{"id":12879,"date":"2023-02-18T09:13:53","date_gmt":"2023-02-18T09:13:53","guid":{"rendered":"https:\/\/otohana.com\/?p=12879"},"modified":"2023-02-21T07:23:14","modified_gmt":"2023-02-21T07:23:14","slug":"what-to-do-when-the-homeowner-s-insurance-becomes","status":"publish","type":"post","link":"https:\/\/otohana.com\/what-to-do-when-the-homeowner-s-insurance-becomes.html","title":{"rendered":"What to do when the homeowner’s insurance becomes too expensive?"},"content":{"rendered":"

\"homeowner's<\/span><\/p>\n

Buying a new apartment or house is a significant financial outlay, so it is not surprising that young property owners want to save first after such an investment. Homeowners insurance is out of the question for many young homeowners. For some homeowners, insurance premiums are also getting too expensive. Therefore, in some cases it is also deselected. Is it so smart? Does not everyone need home insurance?<\/p>\n

Insurance is very important<\/h2>\n

When buying a home on credit, we usually limit ourselves only to the insurance policies that are forced on us by the bank. We are talking about building insurance here, d. h. insuring real estate against fire, natural disasters and similar risks and, of course, life insurance.<\/p>\n

\"homeowner's<\/span><\/p>\n

Brief explanation of building insurance: building insurance guarantees that in case of fire or complete destruction of the financed house, the insurance company will pay out the amount of the loan taken under the so-called assignment contract.<\/p>\n

Simply put, if a house is destroyed, z. B. by a flood or lightning, the insurer transfers the entire amount paid to us under the mortgage to the bank's account. The cost of such insurance is usually low. Insurance companies calculate it based on the market value of the purchased property.<\/p>\n

For example, the premium for such insurance for a house worth 250.000 EUR around 250 EUR per year. However, this is only a rough guide. The exact cost of the insurance depends on the scope of the policy and other parameters.<\/p>\n

For some banks it is also important to insure the life of the borrower, which is why some of them require this form of collateral from their customers. A well-calculated and constructed life insurance policy is important, because it is a financial protection of your own family.<\/p>\n

Home insurance costs – choosing the right sum insured<\/h2>\n

The sum insured, for which the household contents are insured, is the upper limit of the liability of the insurer. Therefore, the sum insured should be equal to the market value of the household goods. If the household goods are destroyed or bspw. If the property is lost due to burglary, the owner will receive funds that will allow him to repurchase equivalent household goods.<\/p>\n

Note: If your home insurance has become too expensive for you, you should carry out an insurance comparison and compare your existing contract with the policies of other insurers. Use the independent home insurance comparison on versicherungsriese.en.<\/p>\n

When you decide to purchase a homeowner's insurance policy, you can choose between two insurance options – insurance against actual value or replacement value. This is a big difference.<\/p>\n

The first option is much more popular because it is cheaper. But in the case of a total destruction you can rely only on so much as the property was worth. The insurer deducts the so-called technical wear and tear, d. h. it deducts the value calculated according to the tables of technical wear and tear from the value as new.<\/p>\n

Read the insurance documents of the household insurance<\/h3>\n

There you will find all exclusions, d. h. Situations where we do not have insurance coverage. What are these exclusions? First of all, let's clarify what is always covered in a home insurance policy. Damage due to the following influences\/causes is covered:<\/p>\n