Everyone should have a household insurance. In addition to the liability insurance, disability insurance and retirement savings, home contents insurance is one of the absolute compulsory insurance.
The household insurance as a meaningful property insurance for every household, whether small or large! This does not apply to homeowners. Also, who lives in an apartment accumulates over time a significant amount of assets. Quickly you can lose the expensive book or CD collection, the computer, the stereo or even the flat screen TV: by a burglary, by a water pipe break, by a fire, a lightning, storm or hail. With a corresponding household insurance (or also called: household insurance) is here perfectly secured, because it takes in all these cases.
What is covered by household effects?
Basically, household contents insurance covers all the objects of a house or apartment. So the furniture and the entire household. The condition is that the items are in the insured house or the insured apartment. This includes the garage or an annex belonging to the house.
What is insured with household insurance?
Even if you store a canoe, a rowing boat or a bicycle in the house, cellar or shed, these belong to the household contents and are insured by the contents insurance. The same applies to the objects mounted on the house such as the satellite dish or the awning on the house or balcony. Also garden tools such as lawnmower are insured, as well as the fitted kitchen.
Something different is the case with objects in the garden. Items that are in the garden are not necessarily insured – this depends on the insurance. Some insurance policies include garden furniture or clothes that are on a clothesline in the garden or on the balcony, others not. Pay attention to this if you take out a household insurance – but only up to a value of 300 to 500 euros.
Expensive garden furniture should be stowed after use necessarily in a lockable room, so they are mitversicherichert in any case and you experience in bad surprise in case of damage.
By the way, home contents insurance is not restricted to one’s own four walls. Because of the fact that it is an integral part of this type of insurance, it also provides insurance coverage outside the agreed place of insurance.
Outside insurance is particularly valuable, as the insured person has full insurance cover at work, on the road, in the car or in the hotel room. Some providers even grant this in the hospital. Outside insurance also affects many providers in the event of theft.
And even items that have been put into the repair are also insured up to a limit of 10,000 euros or a maximum of 10% of the sum insured. When concluding a contract, it is important to pay attention to the point of external insurance and you should make sure which places are all insured.
By the way: vandalism is also insured. This includes the destroyed door lock in the event of a burglary or even a burglary attempt.
Beware of valuables and cash
A safe is usually required for high cash and expensive valuables!
Who kept home special expensive valuables or even a lot of cash, which should definitely buy a safe, because that may not require insurance a certain amount, so that the insurance coverage. Also, insurers may set a cap on replacement.
Valuables include cash, check and credit cards and jewelery, as well as works of art, antiques and hand-knotted carpets. With antique furniture, there are no special regulations for storage.
What risks does household insurance cover?
Basically, the insurance coverage of a household contents insurance includes damage caused by fire, lightning, burglary, tap water, storm and hail. But even if an airplane crashes on the house pays the insurance. Damages caused by a possible war or an incident in a nearby nuclear power plant are not insured.
Natural disasters such as floods, landslides or avalanches must also be insured separately. Here, the protection of conventional insurance does not apply. Attention! Glass breakage is also not always insured. Often a glass insurance (also: Glasbruchversicherung) is offered as an option.
Make sure your insurance includes damage during thunderstorms. New insurance contracts usually offer this protection, but those who have an older contract, should check this necessarily. If a lightning strikes in a neighboring house, tremendous voltage can flow through the power lines and overload all connected devices and thus destroy them. That can be very expensive.
What do you have to pay attention to?
Over the years, household effects are growing. The household insurance should necessarily grow according to the sum insured. Those who do not adjust the maximum value often experience a rude awakening in the event of damage. Because the insurers only take over the damage up to the contractually agreed maximum sum.
When it comes to home insurance, it is important to check them regularly. If that is too expensive, you can also calculate the value according to the living space. The rule of thumb here is: 650 euros per square meter of living space. For an apartment with 80 square meters, this results in the coverage of 52,000 euros. Important: the amount of 650 euros is fixed. You can not set another amount. The advantage: for insurances that underlie this lump sum, the insurer waives the objection of underinsurance. In the event of damage, this means that the insurance company does not check if the customer is underinsured, the case may be.
The disadvantage of this form of insurance. The insurance pays a maximum of 52,000 euros for the exemplary 80 square meter apartment. So if you keep items with a value of more than 52,000 euros in your apartment, you should refrain from this insurance method.