Home insurance protects against financial losses if a flat or house is damaged. Let us see what to look at.
What can be insured
- Structural elements: walls, floors, windows, doors.
- Interior finishing and utility equipment.
- Property: furniture, appliances, belongings.
- Civil liability: if you flood your neighbours.
What it insures against
Usually against fire, explosion, flooding, natural events and unlawful actions of third parties. Different insurers include different lists of risks, so read the contract carefully.
Risks linked to war
Many insurance programmes exclude war risks. There are state and special compensation programmes for damaged housing that operate independently of insurance. Check current terms in official sources.
What to pay attention to
- The sum insured. It should match the real value of the property.
- The deductible. The part of the loss you cover yourself.
- Exclusions. What is not covered.
- The payout procedure. What documents to submit and by when.
How to receive a payout
Notify the insurer immediately, record the damage in photos and video, call the relevant services if needed and keep all documents.
Compare several offers and ask about everything that is unclear before signing the contract.
