Home Insurance

Getting the most out of your home insurance policy – Some tips for homeowners

home insurance

There are many homeowners who consider home insurance as a necessary evil and it is true that they can feel like that but only until you require insuring your home. When the need arises, the insurance can be like a life savior and you will feel glad and lucky to have had insurance during an unfortunate event. Home insurance has been designed to safeguard something that is most likely your biggest asset. You have definitely worked hard and saved enough to get your home loan for buying your house and henceforth it becomes your responsibility to take care of your house so that you don’t suffer any further financial losses. This post will discuss about the ways in which you can make the most out of your home insurance policy. Check out the points.

• Know the appropriate value of your home and the home insurance which you may need

One of the foremost things that you need to understand is the extent of insurance that you will need for your house. First, consider the appraised value of your home and in case your home is destroyed or damaged, you have to know how much it will cost in order to replace the total structure or the portion that has been damaged. Establishing the value of your home is not a DIY project and at the same time, you shouldn’t allow the insurer to determine its value. Get a professional who will deduce the value of your home.

• Know the risk factors on which the premium will be based on

It is vital to realize that the premium on your home insurance policy is based around the risk that the insurance company is taking by selling off the policy. The higher is the risk that something can happen and they may have to pay for the damage, the higher will be the premium. Hence, the factors like crime rate in your neighborhood, your lifestyle habits, the block where the home is located and the proximity of your house to the highways are some factors which will determine your insurance rate.

• Utilize all the points which can help you pay less premiums

As there are tons of risk factors which can drive the cost of the home insurance premium, there are also few factors that can lower the premium rates. A home burglary alarm system, sprinklers and fire alarms, dead bolt locks, upgraded heating systems, updated electrical and wiring system for your home, a home located nearby the police department are few points which can decrease the premium rates of the insurance policy. Having a good credit score can also save your money and so if you have a poor credit score, first go for credit repair.

Thereafter, when you see that all the required factors are perfect, you should speak with insurance agent to get your home covered. If you have already had an insurer, make sure you get your home covered from the same agent to avail multiple-policy discounts.

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Things To Keep In Mind When Buying Commercial Insurance

Just as important as starting your business is protecting your business. There are many strong small businesses that struggle to survive where the reason had nothing to do with the product or service offered. Not being protected by a commercial insurance policy unique to your enterprise is a critical mistake any business can ill afford to make. There are a lot of different products offered and not all of them will make sense for your company.

However, regardless of how you earn your living, there are several products that can help ensure you don’t join the ranks of the under-insured business owner .We will look at the three most common insurance products which are property, liability, and workers compensation. In addition to those, there are other valuable policies to fill in the gaps left by the big three.

Closing Steps, How Closing Costs Affect YouBusiness Property Insurance

Property insurance is fairly straightforward in that it covers damages to your business property or its contents. There are many subsets of property damage relating to the cause such as fire, theft, vandalism, smoke, or water. It is important to know what your policy does and does not cover when selecting a policy that is right for your business. An important rider coverage that may interest you is Business Interruption or Loss of Earning Insurance. This product will reimburse you for taxes, salaries, rents, and lost earnings when damages to your property make operating your business impossible.

For those who utilize a home office for their small business, don’t make the mistake the of assuming your homeowner’s insurance will cover losses related to your business. Just like there are exceptions to your homeowner’s insurance policy such as damage by flood or hurricane, there may be exceptions related to property owned by the business and not by you as the individual. When in doubt, always ask your trusted insurance professional. This will save you from that horrible feeling of finding out afterwards that you aren’t covered.

Liability Protections

Just as important as property insurance for your business is liability insurance. Similar to the liability portion of your personal  automobile insurance, business liability insurance provides defense and damages if you, your employees, or your products or services cause harm to a third party. Commonly, liability insurance will cover you if a customer were to sustain an injury while on your premises. It also covers the cost of defending and resolving a lawsuit against you though you may find it necessary to bring in additional legal representation for more serious claims.

