When it comes to home insurance, the reaction is almost always the same: we tend to make doubt and skepticism the driving force behind every choice and rather than investing in a guarantee, we a priori renounce making an expense, often considered unjustified.
Instead, we must abandon all cultural conditioning and convince ourselves that activating an insurance policy is worth it, beyond all expectations and for a specific reason. Insuring your home means protecting a valuable personal asset against possible damage or risks that could irreparably compromise its structure, putting a financial strain on the family budget. We asked leading experts in the field which insurance policies are appropriate to activate on the property and why. Let's see together what they recommend.
Fire in the dwelling and its contents
Among the least frequent but most damaging events for our homes, fire definitely occupies the first place. A fire can be caused by a trivial distraction, a cigarette left lit, for example, or by a malfunction in the electrical system, perhaps due to atmospheric phenomena.
Fire insurance covers your home for direct and material damage caused by fire, explosion, implosion, and bursting. The costs incurred in the event of a fire in your home, if you are not insured, can be very significant. There are two types of insurance: replacement cost or absolute first risk. Replacement cost is damage insurance that provides compensation equal to the value of the property. Absolute first risk, on the other hand, sets a maximum threshold for damage compensation. The insurer's advice is to insure the entire value of the property, then choose the replacement cost to ensure full compensation. For damage caused by fire, it is also possible to insure the contents of the property. This type of policy was created for those who want to protect the belongings inside the home against the risk of fire. Generally, for contents insurance, there is a maximum amount up to which the company will compensate for the damage suffered.
Responsibility for running the house
What would happen if an object accidentally fell from your balcony and damaged something or someone? Without insurance, you would be responsible. By activating a policy instead, the insurance will cover the cost of the damage up to 100%, depending on the terms of use.
Catastrophic guarantees
Nothing is more unpredictable than a weather phenomenon. According to the latest reports on climate change and given the increasingly frequent occurrence of earthquakes and floods, natural disaster insurance allows you to protect your investment by providing financial support for the repair or reconstruction of damage caused by such events.
In addition to the above, another insurance policy is that which protects the home against theft. We have deliberately not included it among the most important. The insurer's advice, in fact, is to prioritize the severity of the event and not its frequency. While it is true that a theft is easy to commit and repeat, all it takes is a fire to destroy a lifelong dream, unless you are insured!
When it comes to home insurance, the reaction is almost always the same: we tend to make doubt and skepticism the driving force behind every choice and rather than investing in a guarantee, we a priori renounce making an expense, often considered unjustified.
Instead, we must abandon all cultural conditioning and convince ourselves that activating an insurance policy is worth it, beyond all expectations and for a specific reason. Insuring your home means protecting a valuable personal asset against possible damage or risks that could irreparably compromise its structure, putting a financial strain on the family budget. We asked leading experts in the field which insurance policies are appropriate to activate on the property and why. Let's see together what they recommend.
Fire in the dwelling and its contents
Among the least frequent but most damaging events for our homes, fire definitely occupies the first place. A fire can be caused by a trivial distraction, a cigarette left lit, for example, or by a malfunction in the electrical system, perhaps due to atmospheric phenomena.
Fire insurance covers your home for direct and material damage caused by fire, explosion, implosion, and bursting. The costs incurred in the event of a fire in your home, if you are not insured, can be very significant. There are two types of insurance: replacement cost or absolute first risk. Replacement cost is damage insurance that provides compensation equal to the value of the property. Absolute first risk, on the other hand, sets a maximum threshold for damage compensation. The insurer's advice is to insure the entire value of the property, then choose the replacement cost to ensure full compensation. For damage caused by fire, it is also possible to insure the contents of the property. This type of policy was created for those who want to protect the belongings inside the home against the risk of fire. Generally, for contents insurance, there is a maximum amount up to which the company will compensate for the damage suffered.
Responsibility for running the house
What would happen if an object accidentally fell from your balcony and damaged something or someone? Without insurance, you would be responsible. By activating a policy instead, the insurance will cover the cost of the damage up to 100%, depending on the terms of use.
Catastrophic guarantees
Nothing is more unpredictable than a weather phenomenon. According to the latest reports on climate change and given the increasingly frequent occurrence of earthquakes and floods, natural disaster insurance allows you to protect your investment by providing financial support for the repair or reconstruction of damage caused by such events.
In addition to the above, another insurance policy is that which protects the home against theft. We have deliberately not included it among the most important. The insurer's advice, in fact, is to prioritize the severity of the event and not its frequency. While it is true that a theft is easy to commit and repeat, all it takes is a fire to destroy a lifelong dream, unless you are insured!
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