Home insurance can be one of the most profitable investments for anyone. And it is that, the owners of the real estate see how the contingencies that could have a high cost, end up without having any repercussion on the family’s economic health.
With this type of policy, not only is the home protected, but they also offer the peace of mind of being covered against certain circumstances that can destabilize the family.
The home is one of the most precious assets for people and the comfort of its inhabitants depends directly on it. Therefore, it is beneficial to have good coverage that quickly and efficiently solves any incident that occurs at home.
In addition, owning a home is not exempt from liability, so it is advisable to have home insurance to help you deal with any possible unforeseen events.
In this way, not only is the property and the assets within it protected, but civil liability is also covered. Added to this, in properties that are intended to be rented, it can become even more important to have an insurance policy that covers as much as possible.
The high cost of unforeseen events at home
With the passage of time, damage may appear in homes that must be repaired to maintain the habitability of the property. Depending on the type of fault to be repaired, its cost can fluctuate a lot.
In the event that this problem appears in a bad economic situation for the homeowner, it can generate a great imbalance in their monthly budget, with the problems that this entails.
For example, the cost of repairing a minor incident due to dampness, caused by a leak or a drip, easily exceeds 600 euros. That without counting the damage that it can cause in the furniture or the damage to the neighbors.
The home insurance policy, first of all, must guarantee protection against damage to third parties. In this sense, if there are problems with a pipe that affects a neighbor’s property, the home insurance will assume the expenses incurred.
In addition, far from what you might think at first, the home insurance price is not high at all, as can be seen by consulting the experts at Catalana Occidente.
With this online insurance calculator, and in just two minutes, you will be able to discover the three most interesting proposals on the market. Among the data necessary to make the calculations of the policy, you have to have the year of construction and the surface of the house at hand, although it is possible that the website itself obtains this data directly from the cadastre when entering the address.
Likewise, in the case of a mortgage, the details of the mortgage and a mortgage clause, if necessary, must be included. On the other hand, you have to give the data of a bank account to be able to carry out the contracting of the insurance.
Most common contingencies
One of the most common unforeseen events are leaks, which we have already talked about previously. It is one of the accidents that are most reported to insurers within domestic accidents. Specifically, it is 41.2% of home incidents, according to data from We are surea policy information platform.
The second most important problem, accumulating a good number of cases, is that of broken glass. According to this same source, in Spain, home insurance receives a notice every 26 seconds for glass breakage, be it a door, a table, or a window.
Last but not least, electrical damage and malfunctions are also among the most common unforeseen events. These are caused by adverse weather conditions, thefts and fires, which give rise to more than 15,000 warnings in homes every day.
The importance of choosing a good home insurance for your economy
As you can imagine, not all domestic policies have the same coverage. In order to be calm, it is important to make a good choice when hiring insurance. Since the level of protection to which the home will be entitled in the event of a mishap will depend on it.
Indeed, depending on the type of insurance chosen, the coverage will include the building, construction, interior belongings (such as furniture, appliances, clothing, jewelry…), civil protection, theft and glass breakage.
In the case of wanting to include damages due to natural disasters or accidents, elements such as hail, earthquakes, hurricanes, volcanic eruptions, floods and fires will have to be indicated.
In hiring it is also important to take into account two types of values. On the one hand, the destructible or replacement value refers to the cost of the construction or structure and does not vary from one area to another. On the other hand, the commercial value, which includes construction and capital gains.
Finally, it is worth mentioning that the sum insured must be defined based on a market study or an estimate.