According to the AMF (Autorité des marchés financiers), you should first determine how much protection you require before deciding on the appropriate quantity of home insurance coverage. Make a list of everything you own and the worth of each item.
Take your time with the exercise; we all have a tendency to undervalue our possessions. Then you’ll need to know the property’s rebuilding value, which may differ from its market value.
In that situation, regardless of the state of the real estate market, you’ll know you have adequate coverage to rebuild your home. If you need assistance, don’t hesitate to contact an insurance professional.
After you’ve determined your requirements, go over each clause in the proposed policy with them in mind. Given your collection of high-end bikes, do you need to re-evaluate your insurance’s limitations? Is your hot water tank truly less than 10 years old, as needed by your insurer to cover the danger of basement water damage? Did you overlook to account for your dog’s breed or the number of travels you make each year when calculating your civil liability coverage needs? If you want to be truly safeguarded from bad surprises, you must examine everything.