In the insurance market the tendency to increase in demand of insurance of country real estate is observed. It speaks about increase in number of owners of such property. Experts assert that demand for this type of service, in comparison with last year, has grown approximately for twenty percent.
Owners of real estate of America carefully approach to safety of structures and the property, as well as buyers of city apartments. Certainly, in insurance of country property there are features.
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The basic difference of insurance of city apartments – a simple estimation of the given real estate. And procedure of an estimation of country property is connected with gathering of a great number of documents and demands the account of features of the legislation. According to the legislation, the ground area and buildings on it are various objects, therefore certificates on property registration will be different and it is necessary to insure each object separately.
The following feature of insurance of country real estate — the raised probability of approach of insured event. House owners consider that at them much more the bases to insure the property, rather than at inhabitants of apartments. In their opinion, insurance of country real estate, perhaps, even is more necessary, than insurance of city apartment.
Country houses are subject большему to number of risks. It is connected with absence near to object of insurance of the developed infrastructure, for example, a fire brigade and police station. All these features of insurance influence cost formation. Therefore to insure a country house it is more difficult, and more often and more expensively, than apartment.
To insurance of country real estate of the company approach with special carefulness. Insurers wish to have as much as possible detailed description of real estate, and also district in which it is. Tariffs on such insurance pay off under more difficult scheme, than at insurance of apartments.
Allocate the general ценообразующие factors of insurance of country property: the size of the insurance sum, presence in the franchise contract, the chosen risks, a material of which the building, and also presence in the house of the alarm system and other protection frames is constructed.
Insurers also consider distance from the house to the nearest settlement, a reservoir, a fire brigade. Presence near habitation of the objects raising degree of risk, such as saunas, warehouse, and also similar objects indoors, for example presence of a fireplace, the furnace is taken into account. All these factors can seriously affect tariff size at insurance.
According to experts, risks of insurance depend and on a season. In the late autumn and in the winter when country houses and summer residences become uninhabited, danger of thefts increases, the risk of a high water or flooding, in the summer — a fire or act of nature in the spring is most probable. As a whole the statistics on country real estate looks as follows: on gulfs 50 % from all insured events, on illegal actions of the third parties — 29 %, on fires — 21 % are necessary.
As a rule, at the conclusion of the contract of the company offer the client some kinds of policies with various franchises which can reach 5 %. Experts consider that the optimum size of the franchise, — 0,5-1,5 %. To establish the big franchise, considering high cost of insured habitation, it is not meaningful. Otherwise the insurer should cover from own pocket not only small, but also serious enough losses.
The companies insuring the houses at a stage of building, offer special conditions of insurance. The different insurance companies offer different tariffs at the given kind of insurance. One experts of more attention turn that the under construction house is subject большему to number of risks, and the tariff should be raised, others assume that the ready house is more expensive under construction, therefore the tariff can be lowered.
The insurance companies apply the special approach in cases when it suggest to insure country houses in which long nobody lives, or the habitation is rented by the third parties. Such objects of the company carry to a category of high risk that is why apply special extra charges to the tariff. Attempt to insure the house exclusively for the period when house owners get over in the city apartments, most likely, will be doomed to a failure.
The most popular kinds of insurance of country houses are classical and title. Classical insurance is an insurance of country structures upon a fire, damage by water from heating, water, sewer systems, acts of nature, explosion, including explosion of household gas, vessels insurance upon theft, a robbery, robbery, hooliganism concerns. Experts assert that for country structures the greatest danger is represented by ill-intentioned actions of the third parties.
It is possible to insure property under the full program, bearing designs, furnish, the property which is in the house, and it is possible in parts, only furnish or only a civil liability. At the given kind of insurance there is a possibility of a choice of quantity of risks, either a full package or separate risks.
At the conclusion of the contract for both parties important correctly to define market cost of habitation. The expert-appraiser who defines two costs of the structure, valid and regenerative which parity defines its deterioration is engaged in it. Regenerative cost is cost of building completely similar object with the same characteristics, but taking into account its deterioration and an ekspluatatsionno-technical condition. More often at regenerative cost structures are estimated, after all in case of destruction of property the client cannot buy the same object – it should be built up.
The size of the insurance tariff at country house insurance depends on many factors: from type of the house, a residing mode in the house, surrounding conditions and house protection, from remoteness of a fire brigade and a fire reservoir, a method of definition of insurance payment with the account or without deterioration.
It is possible to insure not only structures, but also the ground areas, long-term green plantings, any landscape constructions and even the top layer of the earth – from washing away or destruction by fire.
Title insurance, insurance of the property rights, protects the new proprietor from possible claims of the former proprietors, whose rights could be broken at carrying out of transactions with object in the past. The given kind of insurance basically is connected with a mortgage loan as many banks demand to insure each transaction under the complex program, including a title.
Those who takes the credit for habitation or on the security of habitation, concern the majority of cases of insurance of a country house. On the second place — people who already faced damage of country property and know that, in order to avoid the further troubles, it is better to be insured. And, at last, on the third place — rich people who presume to buy to itself the house business of a class and understand that the insurance is a vital necessity.
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