If your business also requires the use of company owned automobiles, you will also need commercial automobile insurance to reimburse you in the event of theft or damages to your fleet or if one of your driver causes injury or damages to a third party. An important rider under liability insurance is Errors and Omissions Insurance (E&O insurance). This product provides defense and damages due to failure or improperly rendering professional services such as legal, notary, accounting, consulting, insurance, real estate, and even beauty services. Of course if you are in the medical field, Malpractice Insurance is of most importance. This product  is not limited to doctors or dentists, real estate agents, architects, and other professions may find malpractice insurance useful.

shutterstock_94651684Workers Compensation Insurance

Most people have a basic understanding of workers compensation which provides insurance to employees who are injured on the job. It covers costs associated with the injury such as wage replacement and medical expenses when an accident occurs. Most businesses are required to carry some level of workers compensation insurance, exceptions may include those businesses that don’t have any W2 employees. Depending on your industry, more or less coverage may be right for you. An added benefit of workers compensation insurance is that it prevents an employee from bringing about negligent lawsuits against their employer. In exchange for the benefits provided by the policy, workers give up their right to sue the employer for the incident. Carrying the right amount of coverage is important to the financial health of your company and non-compliance penalties imposed by your state can be severe.

This is not a comprehensive list of all insurance policies available to business owners and it is advised that you speak with a trusted insurance agent to learn about additional products that may be right for your company. Not doing so or not carrying the appropriate coverage may be the difference between your company surviving after a damaging incident.

Brian Levesque is a content writer who currently works at CFL Insurance in Orlando, Florida. Brian has over 5 years of experience in the insurance industry.


How to save on your home insurance

How to save on your home insurance

Home insurance is a product offered by almost all property and casualty insurance companies of the country. Home insurance policies provide a wide range of coverage to protect a home against all sorts of damages and losses caused by a natural disaster, theft or anything else. Unlike an auto insurance policy, buying a home insurance policy, also known as homeowner insurance policy, is not mandatory by laws. Still having home insurance helps a homeowner by providing necessary coverage for his home, personal possessions and liabilities.

Tips to save on home insurance policy

In some states, the cost of home insurance is really very high that many homeowners can’t afford it and as a result, their homes remain uninsured. However, there are a number of methods through which a homeowner can save on his existing or new home insurance policy and the methods are,

  • Bundling the policies – Should a homeowner buy both car and home insurance policies from the same insurance company, he can be entitled for getting multi-policy discount. This discount helps him save as much as 15% on the premiums of both home and car insurance policies. This discount is also called as multi-line discount.
  • Being loyal to the insurer – Insurance companies offer special discounts to the policyholders, who have been working with them for many years. The percentage of loyalty discounts depends on the length of loyalty. Insurance companies always offer better deals to the loyal insurance leads.
  • Adjusting the deductible – Homeowners, who are not likely to file frequent claims, can reduce the cost of home insurance policy premium by increasing the amount of deductible. However, homeowners, who need to file frequent claims, should not increase the deductible amount; rather they should pay higher premiums.
  • Installing home security devices – Insurance companies often offer discounts to the homeowners, who have installed home security devices in their homes. These devices may include sprinkler and home security alarm. Insurance providers offer discounts for using fire proof materials for roofing. Smoke free households are also eligible for getting discounts.
  • Improving credit rating – People with better credit rating often get discounts on their home insurance policy premium. Homeowners, who file frequent claims, are not likely to get any discount.
  • Shopping around and comparing quotes – There are a number of websites that offer free insurance quotes. Homeowners can compare quotes offered by different insurance companies to make a better and affordable deal. They can also visit sites that look for eligible home insurance leads.

Homeowners, who are truly interested in insuring their homes, should follow the tips in order to save on their home insurance policy premium. When it comes to choosing an insurance company, they may visit websites like insuranceleadsreviews.net and get customers’ reviews on different insurance companies.

Author’s bio – Daniel Lewis is a senior insurance advisor at Insurance Leads. His insurance related articles are laced with deep insight and knowledge, and have benefited numerous insurance-seekers.

