No matter your status, landlord owner, owner occupant, tenant, or co-owner, home insurance guarantees your protection against multiple everyday life damages. In the event of an unavoidable disaster, the insurer covers your compensation.

Like car insurance, it is not mandatory for certain profiles. That is why many independent owners do not give it enough importance.

They prefer instead to wonder about decor ideas to arrange a beautiful terrace. However, they make a serious mistake. To better understand our ideas, discover the key points to know about this type of contract.

When Should You Subscribe to Home Insurance?

A house is subject to unforeseen events or damages that may require separate compensation. Home insurance can take care of this by offering you many interesting options. To enjoy optimal protection, it is necessary to subscribe to this contract.

As mentioned in the introduction, the latter may be optional for owner occupants or independents. However, it is recommended because no one is safe from accidents even at home.

In case of damage such as theft, worrying cracks, or a fire, the owner is required to guarantee compensation for the damages, whatever their nature.

That’s not all, they must pursue their own claims against the person responsible for the damage. Even worse, they will not be compensated.

It is their responsibility to cover the replacement of their belongings or the reconstruction of the entire house after a fire. To avoid these situations, it is advised to subscribe to home insurance.

Unlike the owner, this contract is mandatory for tenants. Whether the dwelling is furnished or not, they remain responsible for the damages. Indeed, they must repair any possible damage.

To cover these risks, subscribing to home insurance is of primary necessity. They must at least choose a rental risk guarantee. However, multi-risk home insurance is the most comprehensive option since this plan covers several risks.

Like the tenant, the roommate is required to insure a house or apartment in shared accommodation against various rental risks. It should be noted that some damages caused to neighbors or the belongings of other co-occupants are not covered by this insurance.

When Should I Insure My House?

During construction work, it is imperative to protect yourself against unforeseen events. Since some incidents may seem inevitable during the construction site, it is crucial to always take precautions to avoid the worst.

When should I insure my house?	Explanations
As soon as you buy or rent the property	The insurance must be taken out before moving in to be covered from the first day.
Before signing the lease (tenant)	The landlord may require an insurance certificate before handing over the keys.
When moving	You must transfer or modify your contract to cover the new home.
In case of major work	Certain works require an extension of coverage or a declaration to the insurer.
Upon receipt of a new property	As soon as the property is delivered, it must be insured, even if it is not yet occupied.
As a non-occupying owner	Even if the property is empty or rented, insurance is recommended to cover risks.

Thus, as soon as the property is watertight and airtight, the owner must be cautious. They must insure it by taking out a non-occupying owner insurance.

This must also include several guarantees such as weather damage, fire, explosion, civil liability, and many others. So, before asking yourself  how to treat humidity in the house, it is better to provide yourself with optimal protection limiting any risk.

At the end of the work, the owner must then take out a multi-risk home insurance or MRH after moving in. Even though it is not mandatory, it is still highly recommended.

For a rental, the insurance contract will be taken out shortly before signing the lease, upon entering the premises or upon handing over the keys. It will be concluded for a full year. Then the agreement is automatically renewed unless the insured requests termination.

Whether you were a tenant or an owner, home insurance compensates you following a claim in the dwelling. If the damage in question is covered by the insurance, you will certainly be compensated according to the damage suffered.

It should be noted that covered claims vary depending on the insurers. In general, they cover damage caused by natural disasters, fire, water leaks, vandalism, or burglary.

As for the civil liability guarantee, it allows compensation for other victims of damage as well as your neighbors. There is also the private life civil liability guarantee which covers your family members in case of accidents caused to a third party.

Besides that, it is entirely possible to take out additional guarantees for example to cover your valuables or jewelry, your garden shed, or even your swimming pool.

How to take out home insurance?

• Prepare the necessary documents: When moving into a new home, focus only on important matters. Before asking the question which furniture to choose for your house, it is necessary to find out which documents to prepare to take out home insurance.
• Provide supporting documents: Whatever the offer, almost all companies will ask you for a copy of your identity card and a bank account details (RIB). If you are renting, you are asked to present a copy of the rental contract and proof of income for the last 6 months.
• Compare the available offers: Faced with an infinite number of options, it is essential to choose the best home insurance. It is advisable to make a comparison to help you find the right one. Moreover, some websites offer an easy-to-use online comparator.
• Fill out the subscription questionnaire: Once you find the suitable plan, you must fill out a questionnaire allowing the insurer to create a contract.
• Provide information about the property: For example, you must provide information related to the nature of your property, its size, the number of rooms, its location, and much more.
• Review the contract draft: After gathering and reviewing your information, the insurance company will send you a contract draft based on your data and an information sheet indicating the amount of contributions, the scope, and the exclusion of guarantees.
• Sign and finalize the subscription: If you have no objections, the final step is to sign the proposal and then send it back to the insurer. After their approval, they will send you all the general and specific conditions of the contract as well as an insurance certificate.

What is the average price of home insurance?

Despite the variety of home insurance prices, it is still possible to identify the average pricing in France. In 2020, the home insurance premium was around 131 euros for an apartment. As for a house, it was 229 euros.

In 2021, the average cost of housing insurance was 153 euros compared to 157 euros in 2020. In any case, insurers rely on multiple parameters to calculate the rate, namely the profile of the prospective insured. This criterion allows them to know whether the person is the owner or tenant.

Insurance companies also take into account the declared value of their personal property such as artworks and devices.

Also, the characteristics of the property, the place of residence, and the options to subscribe to are among the criteria considered when calculating the cost of home insurance.