To legally validate your lease
First, you should know that home insurance is mandatory in certain situations. For example, as a tenant, you must prove that you have taken out home insurance within one month of signing your lease. Some owners even require that this certificate be included in the file even before the signature. Otherwise, you risk being evicted by the landlord. This same insurance is also mandatory if you rent a furnished home or if you are a co-owner.
When you own a rental property, you do not have to take out home insurance, but it is up to you to ensure that the tenant is in good standing at this level. You should not be negligent with regard to this aspect, at the risk of losing the entire value of your property in the event of a claim that no one could reimburse.
To avoid the risk of fire
The fire can be fatal when it spreads quickly in a house. Finding its origin in a bad human handling of the fire (poorly maintained chimney or badly extinguished cigarette, for example), in a malfunction of the electrical network or the heating, the fire can cause great devastation in a dwelling but also in that of the neighbours. . The damage caused cannot generally be borne by a single person because of the budget that this represents. It is therefore very advisable to take out fire insurance to prevent this type of disaster.
To prevent water damage
Water damage is the most common disaster in homes. After a careless mistake caused by a badly closed tap, water can spread on the floor and cause a lot of damage. In most cases, it is rather a problem of obsolescence of the network used: joint which is no longer tight, grease plug, piping which gives way… Although the fault cannot necessarily be imputed to you, you must still be insured to be able to be helped in the work necessary for the rehabilitation of the accommodation.
Similarly, home insurance will cover you if your water damage affects a neighbour. In an apartment building, it is common for a leak located on an upper floor to have repercussions on the units located below. The work to be undertaken is then very expensive to rehabilitate all the homes affected, it is better not to have to bear this cost without the help of insurance.
This water damage can also be the result of aggressive climatic phenomena. Indeed, a flood or torrential rains can undermine the waterproofing of your home and cause a significant influx of water. Reclassified as a natural disaster, the loss is then covered by home insurance.
To have civil liability
Civil liability (also written RC) is an obligation to repair damage caused to others. This RC will protect you if you involuntarily harm a third person physically or materially (fall from a wall, ball thrown in a face, water damage, fire, etc.). Without RC, you expose yourself to great risks in the event of an unexpected problem. So make sure that your name and those of all the members of the household you live in appear on the home insurance contract so that everyone benefits from the same guarantees.
For theft and/or glass breakage
Glass breakage is one of the most common damages in a home after water damage. A broken window is very annoying when it occurs for several reasons: in winter, your quality of life can be altered because a broken window allows the cold to pass through. Also, your home will become more vulnerable in the event of an open window and you will be more exposed to theft. It is therefore recommended to be covered.
This broken glass can be linked to a burglary and break-in is covered by your home insurance. Remember, however, to check what the warranty conditions are for reimbursement of items. It would be a shame to have taken out home insurance and then not be able to get reimbursed because you did not read your contract carefully.