If you own a home that you do not personally own, whether it is empty or you rent it, it is important to insure it as well as the housing you occupy. Of course, this is not mandatory but still strongly recommended. Perhaps you have already heard about quote for home owner insurance? She was just thought for this case and therefore adapts perfectly to the situation. We explain how it works.
In which case can I take out the non-occupying homeowners insurance?
Quote for home owner insurance generally covers the same types of claims as conventional multi-risk home insurance: natural and technological disasters, water damage, broken glass, fire or explosion, storm-hail-snow, burglary or violence. , acts of terrorism and attacks, civil liability.
- Non-occupant homeowners insurance may apply in several situations:
- You own property that is neither occupied by you nor rented to a third party or a business;
- Your property is rented empty or furnished to a third party or a company;
- Your property is rented for short periods, to tourists, for example.
If you have purchased a non-occupant homeowner’s insurance (PNO) because your home is rented to a third party, be aware that if the latter leaves the accommodation, you will still be insured. On the other hand, if the tenant is not insured, he will take the damage of a possible disaster to his load. As a result, the quote for home owner insurance can compensate you in this case. On the other hand, if the tenant is covered by home insurance but the latter does not cover the disaster concerned, you can also be compensated. Thanks to the Alur law, you can finally protect yourself from negligent tenants by passing on the amount of the contribution of the PNO insurance on the rent.
Take care when you purchase a non-occupant homeowner’s insurance to check all of these guarantees with your insurer, manager or trustee. Then think about asking if a deductible is applied in case of disaster.
Determine your responsibility as an owner
In case your apartment is no longer inhabited by your tenant, the home insurance he had subscribed no longer applies. Several hypotheses can then arise:
- If the common parts of the building are the cause of the incident in the housing, it is the insurance of the condominium to cover the damage,
- If the loss is due to another incident in the apartment of one of your neighbors , it is his insurance which will have to cover the damages,
- If the loss comes from your apartment , the non-occupant homeowner’s insurance will apply if you have subscribed to it. Otherwise, you may have to pay for repairs from your pocket as your tenant is gone.
We therefore recommend that you take out this type of insurance. As you can see, the PNO insurance fills the gap between the insurance of the co-ownership, that of your neighbors and that of your tenant if he has one and if he is always present.
It is also possible to supplement it with the guarantee “recourse of the neighbors and thirds” , which will bring you a maximum coverage in front of the various possible complaints in case of disaster concerning for example your civil liability or a construction defect.
Understanding homeowners insurance
When you are a homeowner, quote for home owner insurance is something that is very important to look at. In fact, whether you live in your property or rent it, the multi-risk home has many guarantees and several advantages against the eventualities of claims related to your property.
What cover for owners who rent their property?
Homeowners who take out home insurance choose to insure their housing and cover their indoor and outdoor facilities, as well as furniture, and their civil liability. In fact, if damage is caused to your tenant, to a neighbor or to a third party, because of a bad maintenance of your property or a construction defect, the responsibility is yours. You will therefore be responsible for any compensation that arises, if you are not insured.
In addition, it is possible for the owner-lessor to subscribe additional guarantees such as the Recourse of tenants or the Recourse of neighbors and third parties who will cover the compensation due to them in case of disaster related to your property. Another additional guarantee is very interesting for the owners who rent their property. This is the LRM, in other words the universal guarantee of rental risks. The latter, once subscribed, covers unpaid rents of less than 2,000 euros including expenses per month. An exception however applies to seasonal rentals that cannot be covered by this warranty.
Insurance for the owners of their home, what interest?
By providing the housing you own and in which you live full-time, you protect yourself against the most common disasters: broken glass, fire, explosion, water damage, burglary or violence, and damage caused by a fire. natural or technological disaster. On the one hand, your accommodation and outdoor and indoor facilities are insured but your liability is also covered. For example, if you, your dependent, or your pet causes bodily injury or unintentional material damage to a third party, your insurance will cover the resulting benefits.
Another example, if a piping problem causes water damage and the latter causes a loss to your neighbors, your insurance should cover the compensation that will be payable to you and which would have been your responsibility if you had not been insured.
You can also take out additional cover with your insurance. These may include the possession of a dangerous animal, the practice of a risky sport, the possession of a swimming pool, a sauna or a gym, for example.
If you are part of a condominium, the purchase of home insurance is certainly mandatory, but be sure to check the guarantees included in the insurance taken by your trustee co-ownership so as not to subscribe in duplicate.
We recommend that you take out comprehensive quote for home owner insurance, whether you rent or live in your property. The goal is to cover you against any damage you may cause to a third party and which would incur your civil liability, but also to insure your property in itself, your equipment and facilities, as well as your furniture and valuable objects in case of disaster. Without insurance, note that the compensation legally due in case of liability will be your responsibility and the damage following a disaster will not give rise to any compensation to rebuild your property or replace your furniture.