Home insurance concerns all people living in a home, that is to say tens of millions in France. This insurance can be broken down in different ways depending on your accommodation of course, but also depending on your profile (tenant, roommate, owner, etc.). So, how do you navigate home insurance, prices, guarantees, deductibles and potential exclusions? How to pay less and what should I know in general? We tell you everything.
Is home insurance compulsory?
Home insurance is compulsory for some, and for others not. It depends on your “status of inhabitant”, owner, tenant, etc. Here is the detail :
Owner : he is not required to take out home insurance , whether occupant or non-occupant (rental apartment). In the event of a claim, however, he will have to file his own recourse and will not be compensated by an insurance company. It is therefore very rare that a landlord does not insure his principal accommodation, in particular for the risks of fire or natural disasters.
Tenant or roommate: insurance is compulsory and they must give the owner the insurance certificate as proof of purchase of home insurance (otherwise being a reason for termination of the lease contract). However, he can choose the minimum level of guarantees.
Co-owner : co-ownership regulations often require co-owners to insure at least civil liability for claims that have caused damage to the building having originated in their accommodation. Liability coverage is also taken out, often by the trustee on behalf of the co-ownership, for disasters that begin in the common parts of the building.
How to choose the best home insurance?
The most effective method to find the best home insurance is to compare the offers in the market because there are dozens of different insurance contracts. Ask for several insurance quotes from different players and find the contract with guarantees and prices that best meet your needs. An owner will not have to face the same risks as a tenant, who will not have the same needs depending on whether he is renting an apartment for his family or whether he wants insurance for student accommodation.
Reassure me, an online insurance broker, provides you with free home insurance comparison.It allows you to make instant online quotes to help you know which contract to choose when signing up. By answering a few questions, our simulator gives you access to indicative prices of insurance companies, giving you an estimate of the costs to pay.
Important point: the comparator is completely anonymous.
When competing for offers, compare the prices but also the following points:
- general and specific conditions of your contract;
- deductibles applied or not;
- possible waiting periods;
- guarantees and exclusions of guarantees;
- compensation ceilings.
Why use an online home insurance broker?
To obtain several home insurance offers, you can go to an agency and request quotes, or make this claim over the phone. But it turns out to be extremely time consuming. The easiest way is to use an online home insurance comparator. This one which will instantly give you the prices of dozens of offers, and the associated guarantees.
The second advantage is that you can subscribe directly online and get your insurance certificate right away. In addition, this does not prevent the possibility of being advised thanks to a team of experts (telephone, email, chat).
What is the average price of home insurance?
It is difficult to estimate the price of your home insurance as it varies according to your profile and your home. The following criteria are particularly important for the cost of your insurance: the region where you live, your accommodation, its size, its seniority, etc.
For example, in 2019, a T2 tenant insured with Matmut pays € 168 per year, while a T4 owner insured with MAAF pays € 256 per year. Another example, in 2016, the price of tenant’s home insurance was on average € 240 per year, while that of owner’s home insurance was € 358 per year.
5 tips for cheap home insurance quote s
Tip n ° 1 – Choose your guarantees carefully :
No need to take out guarantees that you don’t need, you will pay for them for nothing. For example, a “childcare assistance” guarantee or “school insurance included”, when you have no dependent children.
Tip # 2 – Increase Franchise Levels :
The higher the deductibles will be applied to your guarantees (i.e. in the event of a small loss such as a water leak, you will have to participate in the plumber’s intervention), the more this will lower the amount of your annual premium. .
Tip n ° 3 – Lower your guarantee limits:
It is in fact possible for you to lower your compensation limits, for valuables for example. Be careful, you will be less covered in the event of a claim.
Tip # 4 – Make the competition work:
The Hamon law having made it easier to terminate a contract and the online comparators being efficient and free, it is now easier to go to a competitor of your current insurance company. Indeed, you can change now at any time and free of charge from the 13th month.
Tip # 5 – Subscribe online:
Many more home insurance offers are available online and often come with promotional offers that you cannot find in an agency.
How is the price of home insurance calculated?
Depending on the value of your home and your property, the premium due to the insurance company may be very different for the same insurer. Several factors must then be taken into account to gauge the value of a property:
surface area of the accommodation and / or the number of living rooms (excluding the kitchen and the bathroom);
quality of the occupant (tenant, co-tenant, owner-occupant, non-occupant, co-ownership);
value of furniture (contents or movable capital) and any valuables;
specificities of the place (outbuilding, terrace, swimming pool, main or secondary residence, garage, etc.);
geographical location of the property (Corsica is more difficult to insure for example);
guarantees making up the desired home insurance;
FBB index: Construction Cost Index from the French Building Federation, which serves as an index for insurance policies. It is calculated quarterly on the cost price of an average building.