2) Breakages of windows, marble, sanitary ware, and glass-ceramic cooktops
Again, looking at the number of claims, this is the second most common type of home insurance claim.
This coverage guarantees you will be covered for repairs or compensation for breakages of the items listed, provided that the cause of damage is accidental.
3) Damages caused by electricity
As you can imagine, this is the third most common cause of claims in the home.
This covers you against electrical damages caused to electrical facilities and appliances resulting from abnormal currents or network surges to the mains supply.
Until now, we've highlighted the main types of coverage according to the frequency of claims. But there are other considerations we need to take into account to determine the basic coverages home insurance will give you, such as the extent of the damages sustained.
It's important to highlight these two important types of coverage: Fire coverage, and public liability coverage. Here's an example: What would happen if, due to your own carelessness, you forget about a frying pan in the kitchen and started a fire that caused serious damage - not only to your own home, but your neighbor's and the community? Would my home insurance cover all the damages? Let's look at it in detail.
4) Fire, explosion, lightning strike and smoke
This coverage is considered an essential safeguard a home insurance policy should cover. Fire is one of the few incidents that can cause total destruction or ruin of insured goods: arising from both the fire itself, and the smoke. Sometimes there is so much smoke that serious damage can be done to walls and floors, as well as rendering furnishings and belongings unusable.
5) Non-contractual civil liability
This is essential for home insurance coverage, and is probably the most important type of coverage. As homeowners or renters of homes, and on a personal level in our private lives, we're responsible for damage or harm (either material or personal) caused to third parties.
Public liability coverage undertakes to provide compensation to third parties (to the limit of the sum insured in the policy) and also provide for any defense costs for the policyholder, for any damage or harm we cause involuntarily to a third party - provided that we are responsible for causing the aforementioned damages. It's important to consider that this coverage is not limited solely to covering the damages caused to a third party in the home (such as a water leak causing damage to a neighbor), but also to damages we cause to a third party in our private lives.
This could apply to a broad range of cases: for example, your child throws a stone and breaks a car window, or your dog runs away and causes a car accident. What would happen in such cases? Your home insurance – through its public liability coverage - would cover these damages, and would take care of compensating damaged third parties. For this reason, and 'for whatever might happen', it's advisable to take out an insurance policy that covers Public Liability, for a minimum of €250,000. Here are some other useful types of coverage:
6) Weather damage
(Heavy rain, strong wind, hail, or damage caused by the weight of accumulated snow) Every day we hear more and more news stories of natural disasters: major snowfalls, floods, strong gusts of wind, hail, etc. And even though the vast majority of home insurance products cover us against them, the minimum limits they cover can vary. For example, the minimum wind speed for damages to be covered could be set at 70 Km/hour or 85 Km/hour, etc. It's therefore advisable to take these figures into account.
7) Damages caused by theft
This coverage will compensate you for the value of goods taken or stolen from your house, provided that there's been a forced entry or violence or intimidation against a person/people. You would usually also be covered against a mugging outside of the home and, in some policies, against theft (unlawful seizure of goods without force, or violence or intimidation against a person/people).
This type of claim is the one most likely to cause the policyholder to feel vulnerable. Someone breaking into your home while you sleep, or a violent mugging in the street, can cause you to feel extremely unsafe. That's why it's important to have insurance that helps you overcome the losses and damages brought about by these difficult situations, and have a product that covers you for the repair of any damage to your home (for example getting a locksmith to fix the lock a thief has forced to try to access the home).
8) Legal protection
This is one of the types of coverage that may pass you by when you're looking at taking out home insurance, but it can be very useful in the event that you need legal protection in your private or family life. The service offers judicial and extrajudicial legal assistance, as well as support in coming to amicable agreements, or for extrajudicial claims in defense of your interests. And depending on the policy you choose it may provide other safeguards. For example, you can use this coverage to demand compensation for damages caused to you by another person.
9) Additional services
It's also important to know what other services the home insurance you choose can offer you - ones that don't see you sustaining any harm or damage - that give you added value. These services cover necessities such as carrying out basic home improvement jobs in the home.