Starting with those to protect the condominium up to those of the property we own, let’s see when it is mandatory to do them, when it is optional and why it is important to do them for the sake of security and cost control.
- Multi-risk condominium insurance
It protects the common areas of buildings from damage and civil liability, guaranteeing security and tranquility to all co-owners. - Fire and explosion insurance
Mandatory for those who take out a mortgage to buy a house, fire and explosion insurance covers damage caused by fire, explosions and lightning. - Home and family insurance
A policy designed to fully protect the home, its contents and those who live there. It guarantees security against various risks, ensuring serenity and tranquility for the whole family.
Multi-risk condominium insurance
Protecting your car is fundamental – and mandatory by law in terms of traffic – but it is just as important to do it with another asset that we own: your home, starting with the comprehensive real estate policy. Insurance covering the entire property in which our apartment or outbuildings are located – therefore excluding moving parts – against damage due to fire and other events, such as atmospheric phenomena (lightning, particularly violent hail, etc.) or socio-political. It is good to remember that policy is optional and the approval – unless it is a clause already provided for in the co-ownership regulations – must be expressly approved by the co-owners. Nevertheless, capillary diffusion is observed given the many advantages, including the exemption for the owner of the condominium from unforeseen expenses that can be considerable, especially for condominiums with a higher thousandths share. In these cases, the insurance covers the costs, guaranteeing greater peace of mind and greater economic security to the owners.
Fire and explosion insurance
Fire and explosion insurance (for Linear within the Building Damage Guarantee) is an essential element in the context of purchasing real estate through a mortgage loan; the bank sets it as a mandatory condition for granting the loan to protect what is the object of it – against the risk of fire, which can come from multiple causes. This policy can be offered by both the bank and the customer.
The insurance can be paid in the form of capital or in monthly installments, with a supplement added to the financing amount. This last option offers economic flexibility to the client, allowing them to adapt the deadlines to their financial availability.
Let us recall that in a diversified and flexible scenario such as the one currently underway for mortgage loans, there are even banks that allow a formula without fees while the institution is required to guarantee the offer of at least some additional insurance in addition to its own.
Home and Family Insurance
When it comes to insuring your home, it is essential to consider the different variables related to the use of the property, whether it is intended for personal use or rented to third parties.
The Linear Home and Family policy is designed to fully protect not only the property itself against damage caused by fire, atmospheric events or vandalism, but also to preserve its contents and protect those who live there.
Thanks to the additional protections, it is possible to guarantee the restoration of the premises if necessary (including clearance and functional moving) and reimbursement of rent costs incurred by the owner in the event of clearance of the property and loss due to non-payment. -receipt of rent if the property cannot be used as income for an extended period.
It is also possible to protect against damage caused unintentionally to third parties and their property, such as damage resulting from water spillage caused by distraction or bodily harm caused to third parties inside the home ( provided there is no family relationship). in the third degree with the owner). This guarantee can also be extended to accidents caused by pets (excluding only certain specific breeds duly listed), it is in fact possible that the dog, having escaped our custody, causes damage or injury to a passerby.
The Home and Family policy can be further personalized with additional coverage designed to meet individual needs and ensure adequate protection for:
- thefts, robberies and any damage caused by thieves
- damage caused to others while using your electric bike or electric scooter
- injuries that can occur in daily life
- risks related to viruses and malware or cyberbullying incidents
- legal costs in the event of a dispute