Insure the house! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
"My home is my castle" вЂ“ we often say. And I sincerely want this to be so. But the reality...Insure foreign home!"My home is my castle" вЂ“ we often say. And I sincerely want this to be so. But the reality, unfortunately, is that people can't be careless in matters regarding health and property without taking appropriate measures.Who would be the wiser if to take care about the safety of their foreign home?Issues of linguisticsChoosing a company that will insure your foreign home, be sure to pay attention to one of the main factors is the language in which the insurance contract is made. As a rule, all documents are provided in the official language of the country. But if you bought a house, for example, in Italy and don't know the Italian language at the appropriate level will be quite difficult to understand what is included in the insurance package, as it is defined insured event and what kind of compensation you can expect.The signing of the insurance contract, which will not expected and even discussed the conditions is simply unacceptable. Insurers and brokers willing to provide a translation of the contract into Russian language, are few and finding them is not easy. A reasonable compromise may be the translation of documents into English is a service widely distributed in European countries.It is important to consider the nuancesIf you want to reduce costs, we relate the prices and services in the insurance contract that you sign. The sensible option is to insure your house for the maximum possible amount of repair is in any case much less than the market value of homes. Do not forget to consider the cost of repairing the outbuildings, swimming pools, gates, fences, etc.But in any case, do not lower the size of the area in an effort to reduce insurance premiums. The fact is that if the insured event happens, the insurance company may refuse to cover fully all costs, since the insurance has not been specified the correct data.It is important to know that utilities in the condominium may include insurance of buildings and common property, but not equipment and furniture installed in private apartments. Built-in wardrobes, kitchen furniture and bathroom fixtures are all necessary to make the private insurance.For those who have a private swimming pool, you need to make sure that it is mentioned in the insurance policy. Although most pools are included in the building insurance, some companies, especially in Spain, do not account for pools and outbuildings, вЂ“ so be alert. You also need to know local laws. For example, in France, private swimming pools may not be located in areas open to the public. Failure to comply with this law can lead to the fact that the insurance will be invalidated.How to save?The foreign home insurance will cost less if the building is equipped with fire and security alarms, it has a solid door, bars on the Windows, etc. If there are valuables or collections, these can be included in the description of the housing and increase the amount of insurance payments in case of loss. Naturally, this insurance will cost more.Also ask excess insurance is one way to reduce the insurance premium, while maintaining a decent payout. In this type of insurance, the insurance company is responsible for and guarantees payment only if the damage exceeds the predetermined amount. If the damage was not large enough, the costs of removal shall be borne by the policyholder. This scheme not involving compensation for minor losses, many companies can reduce the insurance premium by about 10%, while the payoffs can be large than conventional insurance.This useful insuranceAccording to experts stock insurance company "INGO Ukraine", the special importance of insurance acquires in that case, if the property is expected to rent out. Because apart from natural disasters your property may suffer at the hands of the tenant. The lease, which imposes liability on the tenant, will cause him to treat your property with due care. This kind of insurance is quite a common service, but still carefully check the terms of the contract!It also happens that the insurance is valid only when renting to friends or relatives. Other companies may not be held liable for damage caused by tenants.There is also the possibility to insure against loss of income if unable to find a tenant for a particular period. This type of insurance is especially important if the rental income to cover mortgage loan.