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Things that you must know about mortgage insurance

Things that you must know about mortgage insurance

There are different types of mortgage insurance available in the market and private mortgage insurance (PMI) is one of the most common types of mortgage insurance that people often complain about. Private mortgage insurance often requires the homeowners pay a heavy premium, but even then it doesn’t provide required coverage that most homeowners look for. In fact, it provides almost no protection to the borrowers.

There is another type of mortgage insurance that pays off only in the event the borrower dies. For this type of mortgage insurance, a borrower usually needs to pay less. Homeowners generally avoid this type of insurance as they can get same sort of and sometimes even better death benefits through a life insurance policy.

Why should you buy mortgage insurance?

A private mortgage insurance (PMI) policy protects the lender instead of the borrower. Still homeowners often need to buy such insurance as the lenders require them to buy. The lenders generally require the borrowers, who make less than 20% of the appraised value of the property as down payment. The less the borrowers put down, the more risks to the lenders. This is the reason why the lenders need the borrowers to buy mortgage insurance and protect them against a mortgage default.

Being a borrower, you don’t get any scope to choose any mortgage insurance provider and also negotiate on the rate of premium. The lender is likely to do this on behalf of you. If you take out a home loan, which surpasses 80 percent loan-to-value, you’re much likely to buy mortgage insurance. The mortgage insurance will pay your lender, should you fail to pay the premiums and your house needs to be foreclosed.

Federal Housing Administration or FHA requires the homebuyers to pay additional charges apart from the upfront premium. The additional fees charged by FHA may include monthly premiums comprising principals, interests and also taxes.

Can you cancel mortgage insurance?

If the value of your home equity increases by at least 20 percent, either by paying off your loan or by appreciation, you can cancel your mortgage insurance. However, you can’t do this unless the lender gets the proof that the position of your home equity is secured and value has been appraised by at least 20 percent. The lender may also require you to pay for independent appraisal. You may not get a voice in selecting the appraiser or the money that the appraisal may cost you.

In case of an FHA mortgage, you need to pay off 78% of the actual sales price of the property, toward the mortgage. Even if the equity value is appraised, then also you need to lessen the actual principal due.

How can you stop paying for PMI?

There are some effective ways through which you may avoid paying for your PMI.

  • Being a veteran, you can opt for taking out a VA home loan that doesn’t require you to buy PMI.
  • Pay at least 20% of the value of the property as down payment.
  • Pay higher rate of interest.
  • Take out a combination home loan of 80 / 10 / 10. It combines 10 percent down payment, 80 percent first home loan and 10 percent second home loan or mortgage.
  • Apply for HomePath home loan provided by Fannie Mae. However, you need to meet some criteria to qualify for such type of mortgage.

When it comes to mortgage insurance, there is no guarantee that you can take for granted. Your mortgage may or may not contain mortgage insurance, should the equity is less than 20 percent as your lender can pay for mortgage insurance even without a verbal or written consent from you.

Author’s bio: Tim Scott is a senior insurance advisor at BestInsLeads.com. He writes for different online insurance journals and portals.


5 Things to Consider When Buying Your First Home

5 Things to Consider When Buying Your First Home

Buying your first house is a step that many of us look forward to for years. That moment when you have the keys in your hand to your own home is considered as one of the best moments in life.

It’s important however that when you are looking for your dream home, and when you’ve found it, you take into account certain factors to ensure your step onto the property ladder is a smooth and successful one.

Location

The first step to finding your new home is to consider the location that you would like to live in; take into account the needs of you and your family and look at the local facilities. One handy tip is to take a trip to the area and have a walk around as this way you will get a feel for the community and what it has to offer; meaning you will really be able to immerse yourself in the life there.

Price

Unless you’re going on a big shopping trip, most of us will decide upon a budget prior to buying anything, and this is vital when looking for a home. Have a look at your finances and work out what you will be able to comfortably afford as by doing this before looking at properties, you won’t get disappointed when you find that 6 bedroom mansion that you adore but just can’t stretch too.

