Home insurance – a detailed guide for beginners. Overview of leading insurance services organizations.

People who are fortunate enough to take possession of country houses, summer houses, or who simply live in the village, having private real estate often reflect on the issues of insuring their property. This article will be useful for anyone who already owns private houses, or those who are going to become them.

We will try to answer such questions:

  • Private house insurance – why?
  • How to insure your cottage from fire?
  • How big can the cost of insuring a home be and what does it depend on?

What is the need for home insurance?

Insurance of a private house, country house or cottage is a reasonable investment. It is good when the house is standing and nothing bad happens to it. But there can be all sorts of cases that make you wonder, why haven’t I taken out insurance before?

Any private building is much more vulnerable to natural phenomena than an apartment. Also, such housing can attract various villains who are just waiting for the moment to replenish their pockets at your expense.

The most in need of insurance are holiday homes. Their owners come to the site only in the warm season. And usually such a visit does not last too long. Therefore, the expediency is obvious.

Owners of large cottages, too, often tormented themselves with thoughts about how best to protect their home. They install different security systems, put the coolest locks. But I want to tell you, if a thief wants to enter the building, he will do it. A more sensible solution would be to purchase insurance.

Now we are talking about third parties, but besides them there are a whole bunch of factors that can harm our home: fires, heavy rains, hailstorms, floods, falling trees, melting snow and this is not the whole list.

How many times have you heard on TV that the house burned down or was robbed? Many times the private sector suffered from trees that fell on the roof after a terrible hurricane. It also happened that only the walls remained of the building, and he suffered from arson.

Set fire to a private house

There are many cases when people threw out huge amounts of money to rebuild their homes, but these expenses could have been avoided if insurance had been issued.

The cost of an insurance policy is negligible compared to the potential costs of restoration. But you can not worry where to look for money, because you will be sure that your problems will be solved thanks to insurance.

Homeowners have the right to enter into an insurance contract:

  • on the whole house;
  • for bearing structures:
  • on the front side of the building;
  • on the inside of the house;
  • for wiring, plumbing;
  • on the equipment located in the house;
  • on valuable items stored in the house.

It is also recommended to insure the house for those who have it located in the areas of flooding. Often in the news they say how the spring floods could harm the great constructions.

Insurance of a wooden house will not be superfluous. Such structures can quickly catch fire, both from the impact of natural factors on it, and thanks to the efforts of third parties. Just remember that for insurers there is a big difference between the terms arson and fire.

The Russian people do not trust the insurance companies too much. Only a small percentage apply for registration of insurance on their property. Western countries take this more seriously, and there almost every second home has insurance.

People just do not yet understand that it is financially profitable, competently and farsightedly to buy an insurance policy than to spend a fortune later on the restoration of housing.

Factors affecting the cost of insurance

Home insurance is a voluntary process. Nobody forces to put the signature on the insurance contract. A person has the right to independently make a choice, insure or not insure, if insure, what it is. The owners themselves choose the insurance agency and the type of policy.

The cost of insurance will be different, and it depends on several circumstances, which we now consider in more detail.

Risks from which insure the house

1) The number of risks selected by the client

When you make an insurance policy, the policyholder has the right to choose the number of risks. According to the standard scheme, the greater the number of risks, the greater will be the expense item for insurance. But when selecting risks, you need to think carefully about what is more relevant in your particular situation.

Does it make sense to indicate one of the threats, flooding, if the building is located in an area within a radius of 100 kilometers of which there is not a single reservoir? Likewise, it is foolish to inscribe in the contract the probability of an earthquake, if the house is built on a seismically good place, where such cataclysms have not been for more than a millennium.

The main risks that customers most often choose as an insured event are the following:natural disasters;fires;floods;accidents involving plumbing;falling trees;gas pipeline explosions;lightning strikes;criminal atrocities.

This is the minimum list. If desired, the client can include in the contract any risk that has occurred to him. That’s just the number of these threats will increase the cost of insuring private homes.

2) Special properties in operation at home

The impact on the cost of an insurance policy has a great influence on how long the owners live in the house. If this is a village in which owners appear only in summer, the price will be higher. Also, the cost will increase if in the village in a small building stove heating is used, since it carries the risk of fire.

