It is one of the most common requirements to sign a lease in Argentina. We help you understand why it is required, what you need to cover and how to solve it online in minutes.
When you sign a lease, the property you are going to live in is not yours. Fire insurance protects that property and the neighbors against one of the most serious and frequent home risks. That is why owners and real estate agencies usually require it as a condition to hand over the keys: it is the way to guarantee that, if something happens, everyone's assets are covered.
It is a common requirement in most lease agreements.
It protects the property you rent and also the neighboring properties.
It is usually inexpensive relative to the value it protects.
It is purchased online, without long procedures or paperwork.
In most rentals the policyholder is the tenant, with a clause in favor of the owner. These are the roles:
They are the one who takes out the policy. It covers the contents —your furniture and belongings— and includes the building fire clause in favor of the owner that the lease usually requires.
It is best to require the tenant to hold insurance with the clause in their favor. And if the tenant does not take it out, the most prudent thing is for the owner to get their own coverage just in case: the building policy does not always cover it.
It is the endorsement that makes the building coverage respond in favor of the owner in the event of a fire. That is why the lease usually requires the tenant's policy to include it.
Beyond fire itself, these policies usually include essential coverages for your peace of mind:
Fire of the contents: your furniture, appliances and belongings.
Building fire in favor of the owner: the clause the lease usually requires to protect the structure.
Explosion, lightning and fire-related damage.
Civil liability toward neighbors: damage that a fire in your unit causes to neighboring properties.
Note: fire insurance and the rental surety bond (caución) are different things. The surety guarantees rent payment; fire insurance protects the property and contents against fire. Many contracts ask for both.
You do not have to figure it out alone. With three simple pieces of data we tell you which coverage applies to you and how much it costs:
See what insured sum they ask for and whether it requires contents, property or neighbor liability coverage.
With the size of the home and the value of your contents we show you the price instantly, with no commitment.
You purchase online and receive the documentation to hand to the agency or owner.
It is not a general law, but it is a common requirement that owners and agencies include in most lease agreements: in practice, without the insurance they usually will not hand over the keys. The cost depends on the size of the home and the value of the contents, but it is usually affordable relative to what it protects. You can see the exact price by quoting online in 1 minute.
In most contracts the tenant takes it out and pays for it, as the policyholder, with a building fire clause in favor of the owner. If the tenant does not take it out, the most prudent thing is for the owner to get their own coverage just in case.
No. The surety guarantees rent payment in case of default; fire insurance protects the property and contents against fire. They are different products and many contracts ask for both.
It depends on the size of the home and the value of the contents you want to cover, but it is usually affordable relative to the value it protects. You quote online in one minute and see the price instantly.
Yes. You quote and purchase online in minutes, and receive the documentation to hand to the agency or owner.
Quote online in 1 minute and get your policy backed by a broker with over 100 years of experience. We compare companies and support you in any claim.
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