A classic home insurance protects against rental risks. In order to benefit from better coverage, it is advisable to take out multi-risk home insurance (MRH). We explain everything to you…
What are the guarantees of home insurance?
First of all, it is mandatory for all tenants and co-owners to take out home insurance. However, even if it is strongly recommended, it is only optional for homeowners or not.
Taking out home insurance protects your home against a possible disaster, such as water damage, fire or theft…
Today, the best-selling home insurance is MRH (Multi-risk home) insurance, because it is more complete and includes, in addition to property damage cover, the civil liability of the insured and that of the members of the foyer.
The three main home insurance coverage MRH are:
- damage to property: you will be compensated in the event of fire, water damage, burglary and vandalism…
- the civil liability of the insured: you will be covered in the event of damage caused by your fault to a third party, such as in the case of fire or water damage, for example.
- “private life” civil liability: all members of the household will be covered in the event of damage caused to a third party, such as bodily injury, material damage and consequential damage.
What are the elements to take into account before choosing a multi-risk home insurance (MRH)?
There are various organizations that offer multi-risk home insurance. In order to help you make your choice among these, in addition to the price, it is important, as papernest points out, to pay attention to certain elements in order to be sure of benefiting from the desired coverage. Indeed, a low price often means minimal coverage.
Here are some important things to focus on:
- The amount of your furniture capital: this is to define the value of the objects to be covered in your home. The higher the movable capital, the greater the amount of your HRM will be.
- Deductibles: this is the sum that will remain payable by you, after reimbursement, in the event of a claim. The higher the deductible, the lower your premium will be.
- Exclusions of guarantees: these are the cases for which you will not be compensated. The fewer warranties a contract includes, the more comprehensive the coverage.
- The guarantees included and not included: it is necessary to check that the guarantees which interest you such as the breakage of glass or the freezing of the pipes for example are included or not.
- Compensation ceilings: this is the maximum reimbursement amount. The higher it is, the less money you will lose in the event of a claim.
- Reimbursement values: this is the value at which your goods will be reimbursed in the event of a claim. In this case, it is possible to take out an additional guarantee in order to be compensated on a new value, otherwise you will be reimbursed according to the obsolescence of the goods.
- Waiting periods: this is the period from which you will be covered since your subscription. Having too long a waiting period can be problematic if a claim occurs before.
Finally, as the papernest experts point out, you should know that it is of course possible to configure your multi-risk home insurance according to your needs, by adding guarantees for your valuables, your exteriors, your swimming pool, your household appliances or even a warranty against electrical damage or hail…
How much does multi-risk home insurance (MRH) cost?
The price of multi-risk home insurance depends on several criteria such as the place of residence, the surface area of the accommodation, the value of the accommodation and the insured property, your status (tenant or owner), the amount of the deductibles or even taxes (tax tax of 30% and “terrorism tax” of €5.90). For more information, you can consult this page.
