Living in a house or rented house is not without risk. It is therefore important to ensure your well against any damage to your house and contents insurance, so you do not have to face huge costs if the unlikely event something would happen. But what insurances exist for houses and house insurance which you really need to buy or rent a property? What are the main home insurance, you must exit as a homeowner or tenant?
Home insurance or home insurance
With a home insurance or home insurance is your house insured against damage caused by, among other robbery, burglary, storm, lightning and leakage. When you're homeowner, this insurance compulsory. The insurance covers damage to everything in the house itself is connected as doors, walls, sheds, pipes, roof and foundation.
Everything is ensured with a contents insurance of chattels, with money and jewels to insure separately. You're basically always insured against damage to your home caused by fire, burglary, storm and water damage but the exact conditions and the maximum sum insured vary by household insurance.
Housing Costs Insurance
A housing costs insurance ensures that you in case of unexpected unemployment, illness or disability, yet you continue to pay your living expenses. You'll have protection against an unexpected drop in income and you can when something like this happens to continue to meet your commitments in your home.
A liability insurance covers damage that you, your pets or family members cause to other people unintentionally. In the case of a house could be that you are liable for damage to a rented house or accidental damage caused to neighbors.
Legal expenses cover legal fees, arising from a dispute with other parties. In the case of a house you should think of disputes with a landlord or neighbors or for example the municipality.
It is also recommended to take out legal expenses, so that you are protected in case of any conflict with the landlord relating to the lease. A liability insurance is recommended when there is damage would occur to the rented accommodation. A lesser known but definitely recommended insurance is the rent guarantee insurance or housing expenses insurance, which ensures that when you can not meet your rental obligation due to illness or losing your job can still keep your rent to pay and can stay in the rental house live.
Owning a home is recommended by the Association of Home to exit next to the basic insurance is also liability insurance and legal expenses. It is also advisable to take out an insurance housing costs, so you can continue to meet if you lose your job or prolonged fall ill or disabled on your mortgage obligations.
Insurance home: What kind of insurance do you really need?