Why it is important to have home insurance and how to calculate it to save money

The human being, since the most ancient civilizations, works throughout his life with two objectives: the satisfaction of his needs and the construction of a house for his family. Having your own roof is one of life’s greatest achievements, especially in this modern, interconnected and competitive world.

And it is that it is becoming increasingly complicated and imperative to have the protection provided by an investment property. Population density, crisis in market employment, economic and social problems made the purchase home it’s really a real challenge.

But market Real estate is still safe ground if you know how, when and where to invest. Despite the passage of years, it is still one of the most profitable, even above gold and some types of currencies.

For this reason, when we have finally achieved this goal, we must know how to take care of the house that we have built with so much effort. To do this, today we tell you about the importance of investing in life insurance. place of life and how to calculate your home insurance so you can save money periodically.

What exactly is home insurance?

First of all, let’s contextualize. Insurance is a type of contract between two parties, through which a specialized company undertakes to compensate the policyholder, in the event of unforeseen damage or loss, upon receipt of a premium.

The parties to this type of contract are: the insurer (which is the company) and the beneficiary(ies). The insurance contract evolved from ancient civilizations, especially refined in Rome, as a means of giving a guarantee in case of bad harvests.

There are currently several types of insurance, including home insurance. This is nothing more than a contract that functions as an economic protection that covers damages, injuries and claims that affect the integrity of the place of lifeafter an event of unforeseeable circumstances or force majeure.

Why is home insurance important?

We are never exempt from the fact that things can happen to us, because life is full of unpredictable events. And there they say that “it is better not to need it and have it, than to need it and not have it.”

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In this sense, home insurance allows you to activate your policies in the event of fire or flood, natural disasters, social unrest, accidents in the structure, violent robbery, electrical damage, earthquake damage, civil liability, damage to third parties, protection of disability or death and basic digital security. Similarly, within the catalog of possible claims, others can be included, adapting to the social reality of each person.

What you should consider when calculating home insurance

The value of home insurance policies fluctuates depending on several factors. The causes of the variation in the value of the insurance are: the type of place of lifethe location and characteristics, the relationship and the time of use, the socio-economic and personal data of the beneficiaries.

Similarly, to calculate your home insurance you need to have the year of construction of the house on hand. place of lifepersonal and cadastral data, the data of your mortgage loan and the current account for the home insurance affiliation.

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Regularly calculating your insurance can help you get the most bang for your buck and save money. By modifying the data of the characteristics previously indicated, the value of the policy is also modified. This way, when calculating change home insurance, you save money.

Today it is possible to calculate insurance quickly and easily. On websites like Seguros Catalana Occidente We can check which home insurance is best for us to keep yours place of life and your protégé. Above all, thanks to its calculator, you can choose the best coverage.