Home Insurance

What is home insurance?

Protection for your home

This type of insurance offers protection to properties intended for housing, whether permanent or seasonal. In some cases, this protection may refer both to the physical structure of the property and to what is inside it. Due to its breadth of coverage, home insurance is considered multi-risk insurance, as several insurance policies are combined in a single policy formed by the chosen this page coverage, according to the client's needs.

According to the National Federation of General Insurance - FenSeg, the demand for home insurance has been growing. This is because the cost x benefit of joining the home insurance contract is quite positive in several aspects.

To compose the cost of home insurance, several factors are considered, such as the type of property and the number of coverages.

The fact that home insurance has a low cost compared to other insurance is one of the strengths of this service. To compose the cost of home insurance, several factors are considered, such as the type of property and the number of coverages.

However, the total expense does not compare with the amount spent on car insurance, for example. On average, annually the home insurance policy varies between 0.2% and 0.6% of the property's value. To give you an idea, the cost of auto insurance varies, on average, from 3% to 6% of the vehicle price. The fact that home insurance has a low cost compared to other insurance is one of the strengths of this service.

To compose the cost of home insurance, several factors are considered, such as the type of property and the number of coverages. To give you an idea, the cost of auto insurance varies, on average, from 3% to 6% of the vehicle price. annually the home insurance policy varies between 0.2% and 0.6% of the property's value.

What can home insurance offer?

With the contracting of this type of insurance, the client can have his residence protected against fire, gale, lightning, theft, electrical damage, collapse, and possible damage to third parties, among others.

In addition, there is also emergency assistance for various services, such as a plumber, unclogging, locksmith, electrician, and appliance repair, among other alternatives.

There are two classifications for home insurance coverage, basic and complementary. Each category consists of a set of risk items.

For asset replacement or indemnity in case of possible losses and damages, each risk must be described in the contract.

In addition to the main coverage, which includes fire damage, lightning strikes, and explosions due to cooking gas and its consequences (collapse, expenses with fire fighting, debris, among others), the insured can choose to insert numerous other specific protections to adapt the policy to their needs.

Reasons to get home insurance

  • Cost x benefit

The low-cost x the alternatives offered in the policy are attractive. This multi-risk insurance offers coverage guarantees and functional emergency services of various kinds, which, if they were hired separately, would be much more expensive.

  • Personalization of coverage

This is a great point, as it gives the customer the autonomy to set up a policy according to their needs without having to have a plan full of unwanted and unnecessary services that only make the product more expensive.

  • Financial tranquility and family security

In case of incidents covered by home insurance, the insured will receive compensation to cover his loss. In addition, you can count on 24-hour assistance to carry out home repairs, avoiding strong budgetary impacts.

Coverage against Designated Risks includes:

  • theft, including damage caused by attempted theft damage caused by fire, lightning, explosion and smoke
  • certain types of water damage that originates inside the house the hail and wind storms
  • impact of a vehicle or plane the impact of an object (insofar as this object is not floating)
  • damage caused to objects during transport

The All Risks coverage includes the risks described in the Designated Risks coverage as well as the loss of your personal property and the accidental breakage of your personal property.

  • Earthquake

This option protects you against loss or damage caused directly by ground movement and the consequences of an earthquake.

  • Oil leak

If your heating system includes an oil tank, this option will protect your home from damage to your property and contamination of the soil around your home in the event of an oil leak or overflow.

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