What is home insurance?

What is home insurance?

Home Insurance: What is it?

Better understand what home insurance is so that you can choose better then. Full explanations and articles valid whether in Arras or elsewhere :)

home insurance arras

Definition of home insurance
Principles and compulsory nature of home insurance
What are the possible guarantees?
The different home insurance contracts
Home Insurance Blog Posts
Definition of home insurance
A home insurance contract provides financial coverage for a home and its contents in the event of a claim. Subscribing to this insurance has certain advantages. Despite everything, it is sometimes difficult to choose the guarantees that best suit your individual profile. What should I know about this home insurance? The answers in the following.

Home insurance: operation
Home insurance is dedicated to homes. Its main objective is to compensate the victims of a loss suffered during the occupation of a dwelling. Compensation often takes the form of a sum of money paid to the subscriber. It is set by the insurer based on the extent of the damage and can be partial or total (depending on the conditions of the contract).

Incidents and / or accidents (water damage, fires, burglaries, etc.) covered by home insurance vary depending on the guarantees taken out when the contract was concluded. If you want to enjoy more guarantees and protection, you will have to pay higher contributions. Note, however, that the importance of warranties is not the only criterion that influences the cost of home insurance.

Is home insurance compulsory?
Since Law No. 82-526 of June 22, 1982 on the rights and obligations of tenants and lessors, any tenant (house or apartment) has the obligation to take out home insurance. However, this obligation only concerns empty unfurnished accommodation. Thus, every year, the lessor has the right to require from his tenant a home insurance certificate. This certificate proves that the tenant has taken out home insurance. For tenants, the minimum mandatory guarantee is "rental risk" insurance.

In addition to tenants of unfurnished property, occupying or non-occupying owners whose housing is jointly owned (law n ° 2014-366, Alur law) are also required to take out home insurance (condominium housing). The occupying or non-occupying owner is therefore exempt from this obligation. However, in the event of an accident and if he is declared responsible, all damage caused to others will be entirely at his expense. To protect your property, you are therefore strongly advised to take out insurance.


 
By omission, residents who are in the following situations are not required to take out home insurance: free accommodation, seasonal rental, official accommodation, non-occupying owner, occupying owner, furnished accommodation.

The various home insurance contracts
To subscribe to home insurance, several options are possible. First, there is "rental risk" insurance, the legal minimum required for tenants. The guarantees it offers are quite limited since it does not cover damage to the building and the tenant's property as well as damage to neighbors. It only plays for damages in the event of fire, explosion or water damage.

If you are looking for more extensive coverage, it is possible to opt for "neighbor and third party recourse" insurance. It is generally offered at the same time as the “rental risks” guarantee and makes it possible to cover claims that occur at home and affect the property of the neighbor. The only downside is that your belongings (whether you own or rent) are not covered by this home insurance.


 
Finally, there is multi-risk home insurance (MRH) which offers the maximum amount of guarantees. It protects the insured and his home by covering all the risks of the home. Thus, HRM insurance covers a house in the event of fires, natural disasters, water damage, terrorist attacks, broken glass or even explosions. Its protection also extends to furniture, valuables and household appliances. For this last point, it is important to carefully check the home insurance contract at the time of subscription. With some insurers, valuables are not part of the so-called basic guarantees of their HRM contract.

How is the compensation paid in the event of a claim?
As with any insurance contract, the compensation paid by the insurer to the insured never exceeds the value of the insured home