These types of insurance provide protection for both the borrower and the lender. They also guarantee the assumption of all or part of the repayment deadlines or the outstanding capital of a credit in the event of the occurrence of certain events.
The basic Hausratversicherung contract offers coverage against at least rental risks, in addition to the basic guarantees (fire, water damage, theft). However, multi-risk Hausratversicherung goes further, by offering you, for example, a private civil liability guarantee which covers any damage caused by you or one of the occupants of the accommodation to a third party. Personal property protection can also be purchased.