Each of us prioritises certain concerns over others. With the guarantees of the household insurance, Something similar happens, and that is that the coverage that is essential for one person may be optional for another. Let's see what issues are important for everyone in our home insurance.
The difference between container and content
On many occasions, as is normal, in conversations with customers, they confuse what is container and what is content. We will try to explain what each one is in order to make it clearer:
- CONTINENT: are the fixed parts of our dwelling (floor, walls, installations...). What could not be transferred elsewhere.
- CONTENTS: as we pointed out in a post from months ago in which we talked about the contents in home insurance, The most important things that we could take with us if we were to move. It would be: furniture, clothes, household appliances...
How to value my container and my content
Having clarified what each is, it is essential to assess both correctly. We often hear of “lower my content, I pay a lot”.”. You have to be careful with these things, because in case of a major loss: a fire, a burst pipe with a lot of damage... you will have to call in an expert.
When it comes to making your expert's report has to compare the value of the building and contents in the policy with what he sees when he visits the house. If it is seen that there is much more value in the house, a proportional rule which will harm the policyholder. This is why it is so dangerous to reduce capital just for the sake of it.
To assess both, our advice is:
- Continent: ask the insurance broker or the insurance company itself. Thanks to technology, the number of metres, type of property and postcode are cross-referenced, and the insurers already calculate a value for the building.
- Content: Nobody can help us here, and we are the ones who must make an inventory. Beware of relying on, as many banks do, if I have X metres of property, Y thousands of euros in contents. That makes no sense, because in a 30-metre flat there can be hundreds of thousands of euros in paintings and furniture.
Where do I take out my home insurance?
This should be based on a number of factors: price, service, coverage... Everyone is free to choose what interests them most.
Our advice, without a doubt, is to compare whether you have a mortgage or not. There is an idea that because I have a mortgage I cannot change my insurance... but the reality is that you only get a bonus, which probably does not exceed the savings you can find outside the bank. At least that's what our experience says.
If you want us to help you solve your insurance doubts and, above all, to improve your current conditions, contact us and compare the best home insurance.
