Lubavitch Real Estate Blog

Home insurance, both the multi-risk or total risk coverage that has many foresee any circumstances to settle a claim.

The risks can be covered by such policies can become many, depends on each insurance company and can offer different packages.

The most common incidents included in this type of policy are: fire, water damage and repair search, death and disability, smoke damage, civil liability to a third party electrical hazards, fire suppression, wind, hail, and snow; explosion; bail, sound waves, lightning strike, uninhabitable housing, replacement of public records, theft, plunder, theft, robbery, loss of rent, replacement of personal documents evidencing, vandalism, debris removal costs, cosmetic damage; breakage of windows, mirrors and glass, fire, broken sanitary ware, and finally, replacement of locks.

What are the coverage for property damage?

Multi-risk insurance will cover all basic risks such as:

- Fire, explosion or implosion.
- Smoke in a sudden and accidental and whether it comes from abroad.
- Direct hit by lightning or electrical currents induced by lightning.
- Atmospheric phenomena: wind and impacts driven by the same objects.
- Rain, hail or sleet or snow, with rain more than 40 liters per square meter, wind speeds above 90 mph and there is no margin of intensity for the other three events. Must demonstrate these values ​​by going to the National Meteorological Institute and request a certificate.
- To repair or compensation for damage to insured property due to water leakage or seal failure or misalignment of taps and valves.
- Includes costs to locate and fix the leak that caused the damage.
- Collision or impact of land vehicles or aircraft, including the shock waves.
- Vandalism, made with malicious spirit by third parties, including damage caused by tenants, breaks windows, mirrors and moon or assets of the terraces, porch, parking, etc.
- The coverage of breaking cover damage due to breakage of glass, mirrors, mirrors and windows of the insured property. Includes sinks and sanitary equipment

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