These types of insurance provide protection to both the borrower and the financing organization. They also guarantee the coverage of all or part of the repayment deadlines or the outstanding capital of a loan in the event of the occurrence of certain events.
The basic home insurance contract offers coverage against at least rental risks, in addition to basic guarantees (fire, water damage, theft). However, comprehensive home insurance goes further, for example by offering you a private life civil liability guarantee which covers any damage caused by you or one of the occupants of the accommodation to a third party. Personal property protection can also be purchased.