When it comes to protecting your assets, both home insurance and residential building insurance are essential. While the former protects your personal belongings, the latter safeguards the physical structure of your home. This article highlights the differences and similarities between the two types of insurance and shows which risks are covered and what additional services you should consider. Discover how you can best protect your wealth.
Comprehensive Protection for Home and Belongings: Insured Risks in the Spotlight
In a secure home, both home insurance and residential building insurance play indispensable roles by covering specific risks and damages. Each type of insurance contributes in its own way to reducing financial losses in the event of unforeseen incidents or disasters.
Home insurance protects all movable items within the home that would be recognized as personal property. This includes furniture, electronics, clothing, and similar items. Covered risks include damages caused by fire and explosions, including fire damage, extinguishing water, and smoke. Furthermore, water damage caused by pipes is included, although specifics such as damages from broken pipes must be explicitly included in the contract.
Additionally, storm and hail damages from wind force 8 are part of the standard coverage, as well as damages caused by burglary and vandalism. Moreover, home insurance often also offers the option to insure against bicycle theft regardless of the bicycle’s location. Optionally, natural disaster damages, glass breakage, or special sports equipment can be included in the insurance contract to ensure even broader coverage.
Residential building insurance, on the other hand, focuses on the building itself and fixed parts such as walls, roofs, and integrated kitchens. Similar to home insurance, it covers damages caused by fire and lightning, as well as water damages from pipes that may occur due to frost. Storm and hail damages from a wind force of 8 are also included as standard. Optional features include natural disaster damages such as floods caused by natural disasters.
The combination of home and residential building insurance thus ensures protection for both inventory and the structure of the house, ensuring that in the event of damage, sufficient financial resources are available for recovery or replacement. These two types of insurance complement each other, thereby offering comprehensive protection for individual assets.
Extended Protection: Useful Additional Services for Real Estate and Assets
In the insurance sector, home and residential building insurance are fundamental for maintaining the value and security of our physical environment. However, in addition to these basic coverages, there are multiple additional services and optional coverages that can provide homeowners and renters with extended protection. These options not only cater to individual needs but often also represent essential integrations that increase financial and emotional security.
Home insurance protects our movable assets from everyday and extraordinary risks. But what happens if the unpredictable occurs, such as an earthquake or a flood? This is where natural disaster insurance comes into play, covering damages caused by the forces of nature and thus provides an essential safety net for particularly at-risk areas. Similarly, glass breakage insurance is advisable for homes with large glass surfaces or many glass elements. In the event of damage, this insurance covers repair or replacement costs, offering considerable financial relief, especially for high-quality materials.
For cyclists, optional bicycle insurance offers a particular added value, covering theft or destruction of the bicycle – a huge advantage in urban areas or for athletes with high-quality bicycles. Those who also own valuable items such as jewelry or artwork can insure them through a valuable items insurance, which often provides protection up to 20% of the insured sum.
In addition to home insurance, the auto insurance sector also offers valuable additional options, such as comprehensive coverage. This fully covers damages occurring in one’s own car fleet, ensuring that the risk of significant financial losses is minimized here as well. Especially in families with multiple vehicles, this can be a deciding factor in reducing stress.
An additional aspect is the legal protection provided by the property reserve and the pledge assignment, which create legal securities, especially for large investments. These prevent property rights from being lost before full payment has been made.
In summary, the combination of standardized insurances and individual additional services offers tailored protection for your assets. It is a smart investment in the safety and peace of mind for your home and your precious belongings.