Within home insurance, the most common mishaps are fire and water damage. Therefore, fire insurance is essential due to the magnitude of the risk.
Home insurance coverage:
When you decide to take out a home insurance policy, do not forget to verify that it covers damage caused by water.
The most common losses caused by water are: possible flooding due to heavy rains or damage to your home or humidity caused by a neighbor. The insurance will proceed to the location of the breakdowns and the immediate repair. It is important that they do not have limitations because it is one of the most common damages inside the house and its repair represents a significant expense. Not all multi-peril insurance has 100% coverage for water damage. Most establish the coverage limit in percentages or establish a maximum amount destined for these types of claims.
Generally, this coverage covers damages caused by:
It is usual to find great coverage restrictions on the subject of water damage.
Some of those that are outside the coverage are: damage, leaks or leaks caused by meteorological phenomena Repairs or adjustments of taps, stopcocks, sanitary ware, boilers, etc. cases of corrosion of pipes, location and fix of leaks originating in swimming pools, ponds, wells, etc., the freezing of pipes.
In fire claims the consequences are generally very serious, the insurance must cover us for at least all of the damages. Normally, insurers cover 100% of the damages caused to the continent and its contents. This coverage includes smoke damage. Attention!!! Some policies only cover a percentage of the cost of firefighters.
Generally, this coverage covers damage caused by:
Frequently Asked Questions about Home Insurance Coverage:
Other types of insurance: