What is non-occupant homeowner insurance?
A habitat where no one lives can become a disillusionment for a landlord in the event of a disaster. But to his delight, there is an insurance called non-occupant homeowners insurance.
If you have never heard of it then you are given the opportunity through this article.
What is PNO insurance used for?
The purpose of non-occupant homeowner insurance is to cover accommodation that you own, but in which you do not live or have rented or not.
As the owner, you are protected in the event of a disaster such as fire, flood, etc.
It is insurance that allows you to fill a legal void when you are a homeowner. Indeed, a home can find itself empty and therefore exposed to several disasters such as power outages, floods, etc.
Non-occupant homeowner insurance is used to insure a landlord regardless of the case or sometimes to seize the relay of an imperfect guarantee on the tenant side. But be careful not to confuse PNO and HRM insurance.
What is the difference between MRH and PNO
Note that comprehensive Home insurance takes into account the main home whether you are a lessor or a tenant. As with official loan insurance, the mechanics are the same.
Regarding PNO (Non-Occupying Owner) insurance, it takes into account a home that the lessor is renting out.
Who should take out PNO insurance?
As the insurance states, the POL is intended only for owners or lessors. But you have to be careful not to confuse the second home guarantee.
Non-occupant homeowner insurance also guarantees a property the purpose of which is to rent out and which will then be guaranteed by the tenant's home guarantee.
When using PNO insurance
Homeowner insurance is of great importance and can be useful in many cases. First when the accommodation is empty.
For example, when the owner moves and decides to terminate his HRM insurance contract and no other insurance covers the accommodation.
Second, this is the case where the tenant is uninsured and does not meet his insurance commitments or is in default with respect to his monthly pay.
Also, if its coverage is not satisfactory. Finally, you can use this PNO insurance in the event that the lessee's liability is not taken into account.
To better understand, when a pipe bursts with frost, you are the responsible as the owner. If there is a construction problem, the responsibility rests with the condominium.
In either case, it's best to cover yourself.
What are the guarantees of PNO insurance?
Homeowner insurance is very similar to HRM insurance. It offers guarantees such as civil liability.
This liability is useful when a hazard occurs in an unoccupied home and other homes are destroyed.
It insures in the event of fire, storm or climatic event, in the event of water damage, burglary or destruction.
Normally, real estate like furniture is not part of the guarantees in a PNO insurance. However, with your insurer you can find common ground. Also consider shared rental home insurance, as guarantees apply.
Specific guarantees of PNO insurance
With PNO insurance, some guarantees are very specific and are mostly practical. These specific guarantees are, among other things, construction imperfection.
This is about the defects that have a negative effect on the quality of construction and that can make your home uninhabitable. Another guarantee is the enjoyment disorder.
Here, it is the case where the tenant uses the accommodation for facts not stipulated in the rental agreement. Finally, there is the recourse of tenants.
Cases where the PNO insurance does not work
PNO insurance has its limits. Indeed, in the event that the claim comes from outside, the insurance cannot be requested.
Is PNO insurance mandatory?
Are you wondering if insurance is compulsory? Well, there are two cases that we are going to expand on.
The accommodation is in co-ownership
PNO insurance is inevitable in order to deal with the threats of civil liability. It has been compulsory since the adoption of the Alur Law.
This law stipulates that: "Each co-owner is required to insure himself against the risks of civil liability for which he must respond in his capacity either as an occupying co-owner or a non-occupying co-owner ..." Article 9-1 of the Alur Law, 24 March 2014.
The accommodation is not in co-ownership
In this case, we can avoid
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