When buying a house there are many issues that we don't think about, such as the new responsibilities that come with it. It is time to think, for example, about taking out home insurance. The same is true when we buy a second home: protecting our home becomes an essential step.
Are you looking for the right policy for your home? The reality is that Many people do not know what their home insurance covers and what it does not. As an insurance broker, at Moné we can help you to choose the right household insurance that best suits your needs.
In this post we are going to tell you all the things covered by home insurance that we don't know about, Read on to find out more!
What does home insurance cover?
Did you know that nowadays home insurance is called "home insurance"? “Multi-risk? In the past, these insurances only covered fire, and cost considerably more. Now, however, for a fairly cheap price, these types of policies include a wide range of coverage.
Before delving into the more obscure ones, let's take a look at the following what basic home insurance covers:
- Liability. Imagine that a fault in the pipes in your home leads to leaks in your neighbours' house. In that case, your home insurance would cover the damage being caused to third parties, so you wouldn't have to dip into your pocket. Liability is an essential cover in any home insurance policy.
- Electrical damage. Short circuits or abnormal currents can cause electrical damage - to your television, fridge, etc. - which is covered by your home insurance.
- Fires. If your home catches fire, the insurance covers the damage up to the limit included in the policy.
- Thefts. Most home insurance policies cover both the building and the contents, that is, both the damage to the structural part of your home in the event of burglary and your personal property.
So, are there things that are covered by home insurance that we don't know about? That's right, and that's because many are apparently unrelated to our home. We'll tell you all about it!
1. Theft of your credit and debit cards
Has your credit or debit card been stolen? Your home insurance will vouch for you. If, in addition to stealing your card, they have also made a fraudulent use If you have access to your bank account, your insurer may be able to compensate you for this expense. However, always within an agreed limit.
2. Change of lock
If you're naturally absent-minded and can't find your house keys, you'll probably have to change the lock. Don't worry! In many cases, your home insurance will covers the costs for loss of keys or replacement of locks, although this guarantee will depend on each policy. In addition, it is important that you call the insurance company to see if you can count on any locksmith or if it should be the assistance professionals who attend to you.
In some cases, your company's back-up is practically guaranteed. For example, if your lock gets stuck and prevents you from leaving or entering your home, the company will cover the opening of the lock.
3. Loss of refrigerated food after a power failure
Have you ever gone on holiday and when you came back you noticed a putrid smell coming from the kitchen? This happens much more often than you think. A simple power outage can throw out lose all the food we had in the fridge and freezer.
When this happens, the costs of losing all that refrigerated food may be covered by your home insurance. Keep in mind that most insurers set a maximum amount for the loss of refrigerated food. compensation to replenish your spoiled foods. On the other hand, it is important that you provide evidence, such as photographs of the spoiled food.
4. Handyman service
If you're not particularly good at DIY or don't have the time to dedicate to it, don't despair! Many home insurance companies include the “handyman” service so that you can solving small maintenance tasks in your home with the help of a real professional.
Putting up curtains, assembling furniture or putting silicone on the shower tray are tasks that sometimes require not only tools, but also knowledge and experience. Home insurance normally covers the and manpower. Although companies usually impose a maximum number of interventions per year, this help always comes in handy!
5. Solar panels
Many people are currently installing solar panels in their single-family homes in order to supply themselves with this energy. These panels can be included in your home insurance, and thus be covered in the event of fire, theft or breakage. Remember that are part of the continent of your home! It is therefore advisable to report it to the insurance company or your insurance broker.
6. Replanting gardens and groves
Your home may have a garden or woodland area. Unfortunately, unexpected climatic phenomena happen and can do a lot of damage to this area of the house. That is why there are many home insurance policies that cover, for example, the replacement of these trees, although always with previously agreed limits.
7. Deletion of the fingerprint
The digital footprint involves all those traces that we unwittingly leave behind when we surf the Internet and use social networks. Many home insurance policies offer to erase that digital footprint in the event, for example, of the death of a person, but also when it generates a damage to our reputation or personal image and we want to disappear from the network.
8. Uninhabitability of the dwelling
If you are temporarily unable to live in your home because of fire or similar damage until it is repaired, the insurer may be able to cover the cost of rent or a hotel, so that you can cover the costs until you can return home.
9. Medical and psychological counselling
Among all the things covered by home insurance that we don't know about is medical and psychological counselling. For example, the Allianz Home Plus policy includes an telephone assistance service 24 hours a day, 365 days a year, thanks to which policyholders can resolve any queries they may have.
10. Aesthetic damage
One of the most important coverages is that of aesthetic damage. Imagine that a pipe breaks in your home and floods part of a room and there is no longer a parquet floor of the same type, you would have to change the floor of the whole room! And it is precisely there, to help you repair the part that is not directly damaged, that this cover would come into play. The same happens if a tile breaks in your bathroom and there are no replacements.
As a tip, we recommend that you take out at least 3,000 euros in this cover, as 1,500 euros is often not enough.
What is not covered by home insurance?
We are sure that some points in the above list have surprised you, but all that glitters is not gold. If we talk about this type of policy, we must also talk about what home insurance does not cover. We'll tell you about it:
- Claims caused by lack of maintenance or misuse of the home, such as burst pipes that you know are deteriorated or in poor condition (e.g. rusted) and you do not repair.
- Damage caused by a PPP pet, as potentially dangerous dogs need to have a pet insurance specific.
Get good home insurance cover
At PIB Group Iberia we work with more than 20 home insurance companies and we processed almost 1,000 claims per year in our clients' homes, which is why we know exactly what cover is needed in the event of an incident. If you are looking for the best home insurance, you can rely on our team.
It doesn't matter whether you want to take out a basic home insurance policy or a much more comprehensive damage cover. If you decide to contact us, we will advise you to find the policy that best suits your requirements and your home. After that, we'll still be there to support you with any questions or problems with your insurer.
Don't wait any longer and get the best home insurance cover from us, we look forward to helping you!
