Choosing home insurance can be complicated. When you start looking, many factors appear that can increase the price or limit the cover. For this reason, it is important to understand how the policy works and to receive the right advice in order to obtain the highest possible protection.
Key Points for Choosing Home Insurance
There are several basic guidelines that should be reviewed when choosing a policy for the home. Taking these factors as a reference makes it easier to understand what the policy covers and when it can be used.
What Covers Are Included?
The first point is to know which covers the insurance includes, both for damage caused to the home and damage that may be caused to third parties. This latter part is known as liability, and it is advisable for it to cover around EUR 600,000.
In addition, if you have a pet or an item considered valuable, it is important to declare it in the insurance so it is covered in the event of an incident. Basic packages usually cover the most common problems, but depending on the location of the home, it may be advisable to add extras such as frost damage.
What Insured Sums Are Included?
When we talk about capital or insured sums, we refer to the amounts insured in the two parts included in home insurance:
- Contents: the objects or belongings inside the home that can be moved. This includes furniture, appliances, clothing, electronic devices and other items.
- Building: everything that forms part of the structure of the property, such as pipes or walls.
Each of these parts has an insured sum used to respond to a claim. It is important to know the value of each one in order to ensure they are properly covered. Policies usually include both concepts, although nowadays it is possible to insure only the contents or only the building in specific cases, such as rented properties.
What Are the Exclusions?
Exclusions refer to causes that generate damage but are not covered by the insurance. These exclusions often affect elements already damaged before the insurance was taken out, old installations or theft caused by negligence, for example leaving the door open.
All exclusions must be clearly reflected in the insurance contract and, more specifically, in the general conditions.
Which Insurer Should You Choose?
When taking out home insurance, many companies offer this service. It is important to consider the points above in order to choose the option with the best balance between cover and price. Working with an insurance brokerage gives you access to professional advice from the sector to choose the best option. Contact our team without obligation.