There is more and more motor transport, there are quite a lot of insured accidents, insurance programs have being improved, and consequently many car owners can say with certainty that it is necessary to have an insurance policy nowadays. So it turns out that life itself prepares us, and the current situation leads to making a conclusion in favor of getting an insurance policy.
Almost the same situation has been formed now on the property market. Apartments and houses initially have high cost. Then, a property owner invests a lot of money into decoration, furniture, modern equipment, and a long-awaited using loved and desirable square meters begins. At this stage a question rises, ‘How can you protect what you earned?’
Now many insurance companies set the task to develop property insurance market, which will lead and has already been leading to improving insurance programs taking into account customers’ needs. At this precise moment there exist programs according to which you can insure only decoration, personal chattels, responsibility before neighbors, and also arrange a short-term insurance policy, for instance, for the vacation period.
There have been offered of your own choice the set of risks which the property will be insured against (fire, flood, explosion, unlawful acts of the third persons, etc.).
Depending on the type of property, kind of decoration, what is there inside the premises and so on, an insurance company can offer different kinds of insurance.
The most popular programs are:
- classical property insurance (insurance with examination of the premises and estimation of property);
- and express-insurance.
When you choose express-insurance, you are offered fixed insurance amounts at every insurance object (apartment or house construction, inner decoration, chattels). There is fixed tariff and, consequently, payment. This kind of insurance is made without examination of the property, it’s quick to arrange, convenient for owners of low-cost and inexpensively decorated property. Insurance company is responsible within the given amounts (from 30 000 hryvnyas to 500 000 hryvnyas, in rare cases up to 1 million hryvnyas), which are lower than real cost of claimed objects. Tariffs at express-insurance are a little higher than at classical insurance, and are approximately 0.3-0.7%, but as insurance amounts are not big, the payment will not hit you in your pocket. But there are disadvantages too.
- There is no possibility to insure only insurance objects interesting for you. The pack includes a complex set of objects, and the lion’s share of insurance amount falls onto apartment construction insurance;
- They do not cover high risks.
If an estate owner wants to insure property at full scale, classical insurance will be more convenient for them, where the company provides examination of the property, making of a detailed inventory of insured property pointing out the cost. Such a policy will cost an owner 0.2-0.4% of an insurance amount annually. And purchasing such insurance might appear more profitable if you insure, for example, only decoration or personal chattels.
A logical conclusion comes – may be, it is worth spending some more money (around 0.2-0.7% of a claimed property cost annually) on purchasing a policy, and not being afraid that somebody will flood all this beauty with water, and it will be difficult to get compensation from that ‘somebody’. And vice versa, if you flood somebody, having civil liability policy before the third persons, this ‘somebody’ will get compensation from insurance company. In one word, it is up to you to decide!
