How much it costs to secure your home against all damage.

How much it costs to secure your home against all damage.

Securing the home is one of the main concerns you should have if you want to protect your heritage. All-risk Home insurance offers a policy that will help you cope with eventualities that are never exempt. These work by providing coverage for the property you own within your home and, generally, the coverages included within these policies are as follows:


Against events of nature: Includes losses and damages caused in your property by earthquakes, hailstorms, avalanches, tidal waves, windstorms and other natural phenomena.

Fire and all allied hazards: such as water damage inside the building, damage to electrical networks, etc.

Against theft: If you become a victim of theft of any kind, even if it was an act involving the use of force and violence, it may also be covered by the insurance policy, medical expenses generated to the people concerned.

Non-contractual family liability policy: that is, it covers all damages that may be caused to a person within his property, either because he does not have the appropriate physical conditions or for modifications that are carried out within the property.

Damage or theft of jewellery furniture, installations such as bathrooms, kitchens, household appliances, electronic, among others.

Protection against strikes, riots, asonadas, civil commotion, and malicious acts to third parties.

Loss of rent or temporary accommodation.

Home protection: These are all expenses such as plumbing, electricity, locksmithing, glass breaks, etc.

How much to pay

Keep in mind that you should not skimp on costs at the time of value to ensure, since the subsequent payment of the insurance premium will depend on the amount of goods listed: A greater amount declared, higher premium.

Generally, the estimated rate starts from 1.5 per mil. This figure will vary depending on the insurer, the area in which the home is located, the characteristics and value of the property, and the value of the contents within the ownership.

For example, for a property of $400 million, which ensures for $50 million appliances and other furniture, the final value of the policy against all serious risk of approximately $1 ' 100,000.

Even, there are some insurance companies offering the possibility to pay in 3 to 4 uninterested fees, or up to 12 fees with interest.

The value of the deductible, i.e. the percentage that would pay the user, varies according to the insurer and the type of loss. But on average it is 3% of the insured value in real estate, and 10% in electrical and electronic appliances. The lowest is 3 minimum wages in force on average ($ 1 ' 389.000).

How to buy

It is best to go to an insurance broker duly accredited by an insurer, or directly with an insurance company.

Ask all the questions that arise and find out well what the insurance covers and what does not cover. Also, reading well the exclusions will save you future headaches, knowing the extent of your coverage.