House Insurance ItalyHouse Insurance Italy House Insurance in Italy is not obligatory unless you have a mortgage in which case the lender will require you to have insuance for the property. In terms of insuring a house and getting a bond it is often easier to do this in your home country if the property is to be used as a holiday home. One of the better insurance companies to do this with for UK residents is Baydonhill but there are a number of other reputable insurance firms offering both house insurance and mortgages. The advantages of insuring in this way are numerous but two of the most important are: 1) House Insurance claims are often settled quicker through UK, Northern European and US insurance companies. 2) It is a lot simpler to have insurance policies in your own language and the handling of claims is invariably easier. It is important to note that you should use one insurance company for both household content insurance and building/house insurance in order to avoid conflicts between the insurance companies in the case of a claim. Building insurance is the most important – try to make sure that storm damage and natural disasters are covered and that the amount insured for covers the rebuilding cost. Earthquakes will always be excluded from insurance policies as they are covered by the Italian government. If you own an apartment then building insurance is included in your service fee but third party insurance is advisable Contents Insurance is always a good idea but not essential and the insurance company will insist on many conditions like burglar bars etc being met. Valuables are virtually never covered and so many conditions and exclusions exist that I have never bothered to cover our valuables. So many Italian insurance companies have house insurance policies that try to find loopholes to get out of paying no matter what. The result is that, even if you pay a slightly higher premium to a company in your own country, it is likely to be a better option. It is also not a forgone conclusion that premiums will be higher in your own country for house insurance. Italy has very high insurance premiums generally and insurance companies like Baydonhill and a few others in the UK often have lower insurance premiums than available in Italy and offer far better service. These companies are specialized in holiday homes insurance. Italian household insurance companies often seem reluctant to pay out on claims involving holiday homes.
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