Have you taken out home insurance and do you think you are protected against any type of claim? You’re wrong! There are certain situations that will not be assumed by your policy in any case. Let’s review what they are and so you will not be surprised.

Hiring a policy that covers the possible claims that can be registered in a home is true peace of mind for any family.

Theft, flood damage, fire … the guarantees will depend on the type of home insurance you have contracted and how much you are paying for it.

However, there are certain situations that are not covered in any type of case. Indeed, these are quite specific exclusions that insurers apply to all their contracts.

It is very important that you know what these types of situations are in which the company will not assume the coverage, because in the event of a claim you will not be surprised and you will be prepared to assume the costs.

Claims caused by a smoker

In no case will the insurer cover claims caused by badly extinguished cigarettes or cigars.

In the event of a fire outbreak, the insurer will not be liable either for the damages suffered by the objects that fall into the fire or for the damages that this could cause.

To avoid this type of accident, we advise you that if there are smokers in your home, they should be very careful when putting out their cigarettes and that they always use a special glass or crystal ashtray for these purposes.

It is also important that cigarettes are not extinguished and thrown on the ground, as the risk of suffering a fire increases considerably. Besides that, you will be helping the planet.

Damage from facilities in poor condition

The insurance company will not be liable for any type of damage caused by facilities in poor condition or lack of maintenance ( electrical damage, water damage, etc.)

In this sense, each insured has the obligation to control and verify that both the electrical installations of their home and those of water, gas or others do not present problems or anomalies.

At the same time, all required reviews and certificates must be up to date.

Goods found abroad

In the event of a theft or a claim caused by atmospheric phenomena, the insurance company will not be liable for the goods or furniture that is located outdoors, on terraces, gardens, or open rooms.

Given this, we advise you never to leave small or valuable objects outside, as well as trying to protect tables and chairs during winter periods.

Damage caused by rain or moderate-intensity winds

Although insurers cover damages caused by natural phenomena that are related to high-intensity rains and winds that exceed a minimum speed, they will not respond when the intensity is moderate or does not reach these levels.

To enforce a policy, the claim must be proven with a weather report.

Jewelry theft

If you have taken out home insurance and have declared a certain amount of jewelry indicating that they are in a safe, you should be very careful when using them and forget to put them in their place.

Indeed, the insurer will not be responsible or liable for the theft of your jewelry if it was found outside the safe declared at the time of contracting the policy.

To avoid this type of situation, we advise you that, after putting on your favorite earrings, you always put them back in their proper location.

Find out what your contract says

If you do not want to be upset when facing a claim that your insurer refuses to cover, we advise you to review and read each clause of the contract carefully before signing.

It should include all the specifications and those situations that will not be covered in case of damage.

Also, if you have any concerns or doubts, do not stop asking the question and insist until the situation has been clarified.

When buying Home Insurance, many people do not know how to value their belongings and panic when the company asks them for the value of the contents of the home.

To avoid any kind of surprise, we show you how to calculate the value of your goods in a simple and safe way.

When you subscribe a Home Insurance, the coverage can assume the damages that both the container and the contents of the home may suffer.

Today we will focus specifically on the content, that is, all those goods that are inside your home, going from furniture to food to keep in the fridge.

Remember that the content is made up of all those belongings that belong to the insured or the people who habitually inhabit your home.

To classify the different elements that make up the content in a simpler way, three large categories can be cited:

1. Furniture
2. Equipment
3. Valuables and jewelry

Let’s review each category in detail.

Furniture

The furniture is made up of all the furniture and household appliances in the house. Among them we can find:

Tables, chairs, couches, beds, nightstands, shelves, bookcases, dressers, cabinets, kitchen cabinets, bathroom cabinets, desks, cribs, refrigerators, washing machines, dishwashers, microwaves, computers, printers, mixers, vacuum cleaners, dryers, televisions, stereos, etc.

Do not forget that only those elements that are inside the house or in spaces to which only the owner and its inhabitants have access will be included.

Appliances

The belongings are made up of all those elements that are inside your home and that do not correspond to the furniture or jewelry category. Among them we find:

Lamps, curtains, paintings, sheets, duvets, duvets, pillows, tapestries, mirrors, cutlery, glasses, glasses, kitchen utensils, garbage cans, decorative items, clothing, articles for personal use, food, etc.

