Two. Insurance of houses, apartments (homeowners and tenants insurance) and personal property.

Two. Insurance of houses, apartments (homeowners and tenants insurance) and personal property.
This type of insurance, as already described, and life and health insurance, are not mandatory. But most likely, the customer will take advantage of them, based on the fact that he wanted to get a refund in the event of loss of such valuable property.
We can distinguish the following main cases when you can get a refund on insurance contracts home and property:
damage caused by natural disasters such as fire, storm, hail, and others;
theft;
damage caused to property of others caused by their negligent physical damage.
You can buy separate insurance for each of these cases, but it is hardly worth doing, it is better to use a comprehensive insurance that covers all of the above cases. There are different types of complex insurance other than insurance on ways and methods to assess damage. Each U.S. state has its own laws that define the main points of the real estate insurance, but there are some general principles that we describe in more detail.
Let's start with the "minimum assortment" of cases that must be included in any contract of insurance of complex movable and immovable property, irrespective of its specific type. In full accordance with the above three moments, to be paid cash compensation for the immovable and movable property (even located at the time of the insured event), provided that it suffered during the fire, storms, hail and other natural disasters, except as outlined below as well as an explosion, riot, vandalism, damaged car, plane or stolen. Additionally, refunded the cost of compensation to third parties for damage to their health or property damage (for example, if the fire spread to a house nearby). The insurance company must pay for legal services, medical bills and additional expenses related to temporary accommodation forced away from their homes.
If the client is concerned that are not all possible trouble, and he wants to expand the list covered by insurance cases, you will not be met with no objections, subject to extra charge. For example, to offer insurance in case of accidents or water heating system, electrical damage, falling objects at home that can produce a fracture (eg, fragments of the plane, even the space shuttle), as well as damages under the weight of accumulated snow or ice. If this is not enough - you can offer yourself.
But while there are some cases where the insurance contract will not be able to help. Virtually no insurance company will not offer
compensation for damage caused by earthquake, flood, interruption of energy supply, nuclear war or disaster. If you lost personal property used in the conduct of business, then this damage, too, usually not covered by insurance.
By entering into a contract of insurance house or apartment, you should pay attention to the following:
how much it will cost insurance.
how much it would cost restoring homes destroyed by natural disaster;
Do you want to pay more for insurance and receive full compensation, or prefer to save on payments, but have only a partial reimbursement of losses;
what types of disasters are most likely in your area;
The amount by which you can insure your property can be any part of its real value. The amount of compensation in this case can be determined on the basis of two different factors: the cost of compensation (relacement cost) or the actual cost of damaged property (actual cash value). The difference between them is the easiest way to understand a specific example.
Suppose, as a result of flooding in your home and significantly undermining the foundation sank, and for the repair you have to pay $ 3,000. If compensation is calculated by the first method (replacemenr cost) payment amount will be just $ 3,000, covering the full cost of repairs. But when the second case in the calculation of depreciation can be accepted damaged part of your property. If your home is designed for 30 years, 15 of which have already passed, its real value is two times less, ie, the cost base (and, accordingly, the amount of compensation) shall be determined in 1500 dollars.
That's the real price of movable property determines the cost of compensation in the contract on his insurance. As a general rule, insurance companies are determined, and the maximum amount of compensation payable for loss of a certain type of personal property.
For example, in New York in case of theft of the insured jewelry and watches will not be paid more than $ 500. Now we're only talking about complex insurance contracts of movable and immovable property. Nobody bothers to conclude a separate contract of insurance if you have expensive jewelry.
Take into account the following practical tips:
in the event of damage to the insured home or property is not in a hurry to make repairs before your insurance company will make an appropriate inspection and assess the damage;
in case of damage or theft of your property immediately inform the insurance company;
Always have a list of valuable items at home with their price and purchase date so you can accurately determine the amount of damages.
Keep in mind that if the insurance company is not sure that your payments do not cover the level of potential risk, it will usually be within a certain period from the date of signing the agreement to terminate it.
In various states in the U.S. these terms are different in New York, for example, a period of 60 days. After this period the insurance company will be much harder to terminate the contract with you. This is possible only if:
Your property has undergone a physical change as a result of which it was deductible (uninsurable);
you have committed willful or negligent actions that increase the risk of loss of insured property;
you do not make payments under the contract;
found intentional overstatement or reckless actions that increase the risk of loss of insured property;
You were convicted of actions aimed at the risk of loss of insured property.
In conclusion, the companies offering the lowest prices at the conclusion of an insurance contract can not always offer you the proper quality and range of services and do not differ a good reputation. Do not forget about it, do not try to buy the cheap.