Ensure our property is very important to preserve our heritage. However, hiring and paying insurance, not always guarantee that we will recover the value of our property in case any misfortune happen. Sometimes the property is not valued properly, for example because they have not considered the arrangements made or remodeling.
It is important to note that the insurer shall determine the amount of compensation according to the value at which property is valued. This way, if you pay a smaller share in their insurance should not be content without first finding out if the amount you are paying is in line with the value of your home. Otherwise, such insurance to be worth little, since in case of an accident will receive an amount significantly below the corresponding reality.
The main reasons for this problem to occur and to which special attention if they do not want your property is undervalued, are:
* A poor valuation from the beginning: sometimes the insurance companies make mistakes or omissions in the initial valuation of the property, although she has participated in a vocational school. For example, if the grade of the site where the housing or the quality of construction are not properly scheduled, the property resulted in a significantly lower value. To avoid this problem, it is ideal for advice that as owner of two at least, not to be a single assessment.
* Improvements without notice: Another drawback may be that improvements have been made or arrangements in the house or building, thus causing the property value increases, and that you as the owner has not complied with the reporting requirement. If the owner does not communicate the changes to the insurance on your property, it will not make adjustments in the valuation.
* Benefits provided by the insurer is very important, on the other hand, choosing an insurance company that guarantees real conditions as beneficial owner. For example, it is key that the insurer is governed by the Index of Construction Costs and the current values to make it at the time an accident happens in your house.
* The contents of the property while the property is a continent of the physical structure that it and all the elements incorporated in fix it, the contents are all the objects found within the property such as furniture, paintings and art objects, for example. This content must also be properly inventoried and valued, to be taken as part of the total value of the property, except for items that exceed a certain value and require private insurance.
