What does the insurance cover in the rehabilitation of housing?
The rehabilitation of housing has become a very recurrent option. According to the reports, 41% of people who made home renovations in 2015 did so as an alternative to buying a new home. And, for them, having the perfect house was no longer a priority, and yes it was staying in the same area of the city.
The housing bubble has also had much to do with this change of approach. Grants from public entities have also been aimed at rehabilitation , rather than the new housing promotion. It has its logic, taking into account the number of them that remained half finished in the middle of the crisis.
Time to reform, what does the insurance cover?
Insurance is usually covered for damage that can lead to the normal use of a home . We speak, essentially, of electrical, pipe or aesthetic damages, replacement of keys, locks or objects produced to a casualty (such as a robbery), a traffic jam or an atmospheric phenomenon. This is complemented by legal defense.
Some works are not usually considered within the daily use, reason why the companies can put problems in the time to cover them . And the problem of not having insurance will come if, in the course of the work, a worker, a neighbor or any other person in contact with it suffers some damage. The owner of the house as promoter (who finances the work) will be responsible.
Thus, in order to repair cracks in walls , complete renovations of facades, bathrooms, kitchens or other drafts, it is advisable to obtain insurance for renovations . These are policies whose amount goes according to the budget of the work, and which covers liability if someone files a claim. Including, of course, possible compensation.
The most common changes
According to the aforementioned study, referring to 2015, almost half of its registered individuals had renovated their house, which indicates a lot of activity. The highest priority is given to bathrooms and kitchen, with projects that, in most cases, aim to update the design and style , even above other problems.