Features of real estate insurance in the Russian Federation, USA and Europe
Real estate insurance in the Russian Federation is not particularly popular. And when disasters arise, such as a flood in the Primorsky Territory, all hope is only for the state. And the authorities are far from always ready to pay damage from the budget.
If you look at the statistics of the USA and Europe, you can see that more than 90% of housing is voluntarily insured there. But there the population is stimulated by the state. People buy most of the real estate using mortgage lending, which implies compulsory insurance for the entire term of payment. And after the payment of the mortgage, the majority does not stop insuring property acquired with great difficulty, so as not to risk it. If the property is rented out , it must also be insured.[advert]
In addition, Americans are constantly striving to improve their living conditions, viewing this as an additional accumulation for old age. Having retired, they sell an expensive apartment and, having acquired something simpler, they live on the money earned. At the same time, it goes without saying that a guarantee of safe old age should be insured.
In Russia , home insurance is voluntary, and no more than 10% of the living space is insured. This is due to the fact that mortgage lending is not well developed, natural disasters, fortunately, happen infrequently and trust in insurers is not at the highest level.
Experts believe that the state should take part in attracting citizens to the insurance system. It should provide the most significant assistance to those who take care of their property themselves. In this case, the state will add more to insurance payments in case of emergency, than to the rest.
The insurance program should be in the hands of the constituent entities of the Russian Federation, since the cost of housing in the regions is different, and the risks of insured events, too. But, at the same time, the basis of the insurance policy should be unified in order to prevent local abuses.
However, you can insure your property now. You must contact the office of the national company “Insurance House VSK”. First you need to clearly determine for yourself what risks you need to insure against. You can insure any buildings in whole or in part. And it is equally important to inquire in advance about the reliability of the insurer.