Requirements

List writing might seem like a chore but it will help you immensely in this part of your search as you need to think about the requirements in a home that are most important to you. Don’t limit yourself to things like how many bedrooms you need, instead expand your needs to every possible requirement you can think of. What about the space outdoors? Do you need a garden for the children to play in? Would you prefer something that requires little maintenance?

Look Past the D’cor

When the time comes for you to begin to view possible properties, you should go with an open mind and try to see the potential that is there. This can be difficult if a house is messy and unloved but remember when it’s empty, you can make it your own. You wouldn’t want to say no to your dream home just because the walls in the lounge are striking pink; after all they’ll only need a lick of paint!

Home Insurance

Once you’ve found your dream property and you are on the way to getting the keys, you need to ensure you find comprehensive home insurance. It may seem like just another bill that will go out of your bank account at the end of the month but it could prove invaluable if you ever need to claim on it. To save you time and hassle of searching for the best policy, you could consider going online as there are companies that will do the hard work for you and simply deliver a choice of the best home insurance quotes that meet your needs; so you can just sit back and relax!

In the excitement of buying your first home, you need to try, as best you can, to keep grounded and consider these tips during your search. By taking into account these factors now, you will ensure that you’ll have a long and happy life in your new property.

This post was written by Sally Powell on behalf of Home Insurance Direct; a leading price comparison website providing a range of the most comprehensive home insurance quotes available.


Insurance Plans you need to keep in mind

Insurance Plans you need to keep in mind

Most people who work in the United States plan to retire when they reach the appropriate age. They have savings accounts and plan to relax living out their dreams once work is no longer on the agenda, but many forget to account for insurance.

Some of the policies most carry while they work may not be necessary once retired, but others should be maintained even through retirement.

Policies you should plan to keep:

Automobile insurance

The chances that you will retire, immediately give up your driver’s license, and never get behind the wheel of a car again are slim to none. It is illegal to drive without being insured, so the car insurance has to stay. Consider upping your policy to full coverage; it would be much harder to afford a replacement vehicle if yours were to get wrecked without that steady paycheck.

Homeowner’s or renter’s insurance

You will still have to live somewhere when you retire, and whether you own or rent, there’s a policy for that. You should always have a policy in place to protect your home and possessions from burglary, fire, and natural disasters, especially once you retire; since it would be very difficult to replace these things without a paycheck.

Health insurance

Most employers offer health coverage for their workers. Once those workers retire, the employer is required to continue providing this coverage for an additional 18 months. After that, it is your responsibility to find your own insurance. At age 65, Medicare becomes available to the retiree, but it won’t cover everything, so be sure to have a supplemental policy of some kind. Look into policies that cover long term care; in your old age you may need it, and it’s not cheap. Policies to cover long term care are expensive, but the younger you enroll, the less your premiums will be.

Renters Insurance

Renter Insurance as the name suggests is meant for landlords who have rented their apartments or home etc. So, it does not matter whether you live in individual flat or duplex you need to have renter’s insurance to protect your belongings and valuable items. The best part of renter’s insurance is that it is available at an affordable rate; you just need to research well. Renters generally need this insurance to protect the house structure or land where the apartment is situated. It provides you protection as and when you retire. Thus, this insurance makes you self sufficient in your unfavorable days.

MediCare Insurance

MediCare Insurance can act as supplemental insurance because when you reach at the age of 65 it becomes available but it is not the insurance plan to bank upon. They generally vary with regard to cost and structure.

Policies to cut back, or let go:

  • Life insurance

Life insurance policies are very important during the working years because that money is intended to help your family make ends meet holding their standard of living if you were gone. If a retirement plan has been built wisely, the loss of a spouse would not leave the remaining partner without a means to pay for their everyday living expenses. Consider cutting back your life insurance policy to an amount that will cover your final expenses with little excess to save money in retirement.

  • Disability insurance

Disability insurance is concurrent on becoming unable to work due to sickness or injury. Once you retire, you have no job income to protect; so it is unneeded unless you retire before age 62, when the government provided disability coverage kicks in. It covers all the possible risks which make working painful or uncomfortable.

