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Homeowners liability insurance

Anyone who builds a house and lives it himself is usually covered by a private liability insurance. But what if the property is rented? In this case, a homeowners liability insurance is required, which occurs in the event of damage.

Many know from their own experience how quickly damage can occur on and in the building, for example due to a broken lamp in the hallway that has not been replaced in time. As a homeowner, you are responsible for this damage and any consequential damage. A homeowners liability insurance can be an excellent help here.

To the house and property comparison:

Who needs a homeowners liability insurance

The topic of insurance is a sensitive topic for many. There are so many insurances nowadays that the question of necessity is often asked. However, there are some insurances that are necessary and indispensable in order to be covered in case of need. This is especially true for homeowners who otherwise rent or lease their property.

If the object is still in the construction phase, a building owner's liability is required in any case. A home, which is inhabited by the owner or sometimes rented for a few days, is sufficiently covered by a private liability insurance. In all other cases, however, a home and landowner liability insurance is advised in order to avoid having to bear the costs in case of damage. Also very important and to consider at the conclusion of the insurance for house and reason is the number of rented apartments and land. For example, if the apartments are located on a plot, homeowners liability insurance is sufficient. However, if the objects are spread over different plots, insurance must be taken out separately for each dwelling.

When does the homeowners liability insurance cover the damages?

As already in ours Homeowners liability insurance comparison mentioned, an owner must not violate his due diligence. If he forgets to carry out necessary repairs or does not remedy them properly, it can happen that in the event of damage and a detailed examination by the insurance company, the costs are not fully covered.

For example, uneven pavement slabs or a failed winter service can lead to accidents by third parties. The homeowners liability insurance is essential in such cases so you do not have to bear the cost of the damage yourself. The insured person receives a comprehensive all-round protection through this insurance, which ensures that there is no financial ruin in case of damage. This also applies in the event that a third party suffers an injury from the damage and thus incurs additional loss.

However, before it comes to a payment from the insurance, there is a precise examination of the damage. This simultaneously provides a passive legal protection against unjustified claims. So that no further damage can occur, the source of danger should be eliminated by the landlord or a commissioned company as soon as possible.

If you employ a caretaker for the insured object, this is also subject to the homeowners liability insurance. If the caretaker makes a mistake in his work or does not carry it out properly, you as the owner are responsible for it. Basically, it does not matter to the insurance company whether you or your employed caretaker caused the damage.

What basics should a home and property insurance policy bring with you?

When concluding a home and property insurance should be taken to ensure that it is perfectly matched to the property. In addition to the things insured by default, there are other aspects to consider in this particular insurance:

Remodeling and modernization

As in our house and Landlord liability insurance comparison can already be read, a special builder's liability is required during construction. However, this ends as soon as the object is completed. However, it may be that after a few years, a reconstruction or modernization is being considered. Therefore, when taking out a landlord liability insurance, care should be taken to include the cost of such a construction activity. The maximum limit varies from insurance to insurance, but is usually around 100.000 Euro.

insurance

As a rule, a manageable amount is set for most damages. However, there are also unforeseen damages, such as a fall due to a loose railing. In that case, it may well be that the effect lasts a lifetime. For this reason, homeowners insurance should be designed to pay at least up to three million euros for damages incurred.

Damage due to late effects

After completing the construction work, it is usually not possible to determine whether there are any late effects over the years, such as a dripping water pipe. These are so-called gradual damage, which are not immediately visible. Since not every insurance company covers these damages, it should always be ensured at the time of concluding that Domestic and landowners liability coverage includes these damages.

Damage to the photovoltaic system

Many homeowners equip their homes with a photovoltaic system to reduce the overall cost. These are systems that are usually fixed on the roof. For example, a heavy storm can cause individual panels to detach from the roof and fall onto a car. The cost of doing so can be enormous and should therefore be covered by homeowners liability insurance. Basically, it is therefore important that the photovoltaic system is included in the insurance.

How do I find the best homeowners liability insurance?

There are a variety of insurance policies and thus also insurance benefits and sums insured. In our Homeowners liability insurance calculator you have the opportunity to find the optimal provider for you. By entering your data, you will receive a direct comparison of the different insurance policies. Here you can now decide which insurance to cover your desired benefits perfectly. Request a free, no-obligation quote and enjoy attractive discounts, if any, that you receive when completing homeowner's liability online.

Conclusion on homeowners liability insurance

Anyone who owns a building or land, is obliged to keep it in perfect condition and to ensure that all necessary
Repairs are carried out quickly. Nevertheless, it may cause a third party to be harmed. In that case, the property and landowners liability for the damage incurred. That is why it is important that this insurance is taken out in order to exclude eventualities.