Home insurance: mandatory or not?

Tenants are obliged to take out a home insurance, which they are required to present to the landlord at the time of signing the contract. This insurance provides the owner with protection against possible damage caused in the dwelling, guaranteeing him / her compensation if necessary.

It should be noted, however, that this obligation applies only to empty leased goods. Tenants of furnished dwellings are therefore not affected by the obligation to take out home insurance. The same applies to tenants of holiday homes or official housing.

As far as homeowners are concerned, however, they are not subject to any obligation in the area of ​​home insurance, although it is strongly recommended to do what is necessary and at least to cover themselves against damage caused to third parties by insuring third party liability insurance.

Home insurance: for what?

There are of course multiple forms of home insurance. It is up to each person to choose the best suited to their needs and expectations. It is thus possible to opt for formulas that are particularly complete, offering extreme protection ... but also a higher or lower cost depending on the insurance companies.

In the case of a lease, the tenant must subscribe at least a "rental risks" insurance, the aim of which is to compensate the owner in order to take charge of the damages caused by a fire, an explosion or water damage .

It is then possible for each tenant to subscribe to a more extensive form, covering in particular the damage caused to his own property (multi-hazard home warranty) or to that of his neighbors (guarantee by neighbors and third parties).

Home owners are also strongly recommended to provide homeowners with comprehensive coverage for theft, fire, explosion or water damage. The accommodation, but also the furniture and the various valuables are covered, and the owner can be compensated if necessary.

In all cases, taking out a home insurance policy requires a preliminary reflection in order to choose the formula that provides the most appropriate answer to its needs, both in terms of guarantees and budget. It can be interesting to use an insurance comparator which allows, in a single click, to receive quotes from several insurers and to make his choice without moving from home.