What is PNO building insurance?
Buying an apartment can be done with a view to making a good return. Under these conditions, whoever owns the property must question the insurance of this house. In addition to the renter's insurance, his own PNO insurance can also intervene at the same time.
What is real property owner non-occupant insurance?
PNO insurance is taken out by the owner of an apartment who rents his property.
In most cases, it meets several objectives. Either, it insures the claims that the tenant's insurance does not cover, or to compensate for the insufficient guarantees of the insurance of the one who rented the property if he really lives in it.
In the latter case, the tenant will be forced to pay part of the sum related to the loss. On the other hand, in the first case, if there is a loss and the apartment is empty (no tenant), the lack of PNO insurance will oblige the owner to pay the costs related to the loss in full.
So, choosing building pno insurance means being covered against fires, water damage, explosions and more.
The person responsible during a disaster
When your home is not insured by comprehensive tenant insurance, it is important to know who is responsible in the event of a claim. There are several possibilities.
For example, if the loss comes from both parts of the building, the inter-game condominium insurance.
On the other hand, if it comes from the third party and affects your home, the neighbor's insurance covers the damage.
But if it is your unoccupied home that the loss comes from, then your insurance taken out as the owner will take care of the damage caused. If you are not insured, you will pay the costs of the claim out of pocket.
Is building pno insurance compulsory?
A landlord can decide whether or not to take out pno building insurance.
He is free to trust his tenant to be insured by comprehensive insurance in the event of damage.
Also, condominium insurance also plays the role that pno building insurance can play.
However, the ALUR law of March 24, 2014 strongly recommends taking out this insurance. This offers the possibility to any owner who wishes to rent his property, to subscribe to a comprehensive risk in the name of his owners.
The reasons for taking out building PNO insurance
It is not compulsory to take out building pno insurance. However, it is strongly recommended that you purchase one.
Because trusting pno insurance means having the guarantee of being covered in the event of any damage caused by the installations when the person who rented the apartment is on rental vacation.
The owner will then benefit from the same coverage as that of the comprehensive home insurance.
Several offers
Today, there are several structures that are specialized in this area. So there are several offers, so it's not easy to navigate.
To avoid making the wrong choice of a building pno insurance structure, it is important to take into account a few things to make a difference.
The criteria for choosing a building pno insurance
As in most cases, the extent of insurance coverage depends on the chosen contract.
So, to get the most interesting finance deal possible, don't hesitate to compare insurance companies. For this, you can go to comparator sites on the internet to choose the best offer as for home insurance under construction.
Also, you have the possibility to request for example several quotes before choosing the company which meets your needs.
A good PNO insurance provides guarantees against loss of rent and covers risks not covered by other insurances. The effects of climatic events, damage due to a break-in, damage caused by an installation, etc.
The cost of a building pno insurance
The cost of building pno insurance varies between 60 and 150 euros each year.
There are structures that charge up to 2% of the annual rent for basic guarantees, which can go up to more than 3% of the rents for extended guarantees.
It is therefore necessary to request several quotes in order to benefit from the best rate.
Why the variation in the cost of building pno insurance
The price variation is explained by the guarantee limits imposed, the surface of the house, the amount of deductibles ...
As with any other contract, you must carefully read the conditions for implementing the pno insurer before signing.
Because several structures provide for the termination of insurance beyond several months of vacation of the property.
In short, we
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