A home insurance policy offers protection to the structure and contents of the house in the event of any physical destruction or damage incurred to the house by any unavoidable perils. Home insurance provides coverage to a house and its contents against loss or damage caused by natural (flood, storm, landslide, etc.) and man-made calamities (theft, burglary, strike, riot, terrorism, etc.)
In recent times, the incidence of natural calamities, such as storm, floods and cyclones, have increased manifold. In the first half of 2020 itself, India has witnessed two cyclones – one each in the Bay of Bengal and the Arabian Sea. When such a natural calamity strikes, it not only damages the trees, vehicles and external properties but also ends up damaging several houses. Your house is one of your most prized possessions and thus, you need to protect it against any loss or damages arising out of such natural calamities. If you have a home insurance policy, your house will be protected from all kinds of unforeseen dangers, including storms, floods and cyclones.
Home insurance plans offer coverage of the liabilities that arise out of damages to the house and/or the contents due to man-made reasons like burglary, theft, etc. as well as natural calamities like fire, floods, lightning etc. Here are some of the ley features of home insurance policy:
The fundamental constituent of a home insurance policy is the coverage it offers against different damages. Home insurance policies not only protect your house but its surroundings, and the contents of the house.
Cover for the building/structure is the basic coverage that every home insurance plan offers. This protects the physical structure of the building/house/dwelling against different risks and perils. The coverage offers protection to the structure including electrical apparatus, air-conditioning, building, plumbing, heating etc.
Apart from coverage to the building, home insurance policy also offers coverage to the additional structures around the house (that might not necessarily be attached to the building). Some of the examples may be fence around the house, detached garages, retaining wall, backyard shed, mailbox, the driveway, pool etc.
Home insurance policies also offer cover for personal possessions/property or the house’s contents against different perils and risks. House insurance policy might include electrical appliances personal computers, television sets, refrigerators, microwaves, air-conditioners, etc. It includes furniture such as dining tables, couches, beds, together with furnishings such as rugs, curtains etc. Most often, expensive assets including jewellery are also covered.
Get comprehensive coverage to both the content and structure of your home.
Secure your every asset from any mishap by opting for a right property insurance plan.
Buy home insurance policy at comparatively lower premium rates than other insurance policies.
Reduce stress and tension level for you will have property insurance to fall back to, in case of unforeseen circumstances.
Timely house insurance pay-outs allow families to go through the rebuilding process quickly, helping them to move on and get back to their normal daily lives.
People who do not want to buy a comprehensive home insurance policy can buy a Fire Insurance Plan that will offer a cover against perils like fire, etc. Nevertheless, you should not forget that the coverage offered by a comprehensive house insurance plan is much higher.
Moreover, many house insurance companies also offer riders like Temporary Resettlement Cover, Loss of Rent Cover, Dog Insurance Cover, etc.
This is not it; house insurance claim settlement process is hassle-free and quick in many cases.