Be sure to give insurance issues very careful thought when planning for your retirement. What you plan for and save for are all you have to live the rest of your life on once you retire, and adequate planning could be the difference between a state nursing home and a condo near the beach in your old age.

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The post is shared by George Martin. George is quite knowledgeable when it comes to retirement policies.


Hints and Tips on Saving Money When Investing in Home Insurance

Hints and Tips on Saving Money When Investing in Home Insurance

Most people would agree that a home is one of the most important purchases an individual will make in his or her lifetime, and for this reason it is essential that the homeowner obtain suitable insurance for the property. Saving money on home insurance is not as difficult as one may think, and the following are some tips on how this can be accomplished.

Reducing Coverage

Many house insurance policies include certain benefits that an individual may find unnecessary. These include free legal advice, or coverage for lost belongings while traveling. It is wise to read through the entire policy to discover which benefits are practical and useful, and which ones could be eliminated. By reducing coverage, one will find that his or her premiums can be significantly lowered.

Paying Annually

Although most insurance companies allow clients to pay their premiums in monthly instalments, there are some agencies that will charge interest for this option. If possible, a homeowner should make arrangements to pay his or her insurance premiums yearly, as this will be less expensive than paying month to month.

Avoid Small Amount Claims

Making numerous claims for small amounts can increase the cost of a person’s home insurance, as his or her provider may view such a client as a high risk and increase the cost of the coverage. This will also result in the homeowner losing any “no-claims” discount associated with his or her policy. While a person is certainly entitled to enter a claim for anything covered under the policy, it is wise to ask oneself if the small claim is worth possible future price increases.

Higher Deductibles

Choosing a policy with a higher deductible is also a quick and easy way to reduce the cost of insurance. Depending on the provider one uses, selecting a higher deductible can result in the homeowner saving as much as 20 per cent on his or her annual premium. While this means the homeowner must pay a higher amount towards repairs in the unfortunate event that a claim is filed, it is still one of the most popular ways of reducing the cost of property insurance.

Security Considerations

If a homeowner protects his or her property with a security alarm, sprinkler system, outdoor lighting or window locks he or she can expect a premium discount of approximately five per cent. It is wise to first call an insurance agency for recommendations before selecting a system. Additionally, smoke detectors are required in certain states, and some carriers will refuse to insure a home in which no smoke alarm is present.

Shop Around

By comparison shopping, one can usually reduce his or her premiums by a considerable amount. Although this may seem like an obvious point, statistics have shown that a high number of consumers obtain only two quotes when shopping for insurance, or simply renew their current policy without comparing its price with that of other providers. Numerous home insurance websites will compare multiple policies for those visiting the site, making the task of comparison shopping easy for anyone.


10 Reasons Insurance is Worth It

10 Reasons Insurance is Worth It

As much as we hate to, paying insurance is one of the necessary evils in life. Yes, it means the insurance companies are filthy rich – especially those with superior legal teams who know every loophole in the book and therefore avoid payouts at all costs, but without them many people would have no safety net. So, while most of us hate parting with our hard earned cash, paying a monthly sum to a broker that may never have to return a single cent in claims, it is still worth it.

1. Health Insurance

The importance of having health insurance greatly depends where you live in the world and what health system your government currently has in place. Those living in America find it hard to get even basic health care without insurance, which to people in a number of other countries is hard to comprehend. In the UK and Australia, where emergency care is free to all there is often little need for health insurance. However, many choose to opt for health insurance to increase surgery wait times or to be able to choose their centre of care. Australia’s Medicare system is one of the best there is, where people sometimes pay a small fee to cover medical costs while the rest is reimbursed. Of course, there are much less people in the country so the system isn’t quite as overpopulated as somewhere like the UK – which was initially not designed to deal with 70 million people, is straining under the weight of an ever-growing population, so many more are choosing private health care. You are then guaranteed speedier wait and surgery times, so if you have a problem that needs attending to in a timely fashion, it is definitely worth the monthly expense. Of course, most people sign up to health insurance for what may happen, few policies cover existing conditions, or do, but a premium. It is especially useful for people who have known familial linked disorders, like cancer, diabetes, heart disease or stroke.

