Home multi-risk insurance is a fundamental protection for those who own or rent a house. Although fire insurance is mandatory for buildings in horizontal property, multi-risk insurance is a more comprehensive solution, ensuring coverage for various unforeseen events.

What is home multiple risk insurance?

The multi-risk home insurance is an insurance that covers damages to the home and, in some cases, to the belongings inside the house. Its main advantage is that it includes several coverages in a single policy, ensuring more comprehensive protection against various risks.

This insurance can be contracted by both owners and tenants and can include different levels of coverage, depending on the policyholder's needs.

Essential coverage of home multi-risk insurance.

Although there are several optional coverages, there are some that are mandatory for effective property protection:

1. Fire, lightning, and explosion

Mandatory protection for buildings in horizontal property;

Cover damages caused by fires, lightning strikes, and explosions inside the house.

2. Floods and natural phenomena.

Protect against damage caused by floods, storms, falling trees, landslides, or earthquakes.

Important for houses located in flood-prone areas or near the sea.

3. Water damage

Cover damages caused by pipe breaks, infiltrations, water leaks and malfunctions in plumbing systems.

Some insurers also cover expenses for detecting the origin of the problem and repairing the affected system.

4. Theft or qualified theft

Protects against assaults involving break-ins, climbing, or use of force;

It can include coverage for stolen personal belongings inside the house.

5. Family civil responsibility

Guarantees protection in case of damages caused to third parties by family members or even by pets.

Example: If a pipe bursts and causes damage to the neighbor's apartment, this coverage helps pay for the repair costs.

6. Glass and mirror breakage.

Cover the replacement of broken glass in windows, doors, mirrors, and even solar panels.

7. Electrical hazards

Protect against damage caused by short circuits, overvoltages, and electrical discharges;

It can cover damages to household appliances and electrical systems.

Loss of income or relocation expenses.

If the house becomes uninhabitable after an accident, cover the costs of temporary accommodation.

For landlords, it can ensure rent payment if the property becomes unfit for renting.

Optional coverages that can make a difference

In addition to essential coverage, some insurers offer additional protections, such as:

24h home assistance (sending technicians for urgent repairs);

Pest infestations (extermination of rats or insects);

Legal protection (assistance in legal processes related to housing).

Only 19% of homes have insurance with seismic risk coverage. Find out how to add it.

How to choose the best multi-risk insurance?

To choose insurance suitable for your needs:

Check the applicable compensation limits and deductibles.

Confirm if the essential coverage is included in the policy.

Read carefully the exclusions of the contract;

Compare coverage and prices between different insurers, using an insurance intermediary. Visit https://www.poupancanominuto.com/seguros?utm_source=poupanca-no-minuto&utm_medium=artigo&utm_campaign=832-mediador for more information.

A multi-risk insurance can prevent high costs in case of loss and give you financial peace of mind. If you have a home loan, the bank may require a multi-risk insurance to grant the financing. However, you are not required to purchase the insurance from the same institution as the loan.

If you are looking for this insurance, inform yourself well and ask for help to choose the best option and ensure the safety of your home! The insurance brokers at Poupança no Minuto handle all the paperwork for you, free of charge. Contact the agents here now and start the contracting process today.

Did you enjoy reading? Share it!