Home is probably our most valued asset and that’s why it needs the best insurance coverage at a reasonable price. Insurance can help you stay calm knowing that in any case, the damage that will occur to your home will be repaired.
For the complete protection of your main or holiday home, we propose modern plans, designed to predict the damages that may arise from a number of risks.
The insured values for the structure and the content of a house must be carefully determined in order to avoid the risk of underinsurance which results in the partial compensation of the damages that may occur.
The cost of reconstruction must be insured at current prices (companies compile relevant price lists every year) – and not at the objective or commercial value of the building.
As far as the contents are concerned, most companies compensate for damaged items at replacement values with similar new ones, although for some higher value items a specific compensation value may be agreed. It is important that the insured values are reviewed on an annual basis.
An important decision for home insurance concerns the optional coverage of earthquake, which even though increases the cost – especially in our country – is a necessity.
Some of the risks that can be insured are:
- Fire, emission and smoke damage.
- Consequent fire damage.
- Lightning strike.
- Earthquake.
- Electrical short circuit.
- Flood, storm, frost.
- Leaking pipes.
- Breaking of crystals and mirrors.
- Theft and thief damage to the structure & content.
- Terrorist and malicious actions, strikes, political riots.
- Coverage of moving expenses.
- Financial aid.
- Rent loss coverage.
- Engineer and architect fees.
