, if the reimbursement applies the depreciation coefficient, the indemnity is to be estimated according to the level of wear and tear of the damaged goods. 

Legal protection for sellers, for lessors, for buyers, for tenants 

In the field of real estate, disputes are not rare, even numerous. Thus, having a legal protection is essential for the main actors who evolve in the sector such as the sellers, the lessors, the buyers and also the tenants. 

Legal protection for sellers

A real estate seller, whether he is a professional or a private individual, must take out legal protection insurance, particularly in the context of protection against hidden defects. Indeed, the law stipulates that the seller is required to guarantee that the property is free of hidden defects that would make it unfit for the purpose for which it was intended at the time of sale. 

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Legal protection for landlords

Landlords are also exposed to various conflicts with their tenants, whether they are conflicts during the course of the lease, or at the end of the lease. These disputes may be related to the collection of rents, or eviction procedures,... But also, disputes with the co-ownership, the public services,... may also be apprehended. To solve these problems, the lessor can subscribe to a legal protection insurance which will be able to cover the possible expenses in the case where the responsibility of the lessor is engaged in a litigation with a neighbor or the tenant himself.

Legal protection for buyers

A property buyer is never safe from hidden defects, i.e. defects that were not detected at the time of purchase. Therefore, it is advisable for buyers to take out legal protection to defend their rights. Through this protection, it is possible to obtain a downward revision of the purchase price of the property, to obtain damages, or even to obtain a cancellation of the sale itself.

Legal protection for tenants

In general, tenants feel they are in a weak position with their landlords, especially when it comes to certain repairs such as replacing the boilerThe tenant legal protection facilitates the amicable or legal recourse in case of extra-contractual litigation with the owner. 

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