spacer home your portugal information source to real estate and living in portugal
spacer spacer spacer



01 Home : Home
03 Property Management Contract : Home
12 Short term Rentals : Home
16 Translations : Other services
15 Tax Returns : Home
02 About Us : Home
04 Garden Maintanence : Home
05 Swimming pool maintanence : Home
28 Long term rentals : Home
14 Taxation on Rental Income : Home
06 Electricity : Home
07 Water : Home
08 Gas : Home
09 Telephone : Home
13 Renting a car : Home
10 Multi Risk House Insurance : Home
18 Insurance staff : Home
19 Social Security staff : Home
11 Rates : Home
17 Alarm system - House protection : Home
20 Repair and Maintenance : Home
21 Borehole or Well : Home
33 Water softenors and other : Home
22 Purification system : Home
23 Central Heating : Home
24 AirCo : Home
25 Log fire or woodburning stove : Home
29 Internet & Broadband : Home
26 Satelite reception : Home
27 Cable television : Home
30 Own car : Home
31 Cleaning lady or company : Home
32 Logs : Home
34 Property Management & Administration : Home
35 Tax on Rental Income : Taxes
36 The whole picture about rentals : Home
37 License for Rentals : Home
40-E Condominium rules : Condominium
39 Medical Insurances : Insurances
39 School system in Portugal : Education
40 Car Insurance : Insurances
41 Travel Insurance : Insurances
38-E Administration & Management Fees : Management Services
52-E ECOVIA - Cycling track - : Leisure - Activities

51 Over ons : Over ons

spacer spacer spacer

email article print article10 Multi Risk House Insurance


The most valuable asset of many members is their house, and its contents. It is therefore false economy not to insure them or to insure them for an amount below their true worth.

Natural disasters such as earthquakes are not unknown in Portugal and failure to insure the building itself adequately could have disastrous consequences.

Again, although loss through fire is not a common occurrence, robberies from houses even when occupied, have increased in frequency and adequate cover for content loss is also highly desirable.

The major problem, which arises when a claim for loss is made under an insurance policy, is the value, which has been placed on both the building itself and the contents. All insurance companies take an averaging approach when assessing claims and will only pay out a proposition of the real value of any item if the declared value is less than the Market or New Value.  The temptation in reduce the size of the cover and so the annual premium, must therefore be resisted if problems are to be avoided.

The best household cover provided in Portugal is the HABITAT+ policy issued by Victoria Seguros to AFPOP members. Not only are the rates highly competitive but the policy terms and conditions are considerably more extensive than available elsewhere or to non-members.



The cover offered by Victoria Seguros to AFPOP members includes all the standard risks such as damage due to fire, lighting, storm, flood and earthquake but a number of other events as well. Full details are set out in the HABITAT+ booklet produced by Victoria Seguros in both Portuguese and English. Copies are available from the Association's brokers, Medal Lda.

When settling a claim, all insurance companies apply a


Date Inserted: 23 June 2007
Last Updated: 23 August 2011
Have questions or comments on this article? email me


email article print article

spacer spacer
spacer spacer
| Car Rental | Info Topics | Property Management | Property Rentals | Real Estate | Real Estate 2 | Real Estate Activities | Web Design |
Copyright 2002-2017 Ricola Algarvia Ldª. All rights reserved. Legal Notices | Privacy Policy
Protected by the copyright laws of the EU and by international treaties.