Loan And Mortgage Information

Insurance policies for home

by admin on 21/09/08 at 2:37 am

To their home often, even after it is equipped with an antitheft system, you’re never quite sure. You can use then, to provide an insurance policy for the home, which may be of three types:

1 – Policy to integer value: it covers an amount that corresponds to the actual value and total assets in the house. But we must be careful, because if you suffer a theft of a value greater than the insured value will be paid an indemnity calculated in accordance with the proportional rule. Compensation will therefore be reduced in proportion to the ratio between the value that was insured and the actual value at the time of theft.

2 – Policy to first relative risk: taking into account both the insured value, which is the maximum compensation that can be achieved by both the value of insured property (insurable value). But if at the time of the theft, it is found that the value is greater than the insurable value in the policy, the rule is applied proportionally.

3 – A policy first absolute risk: the most common and usually more convenient because it does not take into account the total value of property in the home. In this case the insurance undertakes to pay compensation to the appropriate insurance, even if it is below the total value of insured property. Not apply then, the proportional rule.