How insurance for fire works

Fire insurance was the beginning of home insurance that we know today. Basically it works like the latter, although it only covers the damages caused by a possible fire. If you do not want to hire a home insurance that covers everything and, above all, you do not want to pay too much, this type of policy is appropriate. In .com we explain all the details about how fire insurance works .

Is it mandatory when hiring a mortgage?

Normally, when hiring a mortgage, the bank can demand the hiring of a damage insurance policy. If you do not want to hire a home insurance, you can choose one for fires. In this case the bank would be the beneficiary because that is how the borrowed capital is secured. In addition, many entities offer the possibility of contracting it along with the mortgage, with favorable conditions.

Minimum coverages

Usually, these policies cover 100% of the damages caused by possible fires, although some companies impose limitations and only cover part of the damages in exchange for a more affordable premium.

How to claim a fire insurance?

If the insurer makes a decision about the coverage of the damages or the payment of the premiums that is not accepted by the client, there are two procedures to be able to claim. The first of these consists of directly claiming the company, contacting it and informing of the disagreement. At that time, the possibility of speaking with the customer or defender of the insured will be made available. The resolution of the claim must be obtained at most after 2 months from your request. If this first procedure does not work, another option is to complain to the General Directorate of Insurance and Pension Funds . This is an organization that depends on the state and that aims to control insurance and private insurers. In order to formalize the complaint, it can be done through its website.

What insurance against fire hire?

There is a long list of insurers that provide fire coverage but it is best to use an online insurance comparator to find the best fire insurance at all times.