Events like floods and fires can happen at any time, it can cause huge damage to you
Home insurance policy protects your belongings and home 24 hours a day
You insure health and life so that sudden expenses can be avoided. Similarly, you should also insure the house and their belongings. In this, you can also insure the bank’s locker. This is because events like fire or flood can occur at any time. In such a situation, insurance will compensate for your loss. With which you will be able to avoid a huge expense.
Flood damage caused by floods in Kerala, Mumbai and North Eastern States
Recently, the floods in Kerala, Mumbai and the north-east have once again made it clear that when it comes to home and equipment insurance, people are less aware of it. Most Indians spend most of their earnings to buy homes or decorate their homes, but they do not understand the need to insure them.
Search for goods, but insurance is not taken
Even during the current Corona time, most ecommerce site data highlight the fact that household use and electronics goods are more searched on these sites. Yet most home owners do not protect these assets or assets with proper home and content insurance cover. A fine home insurance compensates for the damage caused to fixed and portable property arising out of any contingency, theft or untoward.
Houses also damaged in Chennai, Orissa, Kolkata
It may be recalled that there has been a large scale devastation due to floods in Kerala as well as incessant floods in some other parts of the country like Chennai, Mumbai, Orissa, Kolkata in recent times. It has been observed occasionally during the claim that indoor equipment, electronic items, household appliances, portable appliances such as cell phones or laptops, televisions, etc., are equally valued as the home.
Keep jewelry safe in home insurance
Similarly, home insurance policies also include ornaments, even valuables kept in bank lockers. In fact, you must have insurance of your jewellery and valuables. Whether they are in the locker of the house or in the bank locker. Keep a bank locker in lockers according to your policy the ornaments only provide coverage under bank security.
Get good protection at a lower premium
The home insurance policy provides 24 hours seven days protection for your assets at a minimum premium. Whether they are kept at home or in lockers. Many households often have valuable art, drawings and other valuables, which can also be insured at a minimum premium. The trend of rental homes in the country is also increasing. More people are going to big cities for jobs.
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Home insurance can also be availed for rented houses
Home insurance is not just limited to property owners who buy property insurance to secure their home loan or who are home owners who take the same insurance. This insurance can also be purchased by tenants living in rented houses for coverage of their equipment. Incidents like floods, cyclones, thefts, fires can all damage valuable material. In such incidents, everything you can do is harm.
You may have to resume building your home to get your life on track. This is the time or opportunity where home insurance comes to your rescue.
Some features of a perfect home insurance policy are given which tell you its importance as to why it is necessary.
New cover in lieu of old for up to 5 years-
This facility of home insurance policy provides full protection for providing new in lieu of old on loss of household equipment. The new cover in lieu of the old gives peace of mind because if a luggage is spoiled for 5 years and if it is not possible to repair it, your insurance company will make a payment to change it completely. Even if the same exact item is no longer available, you’ll get money to buy the same new item.
You will also be compensated in case of damage to furniture and fixtures, electronic items, kitchen items, clothes and personal belongings as well as other products that have been insured at the time of purchase of the policy.
Portable Equipment Cover –
This policy also compensates for accidental losses under portable equipment anywhere in India. However, coverage for “portable equipment” can be converted into coverage worldwide when paying additional premiums. This means, from your phone to your camera, your insurance policy will cover you in every way.
Rent for alternative housing – If the house is destroyed due to some distress like fire or flood, and you need to move to an alternative flat, this additional benefit under the policy compensates you for the amount of rent. This cover comes as a boon in disaster and helps you maintain your standard of living in times of financial crisis. It is advisable to secure your home and its equipment, or your content alone, with a good home insurance policy.
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