blog-admin 
Home insurance is one of the types of protection that offers the best value for money on the market. Despite its importance, since the property is usually the most precious asset of a family, the product is far from being among the types of insurance that are easily remembered by the population.
Is home insurance really worth it? Under normal conditions, the insurance does not reach 1% of the property value. Read on and draw your own conclusions!
Home Insurance
Purchasing your own property is not easy. Most of the time, the achievement of home ownership is the main milestone in the life of a family, in financial terms, of course. Such an investment must be properly protected – and that is where home insurance comes in.
Taking out insurance is an effective way to prevent incidents, such as thefts and fires, which can cause huge losses and compromise the built heritage entirely.
The calculation of the policy value takes into account the cost of rebuilding the house and the real value of the assets. In other words, the price is based on the claim, which is the amount to be paid by the insurer in the event of an accident. If additional coverage is contracted, the increase is calculated proportionally.
Benefits and main coverage
Most basic home insurance plans include coverage against fires, lightning strikes and explosions. However, the product stands out for its versatility. There is a wide range of coverages that can be contracted according to the need.
It is possible, for example, to guard against theft, damage caused by lightning in electronic devices, floods, gales and hail. Other additional coverages include breaking glass and family civil liability, which covers damages caused by family members to third parties.
Some insurers provide 24-hour assistance, offering services such as locksmith and electrical and plumbing repairs.
The cost of home insurance
One of the big myths about home insurance is related to its cost. When removing a car from the dealership, the buyer knows the importance of taking out vehicle insurance.
This is because he understands how advantageous it is to be protected against traffic accidents or burglaries. It turns out that, in this type of insurance, the average price charged by insurers is 2.5% of the value of the vehicle.
Therefore, a car that cost R $ 60 thousand will have its insurance budgeted at approximately R $ 1.5 thousand. The price can be even more expensive, depending on the age of the driver, the existence of a garage, the distance traveled daily, etc.
However, many people think that home insurance follows the same logic. In other words, a house valued at R $ 600 thousand would generate very expensive insurance, initially costing R $ 15 thousand. This calculation is not consistent with reality. In fact, home insurance can cost a lot cheaper than vehicle insurance. Most insurers charge a maximum of 0.4% of the property price.
Apartment insurance
Many people confuse condo insurance with home insurance. Condominium insurance is a product that aims to protect the financial interests of all residents of the building. Therefore, it is associated with common areas.
Imagine the following situation: a short circuit sets fire to the ballroom. Reforming this environment would generate a huge cost for residents. Therefore, as the only source of income for condominiums is the fees paid by the owners, having insurance is essential.
However, this insurance does not protect the apartments. Each person must take out insurance to protect their property. Although apartments can be safer than houses, since they have a concierge, surveillance system and lightning rod, home insurance can be interesting.
First of all, it cannot be ignored that the risk of an invasion continues to exist, despite investments made in security. In addition, there are insurance policies that cover damage caused to third parties by residents or employees.
Imagine that you end up dropping something from your apartment window. This object falls on top of a car. This loss could be mitigated by resorting to the insurance company.
Evaluation prior to contracting home insurance
Before hiring home insurance, it is important to analyze the risk situations that can affect your assets. In certain regions that are more prone to runoff, for example, it is more worthwhile to include flood protection in the plan. Depending on your municipality’s crime rate, coverage against theft may be prioritized.
In case of financed property, stay tuned. In these circumstances, home insurance is mandatory, that is, your home is already protected with basic coverage. In addition, in case of death of the owner, the insurance ends paying the installments, which also occurs when there is disability due to an accident.
You can start your search by talking to companies with whom you already have a relationship, such as your bank or other insurance company. As these companies already know you, it may be easier to have access to cheaper products.
Remember that the longer you stay with an insurance company, the lower the amount paid for the service. Therefore, it is interesting to start this search for insurance companies as soon as possible.
Home insurance is an important investment to protect your assets and secure your future. Although the price may seem high in absolute numbers, its cost-benefit ratio is incredible, as we have shown in this article.
Of course, no one buys or real estate imagining that something bad could happen to him, but prevention can free the owner from major headaches.
When searching for your home insurance, evaluate companies by looking at the comments on their social networks, consumer protection sites, such as Reclame Aqui, etc. Be selective, as this company will be contacted in a moment of nervousness. It is important that she knows how to deal with the public.
Do not forget to calmly research the existing home insurance options on the market and look for a company duly qualified by the Superintendência de Seguros Privados (Susep).
If you want to make your own home dream come true, download our Definitive Guide to Making Your Own Home Dream come true right now. It is a complete material, which will help you in all stages of the purchase. Ah! And it is free!
