«Real estate insurance: how not to fall into the trap»
Spring and summer are not only a time of flowering of nature, but also the activation of the real estate insurance market. During this period, many owners of suburban buildings are thinking about protecting their property, and for good reason. After all, as they say, "it is never superfluous to hedge", especially when it comes to valuable assets.
Voluntary real estate insurance in Russia is getting popular, and this is not surprising. The rapid growth in the value of real estate makes it an increasingly valuable and vulnerable asset that must be insured.
When choosing an insurance policy for your home, you should be very careful. After all, many apartment owners mistakenly believe that nothing will happen to their real estate and rely on chance. Home insurance is not only a fashionable trend, but also a responsible attitude to your property.
Please note that real estate must be insured first. Do not forget that life insurance is the most important thing.
To voluntarily insure real estate means to buy a policy that will cover the insurance risks. Be careful, because each contract specifies both the risks for which payments will be made and the exceptions. Risks are included in the contract in packages, so it is important to choose the package that is right for your case. For example, "package one" may include only fire, and "package two" — fire, natural disasters, theft or damage to property. Choose wisely!
When making a contract, do not forget to be careful and exclude unnecessary risks so as not to overpay. It is also important to find out what is considered an insurance event and what is not. When buying a policy, pay attention to all the conditions for the settlement of insurance claims.
Be sure to read and understand the list of insurance risks — how relevant they are for your particular case. For example, an avalanche in St. Petersburg is unlikely, but this does not mean that you should neglect the protection of your property.
One of the most common mistakes of policyholders when concluding a contract is an incorrect assessment of the value of the property. This may lead to the fact that the compensation paid may not be enough to restore it. Therefore, be careful and do not underestimate the price of your property.
The second common mistake is incomplete familiarization with the contract. In this case, the policyholder does not always understand what risks his policy covers, what payment conditions are provided for and what is recognized as an insured event. Therefore, do not be lazy to study all the terms of the contract before concluding it.
Real estate insurance is a serious business that requires attention to detail and a responsible approach. Therefore, do not forget to be careful when choosing an insurance policy and remember: "it is better to be safe than not to be insured"!
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