Tariffs increase if the mansion has no drainage system. Of considerable importance for the increase in prices is the deterioration of utilities, such as a gas pipeline, plumbing, electrical wiring. If all this changed about fifty years ago, then the cost will increase.

3) The presence in the house of protective systems or other structures that can protect the structure

Tariffs for insurance can not only increase. If the owners care about the well-being of their own home, want to protect it with all sorts of ways, put alarms and other security systems, then the insurer reduces the cost.

When the fire starts and the fire fighting system quickly extinguishes the fire, for the insurer it is much better than paying the damage.

It is also possible to save on insurance if the materials of which the house is built consist of modern substances that repel fire.

4) Price of building materials

If your house is built of high-quality, expensive building materials, then in case of an insured event, you would like to receive a corresponding sum insured. For this reason, the cost of the insurance policy will also be higher.

Tariffs are strongly influenced by what the building is built from. So, it is more expensive to insure a wooden house because it is more fire hazardous than a brick cottage.

5) Period of use of the building

The older the building, the less enthusiastic insurers take to insure it. In some firms there is a prerequisite – not to insure property that is more than fifty years old. 
The cost of insuring private houses also depends on age.

What to follow and what to do when deciding to insure private property – a detailed instruction.

Insurance of a country house, cottage, or urban cottage – not a difficult process. The main thing that is necessary is to get into the specifics of this procedure in advance.

You need to understand that any insurance organization, even with the most impeccable reputation, is not a charity company. Each insurer, entering into a contract with a client, pursues its own benefits. For this reason, you need to know your rights and clearly defend your interests.

This will help you our recommendations and instructions.

House under protection

Action 1. Carefully select an insurance agency.

Obviously, a proven company with years of experience and positive feedback will be the best company for cooperation. You may meet unfamiliar organizations, with a more attractive cost of insurance. But it is better to overpay once than later regret your choice.

A company with a large scale, having several hundreds or dozens of branches throughout the country is more suitable for selection than the one that is known only to a narrow circle of individuals.

A few more criteria for choosing a future insurance agent:

experience and competence – do not forget that the firm must be experienced and the older it is, the more likely it is that in practice it will be a serious partner;

the total amount of damages paid under insurance policies – the more payments were made, the more reliable the insurer will be;

reputation of the organization – it’s not necessary to talk about it, probably, few will agree to go to the insurer, who is said to have not paid any damage;

a large list of proposed insurance programs – the bigger it is, the more likely it is that you choose the insurance that fits your specific case;

reviews – best of all, if your friends will advise you a good company, than you will read the recommendations on the Internet.

It is quite important for a serious insurance company to have its own Internet site. Self-respecting company necessarily has such a detail. Here the client will be able to study in more detail all the details of interest.

Step 2. Choose an insurance package.

We have already touched on this topic a bit. When choosing a package, do not immediately run and scream, I want a “complete package.” Why should you include all sorts of risks in the contract? If you are the owner of a small village house, visited only during the summer period, then an inexpensive program with the inclusion of threats of fire and flooding will be enough.

Insurance of a dwelling house in which there are all sorts of valuables (modern appliances, antiques, valuable decorations) may include in the contract a clause with the risk of wrongful acts.

Step 3. Call an appraiser from an insurance company who must determine the condition of the building.

You can sign an insurance contract and omit this clause .. It is not necessary to call a representative of the organization. Perhaps, it is enough the presented documents on property and the made photo of the house.

In this case, the services of the insurer are estimated at lower cost. And upon the occurrence of the insured event, the amount of damage paid will also be lower than is necessary for the actual restoration of the home.

We recommend calling an appraiser. He can give good advice when choosing an insurance program and can even make some kind of bonus when inspecting your home. But be prepared to overpay for an insurance policy.

Step 4. Start collecting the required documents.

There are many insurance companies, each of them has its own approach to the “paper” procedure, but usually they all have a standard document set:

  • customer passport;
  • documents on the insurance object and the land plot;
  • construction plan and technical passport.

Insurers have no less interest in ensuring that all documentation is faster than clients. Therefore, they try not to shoulder the owners of private houses with extra paperwork.

