Home Insurances

General information

Housing industry has grown recently. Insurance market has responded by providing a broad selection of policies. Home insurances offer financial protection for the investment of your life, the place where you live. They are to protect your property against disasters such as fire, break–in or flood and the events such as theft, burglary and vandalism. If you buy extended coverage options you can also protect special items such as jewelry, silverware, business property, cameras, cellular phones and more. Taking into consideration that you can insure your house itself or the things inside, we can distinguish two types of Home Insurances:

• buildings insurances (if you own a property, the building you live in, so the bricks, roof, floors, doors and windows are covered);
• home contents insurances (also useful for those who rent homes or apartments; you insure home electronics, computer hardware, jewelry, works of art, furniture, clothes, sports equipment and other personal items).

You can buy one of these policies, two separate policies or the single policy that covers you for both. The classical insurance is the insurance of everything - equipment and the house. A standard homeowners insurance policy includes four essential types of coverage: coverage for the structure of your home, coverage for your personal belongings, liability protection, additional costs of living in the event you can’t live in your home, due to fire or other insured disaster.

Home Insurances package polices

Home Insurances are package policies – many insurance companies add to the policy the Civil Liability Insurance. It covers both - damage to your property and your liability for any injuries and property damage you or members of your family cause to other people. It protects against losses such as the one when you flood your neighbor’s flat. This insurance embraces also your family and your pets. Personal liability coverage covers you in case of lawsuits arising from things that happen on your property.

To this kind of insurance are subjected all kinds of flats, houses, holiday houses, houses under construction and their equipment.

The damages must arise as a result of things that don’t depend on you, such as fire, flood, hurricane, theft or robbery.

Some things are not embraced in the insurance, for instance: documents, manuscripts, weapon, things used in business, wars or terrorism attacks, etc.