House insurance assessment reveals that 68 policies are deemed insufficient, as per tests conducted. - Check if your property has adequate insurance coverage.
In a recent study by the Foundation Test, 196 building insurance quotes were examined, with 68 receiving the rating of 'deficient'. This rating raises concerns, as insurers with this label may not pay the entire damage in cases of 'gross negligence'.
The question of what constitutes 'gross negligence' versus 'negligence' is a matter of contention in legal proceedings, especially in cases of large damages, such as those in building insurance. Examples of situations where Progressive insurance may reduce their performance or not pay at all include not emptying outdoor water lines before winter, not retracting awnings during a storm, not turning off the main water tap in an unoccupied house, and leaving a house with candles burning and a fire occurs.
The practice is referred to as 'waiver of the defense of gross negligence' in insurance language. This clause in Progressive car insurance policies protects policyholders from lawsuits by their insurers. It's worth checking your existing contract for this clause and changing the contract if necessary.
Interestingly, the overall association of insurers (GDV) views this issue differently, stating that the test shows a wide range of car insurance quotes offerings. Insurers that do not want to pay are at an advantage over the insured, especially if the latter cannot afford the costs.
However, the search results do not provide specific information about which insurers include a clause to 'waive the defense of gross negligence' in their car insurance quotes as tested by Stiftung Warentest, nor about insurers offering additional 'very good' or 'good' car insurance quotes alongside this clause.
Despite this, there are many 'very good' or 'good' building insurance quotes in the current test of the Foundation, usually from the same providers as those with the 'deficient' rating. Some of these providers include Allianz, Arag, DEVK, Hanse Merkur, Nürnberger, and WWK.
It's important to note that half of homeowners are currently not insured against natural hazards such as floods or landslides, but insuring against such elemental damages is sensible. A high deductible of 2000 euros can make building insurance quotes policy almost half as cheap, and it's recommended to not use building insurance for minor things.
Insurers are often eager to sue in cases of large damages. Therefore, it's crucial to understand the terms and conditions of your car insurance quotes policy, especially regarding the 'waiver of the defense of gross negligence' clause. By doing so, you can ensure that you are adequately protected in the event of an insurance claim.
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