Owning a home brings many advantages - but also responsibilities. In order to be protected against high financial losses in an emergency, owners should be well insured. But which insurance policies are really necessary and what should you look out for when choosing one? An overview of the most important policies helps to minimize risks and invest money wisely.
Homeowners' insurance: The basic cover
Fire, storm, hail or water damage - homeowners' insurance covers these risks. It is one of the essential policies for property owners. It is important to regularly check whether the sum insured corresponds to the current replacement value in order to avoid underinsurance.
Don't forget natural hazards
Floods, heavy rain, landslides - natural hazards are on the rise. Many types of damage are not automatically covered by homeowners' insurance, but require additional natural hazard insurance. This can be particularly important depending on the location of the property and should be assessed individually.
Liability for landlords and owners
Anyone who owns a house or apartment is liable for damage caused by the property - for example, if a roof tile falls off or someone falls on an icy sidewalk. Homeowners' and landowners' liability insurance protects against high claims. Landlords should also consider landlord's legal protection insurance, for example in the event of disputes with tenants.
Household goods and glass: additions with benefits
While homeowners' insurance protects the house as such, contents insurance protects the contents - e.g. in the event of burglary or fire. Glass breakage insurance can be useful for large window areas, especially conservatories or floor-to-ceiling windows.
Conclusion
Insurance cover for property owners should be checked and adjusted regularly. Those who take out the right policies protect themselves against incalculable risks and ensure long-term security - for themselves and their own property.
© immonewsfeed
English