2. Life Insurance

Amongst the various types of insurance policies available, few people opt for insuring their lives, yet death is one of the few certainties in life. The policies pay a set lump sum on death, but can often cover terminal and critical illness too. It is worthwhile for anyone with dependents or those who share a mortgage; in the event of your death at least your bills will be looked after, taking the financial pressure of your loved ones. Always double check the policy terms;  many life insurance policies will not pay out in the case of suicide or accidental death. And be aware of the differences between life insurance and assurance. Insurance policies may run for a certain term and once payments stop you are no longer covered, whereas Life Assurance offers a guaranteed payment on death whether payments were stopped in the past, or not.

3. Dental Insurance

A visit to the dentist is getting more and more expensive as the years go by. Those lucky enough to live in countries where dental treatment is subsidised rarely appreciate they have it so good. While in many countries, trips to the dentist are a big drain on the bank balance, especially if you have children who need orthodontic treatment. To avoid having to forego dental treatment because of lack of funds paying into a dental plan can help when you need it most. Yes, there are financial plans available through most dentists, but only if the minimum spend is a good few thousand dollars. With dental insurance you can generally claim after each trip.

4. Home Insurance

Whether you own your own house or not, having your contents insured against fire, theft and damage is rarely a waste of cash. When precious possessions are at risk people often don’t think too long about handing over money to insure them. Granted, certain things like photographs and family heirlooms are never replaceable, but in the event of fire, flood or damage it’s always good to know that you’ll be able to start again when the insurance money comes through. A stipulation of renting out your home is to have landlords cover, as well as buildings insurance, which is a good thing, so if a tenant wreaks havoc in the property, your payout may cover repair and refurbishment costs.

5. Disaster Insurance

A relatively new kid on the insurance block, disaster insurance helps protect against certain rare, but financially devastating events and has become a hot topic in sight of recent natural catastrophes. Those living in an earthquake zone, bush fire area or region prone to hurricanes and floods may already have some form of insurance through their home insurance policy, but if not it is a wise choice to look into if you can afford the expense.

6. Credit Card Insurance

Sometimes referred to as credit card repayment protection, card insurance offers help with repayments in various circumstances. Should you become ill or unemployed involuntarily the policy will ensure more than the minimum payment is covered on your card, and if you are permanently disabled or die the cover will pay the full amount of your outstanding bill, usually up to a specified amount. This type of insurance is worthwhile if you’re not inclined to pay off your debts every month, and often includes other features, i.e., some plans offer travel insurance, or car rental insurance if you use your credit card to book, so it depends on your lifestyle whether this type of insurance suits. Just check what each credit card offers when you’re comparing them before you settle on one.

7. Travel Insurance

Few people travel these days without travel insurance, either because they’re very well organised, were offered it when booking their trip, or have been badly marred by past experience and don’t want to have to learn the lesson again! There’s no doubt travel insurance is worth it, even for short trips, as so many variables can go wrong. The only trouble you have is to choose the right policy. Online policies are becoming more and more competitive, and depending where in the world you live there are some great deals on offer that cover all eventualities, including winter sports and diving cover.

8. Car Insurance

In most countries car insurance is compulsory; however, it doesn’t mean that everyone pays it. There are always a few chancers on the road who think they can get away without insurance until there’s an accident. And, more often than not, it’s the people who avoid paying their insurance that end up needing it. If an uninsured driver is involved in a crash and it’s their fault, they get landed with the repair and medical bills, so it’s just not worth the risk unless you fancy yourself wearing a prison uniform.

9. Pet Insurance

Tiddles, man’s best friend, or your duck are expensive little creatures to have around. Illness or injury are sure things during their lifetime, and vet’s bills are rarely cheap, so taking out some form insurance is wise to cover costs when things go wrong. Of course, like any policy you may be paying a lot of money and never need to claim, and there are probably many other policies you’d prefer to pay towards if you’re not exactly rolling in it, so it’s not for everyone. But if you’re one of those people who fall in love with every stray on the street or would want do anything possible to keep your pet alive should they contract a terminal illness, then maybe pet insurance is worth it for you.

