Buying home insurance seems easy. Is it enough to hire auel with the best price?
The truth is that it is enough for us, because the cheap is often very expensive.
Have you ever stopped to think why you often hear that insurance companies do not cover anything?
If when buying an insurance policy you look no further than the price, don’t complain if your policy “doesn’t cover anything” later.
5 KEY FACTORS TO TAKE INTO ACCOUNT
Read the contract
It is also common to hear that it is presumed that the insurance contract has not been read. Or rather, to read it to him when we already have the claim on us. The contract must be read, not because we want to dedicate ourselves professionally to selling insurance, but because if we do not do so, we cannot blame the insurer for not covering that pipe break due to frost that we will suffer in the second home we have in a town in Segovia . Or that leak from the beach house by the cold drop.
Describe the risk well
It is not the same that our house is the main home or a second home. That we rent it or that we use it sporadically in season. It is not the same to have or not a garden that we care about, or that it is in an urbanization or in the middle of a meadow. Describing the home properly is the first thing we need to worry about. Let’s not leave this task in the hands of an insurance agent who will not even come to see our home.
It is not the same if it has bars or not, if there is a door or two and if the locks are security or ordinary. If we have an alarm or we do not have it. And none of this is the same whether we want to contract theft coverage or not.
Hire the coverage we need
Insurance policies often contain multiple coverages that we don’t know what they are for. We tend not to give them importance. But many of them are really important. IF nothing worries us about our house except that it falls on a pedestrian, we contract only civil liability. But if we are concerned that it will burn, we contract a fire, that the water is filtered, we contract leaks through the roof and facade, if we are concerned that a pipe will break or the water will escape, we contract water damage, if the irrigation programmer will it remains open, excess water consumption, if we burn the power stage of that amplifier that we give ourselves, it includes breakdown of electrical equipment; if they steal theft, and if we have valuables, let’s not stop telling them and documenting it for insurance.
Do not racane with the value of things
Do not overdo it or stay short, lest the insurer apply a so-called proportional rule to you when the claim arrives, by virtue of which, if you have fallen short in assessing what was at risk, 50% will compensate you with half of what would correspond.
Beware of coverage limitations
The contracts are made to delimit the risks. In other words, the insurer does not want to pay you for the deterioration caused by time in things. Nor does he want you to keep the house at his expense. So they usually put limits on what is covered. And if they limit you have to say it and when you say it, they are required to highlight it in bold in the contract. Read it.
Be careful what is excluded from coverage
It is the last of the spaces that should concern us. In addition to limiting the coverage space, the insurer proposes exclusions, things that happen that it will not pay for. We will give an example: Wind damage. The insurer usually limits coverage to wind speeds above 80 km / h. And it usually excludes those that exceed 120 km / h