Fire policy example
The different types of insurance contracts, in the absence of any applicable law, shall be governed by this Law, the provisions of which are mandatory, unless otherwise stipulated therein. Notwithstanding, the contractual clauses which are more beneficial to the insured shall be deemed valid.
The insurance contract and its modifications or additions must be formalized in writing. The insurer is obliged to deliver to the policyholder the policy or, at least, the provisional coverage document. In those types of insurance in which special provisions do not require the issuance of the policy, the insurer shall be obliged to deliver the document established therein.
The policyholder may take out the insurance on his own account or on behalf of others. In case of doubt it will be presumed that the policyholder has contracted on his own account. The third party insured may be a determined or determinable person by the procedure agreed upon by the parties.
If the policyholder and the insured are different persons, the obligations and duties deriving from the contract correspond to the policyholder, except those which by their nature must be fulfilled by the insured. However, the insurer may not refuse the performance by the insured of the obligations and duties corresponding to the policyholder.
Building fire coverage
– The insurance company shall not be obliged to repair the effects of the loss when it is caused by: gross negligence of the insured person, the policyholder or the persons who depend on them or live with them; when the insured object is stolen outside the place described in the policy or on the occasion of its transportation, unless one or the other circumstances have been expressly consented to by the insurance company; when the theft takes place on the occasion of losses arising from extraordinary risks.
– This type of policy covers, on the one hand, the building (covering the property itself) and, on the other hand, the contents (covering all the furniture and goods inside the dwelling).
– Excluded from the coverage of the legal defense insurance are the payment of fines and the indemnification of any expenses arising from sanctions imposed by administrative or judicial authorities.
Does having the house insured against fire mean that the insurance will pay regardless of the reason that caused the fire? Does the insurance only pay for the expenses of the house or does it cover other aspects? In this article we will tell you everything you need to know about home fire insurance coverage.
As an introduction to the first question I will tell you that having your house insured against fire does not mean that the insurance will be in charge of compensating you if your house burns down regardless of the reason. Regarding the second question I recommend you to check the coverages, because when there is a fire in a house you are going to incur a lot of expenses, and some insurances offer very interesting additional coverages.
On the other hand, putting out the fire has a cost, as well as staying away from home or moving furniture and belongings when the state of the house requires it, or painting the walls darkened by the smoke in the rooms that have not been affected by the fire, among other inconveniences.
Insurance usually covers the fixed elements that are part of an electrical installation, such as wiring, sockets and switches installed. Of course, this incident cannot end up causing a fire, since for these cases there are specific fire coverages.
But the best way to avoid the complications of one or the other coverage is to avoid all types of electrical breakdowns. Is it possible to achieve this? Of course it is perfectly possible to try to do so by means of an adequate maintenance of your installation.