Jewelry and valuables

This category is made up of all those objects that have a high or special value, such as:

Works of art, jewelry, famous paintings, gold or silver coins, antiques, philatelic collections, numismatic collections, fur coats, etc.
It is important that you know that each insurance company will set its own conditions regarding the classification of valuables.

There are some insurers that can protect objects such as firearms, musical instruments, ivory and leather, and even high-priced skateboards and bicycles.

All jewelry and objects of special value must be declared to the insurer, otherwise, it may not respond in the event of a claim.

For an object to be considered of special value, companies usually set an amount that is between 2,000 and 2,500 dollars.

Calculate content value

In order to calculate the content of your home safely and easily, it is necessary that you follow a series of steps that we explain below.

List your assets

The simplest way to be able to carry out a complete inventory of your assets is to list the items by room (living room, bedrooms, kitchen, bathroom, dining room, etc.).

This way you will not forget anything and you will have everything well organized. At the same time, we advise you to write down the category to which each item belongs.

Give value to each of your goods

Although it may seem like a long and difficult job to carry out, this point will be decisive when calculating the content of your home to hire any of the types of Home Insurance.

The first thing you should do is separate each of the elements by category. This exercise will facilitate the calculations at the end of the process.

Then, we advise you to price each of the items that you have listed in your inventory according to their replacement value.

The replacement value corresponds to the price you would have to pay if you had to buy that object in the market.

If you don’t know the prices, you can go online to get an idea.

Make the sum of the three capitals

Once you have obtained the values ​​of each of your objects and that they are classified by categories, you only have to make the sum of the three capitals. That is to say:

Content = Total Furniture + Total Household goods + Total Valuables and jewelry

Apply the percentage of coverage for jewelry and special objects

Jewelry and other valuables usually have a special treatment within insurance policies and can be insured up to a certain limit.

In most cases, this limit is set by the companies themselves and corresponds to a specific percentage of the total content.

Today, this percentage ranges between 10 and 25%.

This means, for example, that the automatic coverage of valuables and jewelery will correspond to only 20% of the total that you have calculated in stage 3.

Make an extension of your insurance

This stage is very important, since if the capital of your valuables and jewelery exceeds 20% of the Content, you will have to make an extension for the amount that remains to be covered.

Don’t forget the declaration of your valuables

At this point, you must declare to your insurer all those valuables or jewelry whose unit value exceeds 2,000 dollars, regardless of whether or not it exceeds 20% of the content you wish to insure.

At the same time, you must prove the ownership of these objects and their pre-existence by presenting the corresponding invoices, certificates of inheritance, affidavits or photographs.

If you have Home insurance that includes liability coverage or if you are thinking of subscribing to a policy of this type then this guide is for you. In it, we will tell you what this guarantee is about, what damages it covers and the possible exclusions that it may present. Do not miss it!

Although having home insurance is not an obligation unless you have bought your house through a mortgage, the truth is that more and more decide to protect their property against possible claims.

In this sense, there are several types of Home insurance, where each one presents its characteristics and coverage. They range from the most complete, such as Multi-risk policies to the most basic, such as Civil Liability insurance.

Today we will talk about the latter, an extremely important coverage but not everyone knows what it is about. Let’s review its main aspects below:

What is liability coverage in Home Insurance?

The most important thing about civil liability coverage in Home insurance is that it covers the damages that you may cause to third parties, whether they are people or material things, in the area of ​​your private life.

For example:

• Your kids play ball and break a neighbor’s window.
• You live in an apartment and thanks to a water leak you have caused a leak on the floor below.
• You’re doing home renovations and you’re blowing a hole in your neighbor’s roof.

There are many situations in which you can be responsible for the damage to other people and in these cases is where civil liability acts.

What does civil liability cover in Home insurance?

The coverage of civil liability in Home insurance will depend on the formula you have chosen at the time of subscription.

As we mentioned before, when contracting this type of policy you can choose to insure only the continent or the container and the content.

Depending on the option you have chosen, the coverage will be the following:

Continent coverage

1. Damage caused to other homes due to water problems on your property (broken pipes, water leaks, floods, etc.)
2. Damages caused to a third party caused by any element of your home.
3. Damage caused to third parties while carrying out work on your home.