Step 5. Signing the contract.

When you go to the most important thing – signing an agreement, do not rush to put your autograph.

Re-read the document again and make sure that all points are clear to you. Revisit if there are any sections that are suspicious. Remember, you can always ask again and ask an extra question.

Only after you have fully familiarized yourself with all the points and you do not have any complaints about them, put a signature.

Where to go to insure a private house? Overview of the top five real estate insurance companies

How not to make a mistake when choosing an insurance agent for your property when there are hundreds of such companies? So that you can make the right choice, we analyzed the insurance market and prepared for you an overview of the top five companies in our country.

Ingosstrakh

A company with seventy years of experience in the insurance industry. It has a large number of representative offices, both in Russia and in the territories of other republics. In the list of services offered, the client will definitely find an insurance package for himself and at a suitable price.

The main property packages are:

  • “Platinum” – personal insurance of expensive buildings;
  • “Express” – suitable for customers who are counting on a budget option for insurance;
  • “Freedom” – one of the conditions of this type of insurance is the price of the insured object, which should not exceed 6 million rubles.

Alpha Insurance

Alpha Insurance

Mature company, which had more than twenty years of experience working with clients. It has more than three hundred branches. From year to year receives the highest mark from the independent rating agency “Expert”.

In this company, you can insure almost everything. Insurance of a country house, insurance of an unfinished house, mansion, cottages, etc. If you wish, you can insure all buildings located on your site. The insurance package “Estate Complex” includes insurance even of fertile land.

Ingvar

The company has the status of joint-stock community. It began its activity since 1993. The main positive qualities of the company are highly qualified employees, financial stability, the seizure of all areas of insurance, always fulfills its obligations to customers. 
Those who applied to this organization can use the Phoenix House program. It includes various risks and allows insuring individual structures, facades, interior elements, communications.

Insone

The company offers customers a quick solution to their problems. Minimum documentation process, the possibility of signing the contract without prior assessment of the property by an expert. The agency works in cooperation with the firms Ingosstrakh and RESO-Garantia.

In the contract, you can specify the main risks, insurance of the house against fire, flood, falling trees and much more. The agency offers a large number of programs at an affordable cost.

Rosgosstrakh

This company is the most mature and experienced. It occupies a leading place in the ratings of “Expert”. Offers a variety of insurance products. Works for the convenience of the client.

You can apply for insurance in this company directly on their website by selecting the appropriate insurance program.

The finished document can be obtained both at the agency’s office and at home if you ask for delivery.

6 myths in real estate insurance

Insurance of private houses is surrounded by a number of different prejudices on the part of poorly educated or legally unmarked people. The time has come to learn the truth, and not to torment myself with guesses.

What homeowners forget about

Myth 1. Insurance of private buildings more expensive apartment insurance

There are two types of insurance: title and property, and it is precisely between these two concepts that confusion occurs. If you draw up title insurance, it is really expensive. This is explained by the fact that the market price of the house is taken into account.

As for the insurance of a country house, it falls under the term property insurance. In this case, the contract will focus not on the future amount of money spent on the restoration work, but on the selling price of the house. Therefore, the rates for insurance services will be more reasonable and convenient for the client.

Myth 2. An insurance policy gives a guarantee for all cases of house robbery.

That’s right, if you include the item about the robbery in the risks. If there is no such item, the insurance will not cover your losses.

Myth 3. After insurance you can not be afraid of any natural disasters.

All this, too, is true. But only if all the disasters were included in the contract.

Myth 4. It is allowed to insure only external constructions, but not the land.

Not. Some companies provide insurance services for fertile land. You need to look for a suitable company.

Myth 5. When you have insurance on hand you can not worry about the rules of fire safety

Fire insurance does not give you 100% guarantees. After any fire, it is assessed for what reason it has occurred. If the reason is a cigarette butt that was thrown out of bed on the floor, then you can forget about the payment of damage.

Myth 6. Why insure a house if you can avoid all dangers yourself?

Decide to make out insurance or not, only you. Each person can try to prevent accidents involving their home. But it is almost impossible to foresee everything.

Conclusion

You learned about insurance in more detail. We hope this information will help you make the right choice.

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