What is home insurance for?

HEYME home insurance

Home insurance brings together under the same contract guarantees for damage to the subscriber’s property (the house and its contents: furniture, electronics, etc.) and civil liability guarantees (damage caused by the subscriber to a third party).

Home insurance is essential to cover the vagaries of daily life. It provides protection against the financial consequences of a disaster.

What is home insurance used for?

Home insurance, also called Assurance Multirisques Habitation (MRH), is compulsory or strongly recommended for all accommodation, whether you own it, rent it or share it. It allows you to insure your apartment or your house against the most common risks: water damage, theft, burglary, fire, natural disasters… In a simple way: it covers your property financially in the event of a claim.

Home insurance allows you to be compensated by your insurance company in the event of a claim in your student accommodation. Through compensation in the form of money paid to the subscriber of the contract, the insurance company compensates for the damage suffered.

Who should take out home insurance?

The tenant of an unfurnished empty accommodation has the legal obligation to take out a home insurance contract. The latter must, at a minimum, take charge of the compensation of third parties affected by a claim declared in the subscriber’s home.

The home insurance certificate is mandatory to conclude a rental contract. It must therefore be given to the lessor at the same time as the other elements of the file (pay slip, identity card, etc.).

Since the Alur law of March 24, 2014 (law n°2014-366 for access to housing and renovated town planning), the owners of a condominium must insure it through the legal minimum of the civil liability guarantee. .

The owners of a house, meanwhile, have no legal obligation to have home insurance, but in the event of a claim, the damage will be at their expense.

Student housing insurance HEYME

In summary :

Tenant of unfurnished accommodation:

Legal minimum: civil liability cover (included in home insurance) to compensate third parties affected by a responsible claim declared in the tenant’s accommodation.

Tenant of furnished accommodation

Legal minimum: civil liability cover (included in home insurance) to compensate third parties affected by a responsible claim declared in the tenant’s accommodation.

Owner occupying the accommodation

Legal minimum: none but in the event of a responsible claim, he will have to bear the costs. It is therefore strongly recommended to take out home insurance.

Non-occupant owner

Legal minimum: none but in the event of a responsible claim, he will have to bear the costs. It is therefore strongly recommended to take out home insurance.

Co-owner

Legal minimum: civil liability cover to compensate third parties affected by a claim declared in the accommodation. The syndicate can take out home insurance but it concerns the common areas and very rarely the private areas.

Seasonal rental

Legal minimum: none. If it is a rental of a holiday home, the owner will have subscribed or not (no obligation) to home insurance and any claims will be borne by the insurance company.

Staff housing

Legal minimum: none. In the context of company accommodation, the employer is the owner and must therefore make the necessary arrangements.

What does home insurance cover?

Insurance companies cover the subscriber’s accommodation and his own person, but also third parties and their homes.

The number of guarantees varies according to the contract. Some are included and others remain optional.

Here’s what home insurance can cover:

  • Broken glass
  • Fire or explosion
  • Public liability
  • Water damage
  • Attacks and acts of terrorism
  • Natural disasters
  • Electrical damage
  • Vandalism and burglary

How to be compensated by your home insurance?

In the Insurance Code, article L. 121-1 stipulates that “the indemnity owed by the insurer to the insured cannot exceed the amount of the value of the item insured at the time of the loss”.

The contracts generally imply a deductible which corresponds to an amount of the damage left to the responsibility of the insured.

Damage to property is assessed on the value declared before the loss. The reimbursement of insurers can be made on two elements:

  • The value in use, which takes into account the normal wear and tear of the goods and their depreciation (obsolescence after X purchase time)
  • The new value, which allows compensation on the purchase price, with invoice as proof.

The declaration of loss must be made quickly to the insurer. It must include an estimate of the amounts of damage caused and all the documents allowing compensation:

  • Pictures
  • Testimonials
  • A complaint
  • Goods invoices

Attentiona willful misrepresentation may result in the termination of the contract and legal proceedings.

Does the housing insurance remain valid in the event of a move?

You can still keep your home insurance and transfer to your new home.

Just contact your insurer before the move and tell them:

  • The date of the move
  • The new address
  • The characteristics of the new accommodation
  • The value of the insured property

Please note that the amount of the premium may be reviewed. Ask your insurer for more details.

What about HEYME home insurance?

At HEYME, from 34€/year you benefit from a concentrate of guarantees to protect your apartment in the event of glitches. The price varies according to the type of accommodation (room in a Cité U, studio, T2, etc.) but remains the same regardless of your age or your place of residence.

If you are with a roommate, your friends are insured for free on the same contract and for the same price… a bit like Netflix, you share the costs!

👉HEYME home insurance

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