Content coverage

1. Damages that you may cause to third parties, both inside and outside your home.
2. Some companies cover the damages that the employees of your house or even your pets may cause to third parties.
3. There are also insurers that cover damages caused to third parties in the performance of your non-professional and sports activities.

Legal coverage

Regardless of the way you have decided to hire, the legal defense of the insured is usually included in all civil liability insurance.

This coverage is activated in the event that, after a claim, a third party makes a claim against you.

What are the exclusions of liability in Home insurance?

More than exclusions, liability coverage in Home insurance sets certain conditions that must be taken into account when requesting compensation for a claim.

Most insurers will not proceed with the coverage if the damages have occurred intentionally or if they have been the result of recklessness on the part of the insured.

Today, the home insurance market is increasingly broad and competitive. Given that, and to make a good choice, it is essential to compare the offers and evaluate the characteristics and advantages that each policy presents. Take a look at this guide and learn how to do it!

If you are about to leave your old apartment for a larger and more comfortable one or if you have just bought the house of your dreams, perhaps you have already prepared yourself for all the procedures that you will have to undertake to leave everything in order.

Contract signatures, on the one hand, formalities on the other. Register electricity, find an Internet plan, and change the address in front of the different banks.

However, you are forgetting a much more important task: your home insurance. But, how to compare all the offers and thus save when hiring a room policy?

Follow these practical tips:

Find out about the universe of Home insurance

Before making any important decision and in any area of ​​life it is necessary, first of all, to inform yourself in-depth about the subject under discussion.

For example, when buying your new house you had to define your needs, study the different forms of thermal insulation, heating.

You also had to find out about the city you chose to live in and if there were shops nearby or means of public transport.

In the case of a policy for your house, the same thing happens.

Without knowing your needs and without studying the different types of home insurance proposed by the market or the exclusions that they may present, it will be difficult for you to make a good choice.

So, let’s list the list of information that you should handle before starting to compare.

1. Needs and characteristics of your home compared to an insurance policy.
2. Types of home insurance that are marketed in the market (Damage Insurance, All Risk, Multi-risk Insurance ).
3. Types of coverage of Home insurance (damage to the continent, damage to contents, civil liability in Home insurance).
4. Special coverage ( electrical damage in Home insurance, flood coverage in room policies, etc.)
5. Calculation of the content of your home.
6. Exclusions in Home insurance.

While it is true, there are quite a few points to retain, do not forget that once you have informed yourself you will be prepared to be able to compare the different policies without doubts or hesitations.

Look for companies and types of policies that interest you

Once you have already informed yourself about the different topics that make up the hiring of Home insurance, it is time to look for the insurance companies and policies that may interest you.

At first, you will look for those alternatives that have caught your attention due to some particular factors.

We advise you to pay attention to the following points:

• Trust you feel in the company.
• Guy is sure proposed.
• Premium price

Try to make this first search superficial and do not go into all the details of each chosen insurance. Do not forget that in a fourth stage you will be able to internalize more about each one of them.

Search the Internet, specialized sites, and any other medium that helps you obtain a broad and complete view of the offers offered by the market.

Do not abuse the number of options you choose. Having five Home insurances that correspond to two or three different insurers is more than enough to carry out an in-depth study.

Organize each of the options held

Once you have already obtained your first results and you have chosen the policies and insurers that catch your attention, it is time to do a little manual work that will help you organize your ideas.

The idea is to create a comparison chart where all your options are organized.

Here is an example that you can use as a model:

This table will help you to have a clearer idea when studying in depth each of the proposals.

Once you have created your table, you can discard those options that do not suit your needs.

Find out in-depth about each of them

In this, you should carefully read each of the policy contracts you have selected and (why not?) Contact the insurers to clarify any questions you may have.

The special conditions in Home insurance contracts are usually very different from each other and it is good that you have everything clear from the beginning.

Negotiate with the company

If you have already made a decision regarding the insurance you want to take out, it is time to contact the company and see what they offer you.

On many occasions, insurers can make interesting offers to their future clients. Don’t miss your chance to make a profit!