10. Funeral Insurance

It’s not something people often plan for, after all, most people have no idea when they’re going to die, they only know it will be some day, so paying out a monthly premium for funeral costs seems overly cautious. Yet, the average cost of a funeral is thousands of dollars, and not something we normally save towards. However, there are some people who could still benefit, such as the infirm and elderly. Those who know their time to move on is not far away will be comforted in the fact their funeral costs will be covered when the times comes.

Don’t Forget to Read the Fine Print

Remember, before signing up to any insurance policy think long and hard as to whether you really need the cover. Those who sell insurance depend on the commission from the policies they sell to make a living, which is why they will try their hardest to get you to sign up to their policy, often using as many scare tactics as they can muster to appeal to your sensitive side. Stand strong and only sign an agreement once you read the terms and conditions, including all the tiny fine print – as boring as it is, it’s incredibly important, otherwise you may find when it comes to making a claim you weren’t insured for what you thought. Read, read and triple read before signing anything.


The ins & outs of French holiday home insurance

The ins & outs of French holiday home insurance

Holiday home insurance is not something many people outside the industry would claim to be an expert in. In fact, most people find the complications, clauses, exceptions, conditions and ‘acts of god’ confusing enough when it is all discussed in their first language. Imagine trying to make sense of it all in another country!

Luckily, the British insurance sector is putting up strong competition with French providers in the area of French holiday homes insurance, so you may find it worth your while to simply deal with a local company this side of the channel. Also, with a little patience, a good translator and by not rushing into anything, you should be able to navigate the vagaries of French insurance policies with no serious problems.

French Insurance Companies That Offer Services in English

If you have yet to perfect your mastery of the Gallic tongue, can’t afford a professional translator, or simply prefer to ‘do French’ (excuse the pun) then it should come as a relief that there are plenty of French insurance firms prepared to deal with you and your policy in the English language.

Legal Requirements for Purchasing French Property

Many a French holiday home sale has fallen through at the last hurdle for one simple reason. Unlike in the UK where insurance policies are not required at the point of purchase, French law demands that you have buildings cover, including cover for natural disasters or ‘acts of god’ – BEFORE you sign the final act.

Big Differences between French & English Home Insurance

Third party liability is the cornerstone of French property insurance. This means that basic home insurance may not provide sufficient cover if you intend to rent your holiday home to clients. Always find out if your policy would cover damage or accidents caused to or by a tenant on your property.

You will probably realise early on when talking to French insurers that what you call Insurance is called Assurance in France. Worth noting – and it makes sense really.

Another big difference in the way home insurance works in France is that policies are based on the number and size of rooms in the property. You must be very careful to report this properly, and be even more careful to have your insurance adjusted if you make any changes to the property. A new veranda, the removal of a dividing wall, even the addition of a porch could invalidate your cover.

Renewing your insurance is another aspect that works differently in France. In the UK, your insurance policy will expire if you do not actively renew it each year. In France, the insurer will renew it unless you specifically instruct them not to.

French or English – Some Things are the same!

Of course, whatever country you are in – an insurance policy is an insurance policy. You will need employer’s liability cover, contents insurance and, if you intend to let your holiday home in France, loss of earnings cover. Make sure you understand your home insurance policy down to the small print, particularly with regard to any obligations on you, the owner. Just as in some areas of the UK, you may find that it’s hard to get unoccupied holiday home insurance for contents if the property will be left empty for any length of time – this is certainly a big issue in Paris, France and Bradford, UK!

While you are entitled to optimism, and may feel like your insurance policy costs too much, just remember that if and when something serious goes wrong…

…your insurance policy will be the single most important deal you ever signed.

Raoul Jouk is an independent writer specialising in travel, music, holidays, society and culture. He is currently working to improve awareness of the issues surrounding French property insurance. With a particular emphasis on French holiday homes insurance , he is investigating the dangers and pitfalls of unoccupied holiday home insurance which negatively affect thousands of inexperienced buyers who enter the market unprepared.


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