It is necessary to be vigilant if the house has designer furniture, collectibles, expensive electronic equipment, and not hesitate to choose a formula that allows you to properly insure all goods. (Pixabay / Vane Monte)
Second home owners or those choosing to rent their property to others should check their insurance. There are two types of suitable insurance based on comprehensive home insurance. The rates are similar, but the level of coverage may vary from company to company.
Like your main home, a second home or property that is rented out to others, you need to insure. We have to pay attention to the coverage offered because it varies from one contract to the next. Peace…
Accounting for your furniture
The contract for an apartment building for the second home is similar to the contract proposed for the main residence. It includes guarantees against water damage, fire, natural disaster or burglary. Civil liability is also attached to it. But not all companies offer the same guarantees, the daily warns.
With the same area of housing, the size of the insured movable capital increases from simple to triple. It is necessary to be vigilant if the house has designer furniture, collectibles, expensive electronic equipment, and not hesitate to choose a formula that allows you to properly insure all goods.
Non-Residence Owner Contract (PNO)
Some contracts include measures, such as turning off the water supply when you are not in the second home. Otherwise, there will be no compensation. Valuable items (such as jewelry) or items left behind in outbuildings such as bike rooms and sheds may not be covered.
To rent out real estate located in a condominium building, you must conclude a Non-Resident Owner Agreement (PNO), warns Peace… “This insurance is used, inter alia, to protect against risks that are not covered by the tenant’s comprehensive home insurance, or in the event of a claim between two periods of residence.”, says the head of the MRH GMF branch in Covea. The cost of this insurance is about ten euros for a two-room apartment.
Elimination of a structural defect
This PNO contract contains guarantees comparable to comprehensive home insurance. A construction defect is supported by most of them. Maintenance defects are also covered, which is an additional guarantee when the tenant does not honor the lease.