Multi-Risk Home Insurance for LLCs
The Multi-risk Home Insurance covers damages to the real estate property of the Real Estate Investment Company (SCI). This insurance contract covers homes owned entirely by the SCI, whether owner-occupied or non-owner-occupied.
ADVANTAGES
- Tailor-made coverage, "à la carte" options for a level of protection that matches the specific features of your SCI.
- Coverage against all major risks: fire, water damage, theft, vandalism, glass breakage, weather events... whether your property is occupied or unoccupied.
- The real estate and movable properties are compensated in case of damage within the limits of the amounts provided in the summary table of guarantees.
FEATURES
Contract duration.
The Home Multi-risk contract is an annual contract with a "fixed term"It takes effect from the date of subscription. The effectiveness of the contract is subject to the payment of the premium by the subscriber.
Risk declaration
The contract is based on the declarations of the subscriber and the premium is calculated accordingly. The Insured must answer accurately the questions asked by the insurer, especially in the risk declaration form by which the insurer questions him at the conclusion of the contract, about the circumstances that are likely to make him appreciate the risks that he is taking on.
During the contract, the subscriber must declare all new circumstances that have the effect of either aggravating the risks or creating new ones and thus render inaccurate or obsolete the answers you gave us in the form. This declaration must be made by registered letter or countersigned within 15 days from the moment when the insurer became aware of these new circumstances.
Calculation and payment of the premium
There are mandatory guarantees and optional or complementary guarantees. The amount of the premium depends, among other things, on the coverage chosen by the subscriber. The VAT-inclusive premium (net premium + ancillary costs + current taxes) is deducted at the time of the real estate loan on the account of the real estate financing beneficiary.
Declaration and settlement of claims
In the event of a claim, the subscriber must:
- Use all means in your power to stop the effects or limit the importance of the claim, save the insured property and then ensure its conservation,
- Inform the insurance company, no later than 5 working days from the claim, in writing, preferably by registered letter - or verbally against acknowledgment of receipt. In the event of theft, this period is set at 48 hours.
- If it is a theft, notify the local police within 48 hours from the moment you became aware of it and file a complaint or Public Prosecutor if we demand it,
- Indicate in the claim declaration or, if impossible, in a subsequent declaration made as soon as possible: the date and circumstances of the claim, its known or presumed causes, the nature and approximate amount of the damages, the names and addresses of the authors (if known), the injured parties and, if possible, the witnesses, the coverage taken out for the same risks with other Insurers,
- Provide a signed statement of losses (by the subscriber) and all documents to justify the reality and importance of the damages,
- Forward as soon as possible any notices, letters, summonses, acts served out of court and procedural documents that are sent or notified to you,
The guarantees
This contract aims to grant sets of guarantees chosen by the subscriber according to whether he is:
- Owner-occupier of the insured buildings;
- Non-occupying owner of a rented building, or a second home;
The guarantees defined below are exercised within the limits of the amounts provided in the Summary Table of Guarantees which will be made available to the client.
| DESIGNATION OF GUARANTEES | OWNER OCCUPANT | NON-OCCUPYING OWNER |
|---|---|---|
| Article 1: FIRE and RELATED RISKS | ||
| Building, fittings (current value) | ✔ | ✔ |
| Additional rental risks | EXCLUDED | EXCLUDED |
| Furniture, objects, and personal effects | ✔ | EXCLUDED |
| Fixed indirect losses of 10% | ✔ | ✔ |
| Loss of rents | EXCLUDED | ✔ |
| Loss of use | ✔ | EXCLUDED |
| Loss of enjoyment | EXCLUDED | EXCLUDED |
| RC (civil liability) for loss of rent | EXCLUDED | EXCLUDED |
| Recourse of neighbors and third parties/tenants | ✔ | ✔ |
| Clearance and demolition costs | ✔ | ✔ |
| Displacement and replacement costs | ✔ | ✔ |
| Decorators' fees, study offices | ✔ | ✔ |
| Expert fees | ✔ | ✔ |
| All explosions, lightning, Impact of an identified land vehicle, smoke, impact or fall of aerial navigation devices | ✔ | ✔ |
| Article 2: STORMS-HURRICANES-CYCLONES | ✔ | ✔ |
| Article 3: DAMAGES TO ELECTRICAL AND ELECTRONIC APPLIANCES (1st absolute risk) | ✔ | EXCLUDED |
| Transport and installation costs | ||
| Article 4: GLASS BREAKAGE (1st absolute risk) | ✔ | ✔ |
| Direct damages | ||
| Additional costs, temporary fencing | ||
| Installation and transport costs | ||
| Article 5: WATER DAMAGE | ✔ | ✔ |
| Direct damages | ||
| Additional costs for research and leaks | ||
| Article 6: THEFT (1st absolute risk) | ||
| Furniture, personal effects | ✔ | EXCLUDED |
| Including valuables/precious items | ||
| Mobility and real estate damage | ✔ | EXCLUDED |
| Article 7: ALL COMPUTER RISKS | ✔ | EXCLUDED |
| Direct material damages (1st absolute risk) | ||
| Article 8: TRAVEL-VACATIONS / REMOVALS | ✔ | EXCLUDED |
| Article 9: CIVIL LIABILITY (limitation of guarantee per claim and year) | ||
| Article 9.A: PRIVATE LIFE LIABILITY | ✔ | EXCLUDED |
| Bodily injuries | ||
| including: | ||
| Food poisoning | ✔ | EXCLUDED |
| Consecutive material and immaterial damages | ||
| Article 9.B: PROPERTY OWNER'S LIABILITY | ✔ | ✔ |
| Bodily injuries | ||
| Consecutive material and immaterial damages | ||
| Article 9.C: Defense and Claims | ✔ | ✔ |