In Portugal, the most frequently purchased coverages in a multi-risk home insurance policy are those protecting against the most common incidents and those capable of causing the greatest financial loss. Although they vary by insurer, the most common coverages include:
Fire, lightning strike, and explosion – This is the basic coverage; in many cases (such as for buildings under horizontal property ownership), fire protection is required by law.
Water damage – One of the most frequently claimed coverages. It protects against damage caused by burst pipes, water leaks, clogs, or overflows, and—depending on the policy—may also cover the cost of locating and repairing the source of the problem.
Storms and floods – Covers damage caused by weather events, such as heavy rain, strong winds, or flooding, subject to the conditions specified in the policy.
Theft or robbery – Indemnifies losses resulting from aggravated theft or robbery, affecting either the building or its contents (if insured).
Civil liability – Protects the insured in the event of causing property damage or bodily injury to third parties—for example, due to flooding that affects a neighbor.
Electrical risks – Covers damage to electrical and electronic equipment caused by power surges, short circuits, or electrical discharges. It is currently one of the most sought-after additional coverages.
Other frequently added coverages include:
Seismic phenomena;
Land subsidence;
Demolition and debris removal;
Temporary loss of use of the dwelling;
Home assistance;
Breakage of glass and sanitary fixtures;
Protection of contents (furniture, appliances, and personal belongings).
In practice, for most homes in Portugal, a coverage package considered balanced includes:
Fire, lightning, and explosion;
Water damage;
Storms and floods;
Theft or robbery;
Civil liability;
Electrical risks.
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