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Did you know that home insurance is not always necessary ? It all depends on your status. Owners, tenants and furnished tenants are not subject to the same rules.
If I am a tenant
It is compulsory for the tenant of an apartment or a detached house. The tenant is responsible vis-à-vis the owner for any damage that may occur to the place of residence. He must also take out a “multi-risk home” guarantee which can cover his whole family and even his animals.
If I rent a furnished
This is not mandatory for a furnished apartment. It is the owner’s responsibility to take out home insurance.
If I own the accommodation where I live
The owner must take out home insurance with damage guarantees. These guarantees cover two types of risks. Those caused by the property, such as damage to neighbors, and those caused inside the property, such as theft.
It is advisable to check before taking out this insurance that it does not duplicate the insurance taken out by the trustee.
If I am an owner but do not live in my property
The owner must only take out the part of the home insurance covering damage caused by his property or to third parties. He can, if he rents his property, take out insurance covering the risk of non-payment.
It is not legally required in most countries, but is strongly recommended and often required by mortgage lenders. Although not required by law, buying home insurance is essential to protect one of your most important investments: your home.
It generally provides coverage for property damage caused by perils such as fire, theft, vandalism and natural disasters. Plus, it often includes liability insurance , which protects you if someone is injured on your property and decides to take legal action.
Without it, you risk facing significant financial losses in the event of damage or unforeseen accidents. Thus, obtaining home insurance provides peace of mind and financial security to homeowners.
