Personal property insurance: features and rules

Personal property insurance is one of the most popular and demanded types among the population. The fact is that, having insured his movable and immovable property against damage or theft, a citizen can no longer worry about an unforeseen event. In any scenario, a person, even having lost valuable things, can soon acquire them again for payments received from the relevant organization. How to insure your property and secure your financial interests will be discussed in this article.

Why do you need to insure your property?

Our citizens are accustomed to living in a positive way; they never even think of a fire, flood or other emergency situations. How annoying it becomes when all the property in which huge funds and efforts have been invested burns down completely and cannot be restored. But it was possible to insure it and buy a new amount for the amount paid by the insurance company.

Of course, one cannot foresee everything, but it is possible to insure against possible harmful influences or circumstances to which a valuable thing is exposed. That is why the number of contracts concluded with agents of such organizations is increasing every year.

Voluntary insurance

Insurance of property of individuals on a voluntary basis implies that a citizen decides to insure his valuables of his own free will. The contract indicates either a standard set of unpleasant events (fire, theft, flood, etc.), or those risks to which the property is subject at the discretion of the owner.

The cost of voluntary insurance is calculated individually for each client, depending on the type of property and its service life. It is important to remember that not all valuables can be considered as an object of insurance. This is due to the fact that if the property has value for the owner (for example, the thing is dear as a memory), then for the company it is just a piece of paper or a trinket. Each is strictly regulated by the rules of the individual, therefore, before choosing an insurer, you must carefully study the conditions of his work.

Compulsory insurance of property of individuals

The most common object of compulsory property insurance is the protection of vehicles in the event of an accident. It is mandatory for all citizens with a car, because the likelihood of an emergency is very high. Also, residential premises and houses of citizens subject to high risk are subject to compulsory insurance. For example, those buildings that are located in the seismic zone.

Property insurance for individuals is strictly regulated by law, and you can ask the company about those objects that must be insured.

How to insure property

Having decided what is required to protect against damage or loss, as well as from what, that is, having chosen insured events as a result of which property may suffer, you can safely go to your agent. First of all, you need to choose a reliable organization in order for it to insure the property of individuals. Rosgosstrakh is one of the largest and most reliable companies that help to secure the valuables of citizens.

When choosing, one should take into account her experience in this market, customer reviews, as well as tariffs and cost of services. Today you can find a description of any organization and find out its reputation.

After the insurer is determined, you need to go to him for. Before drawing up the contract, the insurance agent will assess the property and write in the policy those unpleasant situations from which, in fact, the owner protects himself.

How much does it cost to insure property of individuals

In addition to assessing valuables, you will need to pay tax on property insurance of individuals. The cost will be calculated individually for each client. However, there are certain prices and rates for car insurance that can be checked with a company representative. Only the OSAGO policy, which protects the civil liability of all drivers, has a tariff strictly regulated by the state. It is the same in all insurance companies, but the cost of insuring an apartment or other valuable property of the owner should be checked with an agent.

In any case, property insurance for individuals, the rates of which are calculated individually, will be able to protect the interests of clients in unforeseen situations, and will be much cheaper than, for example, buying new housing with your own funds. Companies take the appraisal of the object as a basis for calculating and multiply it by the tariff rate, which is from 0.2 to 3.1%. The higher the likelihood of an emergency, the higher the percentage will be. To simplify your calculations, you can use a special calculator for calculating the insurance amount, which can be found on the company's official website.

An independent expert should be called in before calling a company representative to assess the property and conclude a contract. He will be able to adequately assess valuable things without underestimating their value, as many insurance organizations do. Personal property insurance is a lucrative niche in this service market. That is why, wanting to earn even more, unscrupulous insurers are trying to deliberately underestimate the value of their clients' valuables. To avoid such unpleasant situations in the future, it is better to show the assessment form to independent experts and then conclude an agreement.