Article 7 of the law of 6. July 1989 requires all French tenants and co-owners to insure their home against tenancy risks through house insurance. As soon as it is taken out, it protects them from various damages such as fire, explosion or water damage.
But everyday life sometimes reserves its share of surprises… Accidents, burglaries, natural disasters, there are many other unforeseen events to anticipate. Therefore, multi-risk home insurance is the ideal protection to get maximum coverage.
What is home insurance?
In addition to being mandatory for tenants of furnished and unfurnished property as well as for co-owners, home insurance is a valuable guarantee that covers the insured in the event of damage occurring in the home. Although it is not imposed on the owners, its subscription is still highly recommended.
All related contracts include at least one guarantee against the risk of fire, explosion and water damage. This gives the insured the opportunity to receive compensation from his insurance company for the damage suffered.
Depending on the needs, home insurance can be declined in different formulas. Among them, the multi-risk housing contract, a guarantee that has many advantages, and especially many additional options.
Why choose multi-risk home insurance?
In contrast to basic insurance, multi-risk home insurance, also known as “MRH insurance”, is a multi-guarantee contract that provides optimal coverage for the insured’s home, chattels, himself and a third party occupying the home in the event of damage. .
The MRH contract covers the policyholder for classic risks: fire, water damage, frozen pipes, natural disasters and storms, theft, vandalism and broken glass.
But this type of insurance primarily has basic guarantees such as Civil Liability (RC), which covers material and bodily damage caused to a third party. Legal protection, relocation assistance and emergency repairs or criminal defense and recourse are also guarantees included in the MRH contract.
Multi-risk home insurance is therefore more complete protection than traditional home insurance, as it includes all the guarantees required by law and several other guarantees.
What exactly does multi-risk home insurance cover?
The HRM covers a large part of the insured’s real estate. This concerns garages and basements, residences (house or apartment), fences and retaining walls, share of common areas if the insured is a co-owner, outbuildings (mainly built in hard), real estate furnishings and verandas (if stated at the time of the subscription).
However, it does not include buildings under construction, all plantations, plants, lighting or leisure facilities, external pipes and garden sheds.
How do you take out multi-risk home insurance?
The multi-risk housing contract can be concluded with different organizations: for example, a bank, a broker or an insurance company.
In addition, there are now online insurance policies that facilitate its subscription that goes directly through the Internet. This is the case with LUKO, a new insurance company specializing in housing and mortgage loans. An interesting alternative that saves both time and money.
Whatever the insurance company chooses, it is important to make a comparison to get a global and defined vision of the different solutions offered on the market.
To do this, you simply need to fill in all the necessary information: the type of home and its surface area, the number of rooms, the location, the status of the insured (owner or tenant), the value of the home and the insured property, etc. . An information sheet on prices and guarantees is then sent, as well as a copy with associated attachments or a detailed information notice.
Good to know : With entry into force on 26 July 2014, the Hamon Act, regarding consumption, gives you the opportunity to cancel your home insurance policy at any time one year after it was taken out, free of charge.
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