HOME INSURANCE

‘A Home of My Own’ is a dream for every individual. Home insurance is a boon to cover your home against all the uncertainties. The most interesting part of this policy is that it provides coverage not only to the house but also to the things and materials inside the house, i.e., furniture, goods, appliances, etc.

IMPORTANCE OF HOME INSURANCE

Buying and owning a house is really worthy for a hard-working person, the one who is working in a breathe to earn and save money to purchase or build a house for his/her family. Insure your house and its contents from hazards like fire, storms, burglary, etc. This is where home insurance comes in to ensure peace of mind for you and your family.
A relevant home insurance policy not only is the protector of your cherished home but also takes care of the cherished and special memories and emotions that reside therein.

FEATURES OF HOME INSURANCE 

Different insurance companies are offering attractive features to the policyholders to keep their houses safe and secure from various hazards.
Full cover from the expenses of any damage or loss caused to the house and its interiors arising because of natural and man-made activities.
You can stay calm and enjoy the benefits once your house is insured by the policy.Purchasing the home insurance is quick and simple. 

BENEFITS OF HOME INSURANCE 

• Gives comprehensive coverage to the interiors and building of your home.
• Provides security to your property and resources from any damage or loss.
• Reduces the strain and anxiety as you are away from home.
• Covers for fire & allied perils and burglary under one policy.
• Covers building & household contents.
• Flexibility to pick between best-suited plans for your home.

Additional Cover

Many insurance companies are providing additional benefits to make the policy more comprehensive. Every company is offering different types of add-ons to the customers. The following are some of the additional benefits offered by a majority of companies. Coverage for rent loss, temporary living, replacing the lock and keys, burglary of ATM money, pets at home e.g. dogs, etc.

Building Insurance

As the name suggests, this plan is to cover exclusively your house, flat or apartment construction. Any type of house is covered under the plan except the houses made of mud, straw, dry leaves and wood. The interiors of the house are not covered under the plan. The sum assured of this policy is determined as per the restoration worth of the house.

Public Liability Coverage

This plan adds essence to the policy as it covers any type of losses or damages that you might have to suffer in the third-party’s house or property, i.e. any injuries or death or accidents that might have taken place in the other person’s house is covered under the plan. Any type of handling costs or extra expenditure that the policyholder had to face is also included in the plan.

Few  Inclusions and Exclusions in Home insurance policy