When you take out home insurance, you must declare your « movable capital », which is the total value of what you own (furniture, clothes, electronics). To lower the monthly premium, or simply out of ignorance, many policyholders declare a capital much lower than reality (for example 15,000 € instead of 40,000 €).
This is a mistake with dramatic consequences in the event of a claim, due to a little-known legal principle: the proportional rule of capital.
How does the penalty work?
If a claim occurs (even partial, like a burglary where 5,000 € of objects are stolen), the expert mandated by the insurance will evaluate the damage, but they will also evaluate the total value of what you own in the apartment.
If they notice that you declared 15,000 € when you actually owned 30,000 € worth of goods, they will consider that you were only half insured (50%).
The sanction is relentless: your compensation will be reduced in the same proportions. For your 5,000 € theft, the insurance will only reimburse you 2,500 €! And this applies even if the amount of the theft is less than the declared capital.
The importance of accurate evaluation
It is therefore vital to evaluate your movable capital extremely precisely and to re-evaluate it every year (after Christmas, after major purchases, etc.).
How SafeInventa protects you
It is impossible to mentally estimate the value of a home. By using SafeInventa to list your goods as you go, the application automatically calculates the total value of your inventory. You know exactly what capital to declare to your insurer, thus avoiding the trap of under-insurance and the terrible proportional rule.