To obtain insurance for property, it is necessary to decide on the type of insurance program and carefully approach the choice of an insurance company. It is important and detailed to get acquainted with the proposed agreement.
Types of property insurance
Property insurance can be issued for both an individual and a legal entity. It includes insurance of personal property, insurance of cargo, transport, space technology, houses, buildings, apartments, money, investments, etc.
Today the market offers a variety of programs, including a standard package of services, or express insurance. The latter is a standard set of risks and the amount of compensation and is drawn up as soon as possible.
How to choose an insurance company
Before signing a contract, it is important to choose a reliable insurance company. You can use the reliability ratings that are presented on the Internet. It is worth considering the experience of the company in the market, read the reviews about it in open sources.
Also, each insurance company must have a license from the Federal Service for Financial Markets. An employee of the company must present this document upon request.
What to look for in the contract
Before signing a property insurance contract, you must carefully study the terms and conditions offered by the company.
It is important to note that when insuring property, the amount of insurance cannot exceed its actual value (or book value). The insured value of the property, fixed in the contract, is not subject to revision and change. The only exception is those cases when the insurer was misled by the policyholder. The value of the property is determined by the representative of the insurance company, or directly by its owner. Correctly valued property allows you to accurately determine the cost of insurance and the amount of compensation in the event of an insured event.
It is worth paying attention to the conditions for receiving payments - on the basis of what documents they are carried out, in what time frame they must be submitted, by whom they are certified, etc.
One of the unpleasant pitfalls of the contract can be a franchise, which provides for a reduction in compensation for losses incurred by an agreed amount. In addition to the franchise, it is worth clarifying which risks the property insurance contract will protect against. So, for example, the insurer can understand by the gulf only compensation for losses after a pipe break, and not the consequences of the gulf by the neighbors.
How to conclude a property insurance contract
To conclude a contract, you must contact the office of the insurance company, or invite an insurance agent to your home. You will need to draw up an application and present your passport. Title documents and payment documents may also be required.
