These days, unfortunately, all of Spain is talking about the same topic: the tragic Valencia fire which, to date, has left ten dead and hundreds of people without homes or belongings. A disaster that has moved everyone and, at the same time, makes citizens consider two things: if your building is built so that they would suffer the same fate and, secondly, what would happen to them if misfortune happened. Here come the insurance and, with them, many frequently asked questions.
From the Spanish Union of Insurance and Reinsurance Entities, UNESPAhave expressed on behalf of the insurance sector their solidarity with the victims and relatives of the fire that occurred yesterday and, they have stressed, “in order to clarify how the insurance acts on these occasions, the insurance business association has prepared an explanatory document” with frequently asked questions and their answers.
The document maintains that all insurance of multirriesgos include fire coverage. This protection covers material damage caused by a fire in a property. In addition, the expenses incurred by extinguishing the fire and rescue are covered.
In the case of buildings close to the burned blockshomeowners’ associations and homeowners’ insurance policies also usually cover damage caused by smoke.
What insurance is involved in these types of circumstances?
This is an accident that has involved two entire blocks of homes. It has, therefore, affected the community of owners as a whole and the owners individually. To deal with this case, three will intervene. multi-risk insurance:
• Homeowners’ association insurance: covers damage to the construction (walls, floors, structure…) and common areas (portal, stairs, elevators, installation rooms, gardens, swimming pool…), both continent (walls, doors, windows… of the common areas) and the content (portal furniture, decoration of the common areas…).
• Home insurance: It covers damage to the floor (walls, doors, windows…) and contents (furniture, appliances and belongings inside). The owners of the homes that were intended for rent could also receive compensation for the loss of income in the conditions stipulated in the contract (amount, days…).
• Trade insurance: It covers damage to the premises (walls, doors, windows…) and its contents (furniture, merchandise inside…). Additionally, if the policy included loss of profit coverage, the insured business may receive compensation for the cessation of its commercial activity under the conditions stipulated in the contract (amount, days…) because it is material damage. For their part, the owners of the rented premises could receive compensation for the loss of income under the conditions stipulated in the contract (amount, days…) if they had contracted this roof.
The judicial police will determine through its investigation if, in addition, there is any type of responsibility related to the initiation and fire spread which may result in additional liability insurance being involved.
On the other hand, if any of the Dead people If you had life or accident insurance, your insurer will compensate the beneficiaries designated in the contract.
How do I find out who I had the insurance with?
If the insured does not remember who they had their home or business insurance with, they can contact their usual mediator to inform them (agent, broker or bank). Another option is to check the movements in the checking account to see which insurer issued the charge.
How much do you gonna pay me?
The insurers of the Community of owners and each of the apartments and premises will compensate for the damages caused, but the amounts disbursed may not exceed in any case the value of the destroyed property or the limit stipulated in the contract. That is, the so-called “insured capital” or “insured sum.”
Who has to compensate the damages?
In principle, the insurer of the community of owners and the insurers of each of the homes and premises will be the ones in charge of disburse compensation. The insurers involved will coordinate among themselves.
What is the insured capital?
The “insured capital” or “insured sum” is the maximum amount that the insurer will pay for the damage that has occurred to a property. In this case, we must consider the insured capital of the community of owners policy, on the one hand, and that which appears in each of the home or commercial insurance of the owners of the community.
I had my apartment or my rented premises and I have lost the rent that the tenants paid me. The owners who used their home or premises for rent and had it specified in their insurance contract, could receive compensation for the loss of income under the conditions stipulated in the contract (amount, days…).
I’m left homeless: Where am I going to live?
Homeowners who have home insurance may have their insurance policies include uninhabitability coverage. In these cases, your insurance carrier will provide you with help in finding a temporary accommodation. Usually for a few days. The scope of this aid will depend on the conditions stipulated in the contract (amount, days, etc.). It is important to keep receipts of expenses incurred to credit them later.
I am a relative of one of the deceased: How do I find out if they had life or accident insurance?
The Ministry of Justice has a Registry of insurance with death coverage where it is reported whether a deceased person had life or accident insurance on an individual basis and, if so, with which insurer. With this information, interested parties can consult the entity if they are, in fact, the beneficiary of the contract. If so, the insurer will proceed to pay them the corresponding compensation.
On the other hand, if the deceased was active, it is possible that your company had group life insurance. For this reason, it is advisable to consult the employer. If you are a beneficiary of group life insurance, you must contact the insurer in question, which will be in charge of delivering the compensation to the designated beneficiaries.
2024-02-23 16:51:07
#insurance #cover #home #suffers #fire #Valencia
