How to get an insurance payout?
If you have an accident, you need to do the following:
Report everything to the insurance company as soon as possible. Usually there is a deadline in the contract within which you have to do this. Sometimes it’s three days, sometimes 24 hours. If you are late, you may not get the money.
Contact a service that will record what happened. This can be the police, the Emergencies Ministry, the management company. They require a document confirming what happened, such as a certificate of fire, a resolution on the initiation of criminal proceedings in the case of robbery, and so on.
Submit the necessary documents to the insurance company. As a rule, this is a valid insurance policy, receipts of payment of insurance premiums and papers confirming that an insured event has occurred.
Wait for the insurer’s decision. The company will call an appraiser, make a decision and, if it is positive, fully or partially reimburse the damage.
How does home insurance work?
This type of insurance comes in handy when you own property and want to protect yourself in case something happens to your home.
Fire, gas explosion, burglary, natural disaster, neighbors forgetting to turn off the faucet in the bathroom – in all these situations you risk serious losses and even losing your house or apartment altogether. Insurance can help compensate you for some or all of your losses.
To do this, you sign a contract with an insurance company that will spell out
what you are insuring;
which events are considered insured;
how much you want to insure your home.
Then you pay the premiums regularly. If an insured event still occurs, the company will evaluate the damage and pay you the amount specified in the contract. In other words, everything works just like with any other insurance.
What you can insure in an apartment or house?
Everything from the whole house to the interior decoration, furniture and other furnishings. Usually, insurance companies offer the following variants of objects of insurance:
Structural elements – floors and ceilings, walls and partitions, balconies and loggias;
Engineering equipment – pipes, meters, wiring and other communications;
Interior finish – floor and ceiling, wallpaper, paint or decorative plaster, windows, doors and any parts of decoration;
Movable property – appliances, furniture, valuable personal belongings;
Right to property – this type of insurance is called title insurance and helps reduce losses if you encounter fraudsters when buying a home.
It’s important to remember that home insurance does not cover all personal belongings. Don’t expect to be compensated for all of your clothes, jewelry, children’s toys, and grandma’s 12-piece set. You may be able to insure some of your cherished possessions, but that will depend on the insurance company.