THE IMPORTANCE OF INSURANCE

LA IMPORTÀNCIA DE L'ASSEGURANÇA

Regardless of whether you buy or rent an apartment, it is a good idea to take out comprehensive insurance (Assegurança multirisc) that covers the furniture and objects in your home. You will thus avoid losing money if there is an accident in your home or if anything that has a negative effect on other residents happens (water leaks, fires, etc.), as each resident must pay the costs of any damage they may cause to the home of another resident.

Some insurance policies may provide you with money to pay two or three months' rent if you find yourself in debt at any point due to unemployment or a shortage of cash.

If you are granted a mortgage, you are legally obliged to take out a comprehensive insurance policy, either with the bank providing your mortgage or with a company of your choice.