Insurance

Home insurance is one of the essential insurances of daily life. It allows you to be compensated by your insurance company in the event of a claim in your accommodation. Zoom on the characteristics of this type of contract.

Is home insurance compulsory?

Home insurance is compulsory for tenants , including tenants of furnished accommodation , and co-owners (owners of a lot in a condominium).

The insurance obligation for the co-owners is limited to the civil liability guarantee towards the co-ownership, neighbors and third parties as well as possible tenants.

What does home insurance guarantee?

Home insurance protects the family patrimony. Most insurers offer multi-risk home insurance (MRH).

This type of contract mainly covers damage to property, the insured's civil liability and "private life" civil liability.

Housing and furniture cover

The multi-risk housing contract (HRM) covers damage that could affect the insured's property: fire, water damage, freezing of pipes, natural disaster and storm, burglary and vandalism, glass breakage.

In principle, cash, securities and securities, professional goods and vehicles are not guaranteed by the HRM contract. Valuables are guaranteed according to contracts.

Real estate guaranteed by the HRM

• premises for residential use (house or apartment)

• fences and retaining walls

• the share of the common parts if you are joint owners

• outbuildings (mainly built in hard)

• garages and cellars

• real estate developments

• verandas (if declared during subscription)

Property excluded from HRM

• buildings under construction

• plantations, plants

• lighting or leisure facilities

• external pipes

• garden shelter

Liability of the insured

This guarantee makes it possible to compensate your neighbors and third parties victims of damage for which you would be responsible (water damage, fire arising inside your home and causing damage to others).

“Private life” civil liability coverage

This guarantee covers you and the members of your household in the event of damage or claims caused to a third party. It applies in the event of consequential bodily, material and immaterial damage.

How to take out a home insurance contract?

You can contact one of the following organizations:

• an insurance company

• a general insurance agent

• a broker

• a bank

Do not hesitate to contact several agents to compare their proposals because the rates set by the insurance companies are free. They can therefore vary from one company to another.

The insurance proposal must include an information sheet on prices and guarantees, as well as a copy and its appendices or a detailed information notice.

The documents must indicate:

• warranty limits

• the conditions for triggering the guarantee for liability contracts (triggering by the harmful event or by claim)

• the applicable law and the bodies to be seized in the event of a dispute

If the insurance contract suits you, you must sign it and return it to the insurer. He will send you a certificate proving the existence of the contract.

How is your home insurance influence planned?

The amount of your premium or insurance premium is fixed by your insurer when you take out the contract. It is generally calculated according to the risk declaration form that you have filled in to ask your insurer to cover your accommodation.

The following are taken into account:

• the place of residence

• the value of housing and insured property

• the area of ​​the accommodation

• your status (tenant or owner)

• the amount of the deductibles (the lower the amount of the contribution, the higher the amount of the deductibles)

• the taxes on insurance products paid by insurers to the Treasury and which are reflected in the contract price (tax tax of 30% and "terrorism tax" of € 5.90 per contract levied to finance the Guarantee Fund for victims of acts of terrorism and other crimes).

Can your insurer upsurge your home insurance quality?

Yes. if your contract contains a review clause, your insurer may increase the amount of your insurance premium each year.

You can refuse this increase by terminating your insurance contract for an increase in the premium, within 15 days of receiving the notice of expiry.

Your insurer can also reassess your contribution via the indexing mechanism. The increase in premiums and guarantees is linked to the progression of an index representative of the price increase in one area (for example the benchmark index of the French Federation of Building FFB ).

If you signed an indexed contract, the amount of the index must appear on your notice of maturity.

At what time you shoul pay your home insurance ?

You can pay your subscription on the due dates. Several options are available to you:

• payment in one lump sum when due (contract anniversary date)

• payment in several installments during the year if your contract provides for a split of contributions (monthly, quarterly or semi-annually). Each of these interim payment deadlines is a secondary due date.

You have 10 days from the due date indicated in your contract to pay your insurance premium.

If this period is exceeded, your insurer will send you a letter of formal notice in AR.

30 days after the expiration of this period, your home insurance contract will be suspended for non-payment of your contribution.

How to terminate your home insurance contract?

You can cancel your insurance contract before it expires.

You must address your request to your insurer by registered letter with acknowledgment of receipt (AR) in the cases provided for in the general conditions of your contract. To know more click here.