To protect your home, it is essential to take out home insurance. It is generally intended to cover the home and annexes not attached to the main building (garage, cabins or swimming pool) in the event of damage. Also known as a “multi-risk home” or MRH contract, it also covers property on the property as well as incidents caused by neighbours . Usually, the insurance policy covers all damage to the physical structure of the house. For certain contracts, it covers repair costs if the residence is the victim of a claim. Consult your insurance company for more details on the subject.
Regarding the type of insurance to take out, it differs depending on whether you are an owner or a tenant. First of all, if you are a homeowner, home insurance is not compulsory. However, it is highly recommended since in the event of damage or claims, you will be responsible for paying the full cost of repairs. By taking out multi-risk home insurance, the company will cover losses caused by burglary, explosion, fire or water damage .
Your real estate and furniture will also be insured: apartment, furniture, valuables, equipment and household appliances. Depending on the contracts, the insurance may also cover civil liability. If you or members of your household cause damage, without doing so, to an outside person, the insurer will be required to compensate them. It could be your children, your spouse or your pet.
As far as contracts for tenants are concerned, home insurance generally includes insurance against tenant’s risks and the recourse of neighbors and third parties. Compulsory for anyone renting accommodation, rental risk insurance only reimburses repairs to damage to the building: fire, explosion and water damage. It therefore does not cover damage caused to neighbors or to your property . In addition, the tenant must be renewed each year. In the same way as the “rental risks” insurance, the “neighbours’ and third parties’ recourse” guarantee covers damage to your neighbours’ property. Even if it remains optional, it is still recommended to avoid compensating your neighbors in the event of fire, explosion or water damage.
The last option for tenant insurance is the “multi-risk home” guarantee. Unlike tenant’s risk and recourse insurance for neighbors and third parties, this contract also aims to guarantee your property and valuables . Basically, it combines the two formulas while completing the offer. Moreover, this offer remains the most common and the most complete. For more information, you could click on the following link: https://www.axa.fr/assurance-habitation/offre-assurance-habitation.html.