Home Insurance Estimate
To protect ones’ property, home
insurance is one of the greatest investments that a person can make. Home insurance play a pivotal role in making
up your financial losses in case any disaster strikes. Here’s a guide to
everything about home insurance that would help you protect your home
·
What is home insurance?
Home insurance or
homeowners insurance reimburses a person for the losses in his home and for his
possessions inside the home. Home insurance serves as a property insurance that
provides protection to private homes against losses.
·
What all damages does home insurance
cover?
Most home insurance
policies cover the damage for * Fire * Explosion/Implosion * Aircraft Damage *
Impact Damage * Lightening * Missile Testing Operations * Bush Fire * Bursting
and/or overflowing of water tanks, apparatus and pipes * Man-made Calamities *
Leakage from Automatic Sprinkler Installation * Burglary & Theft *
Subsidence and landslide including rockslide.
·
What all damages does home insurance
not cover?
Home insurance policies do not cover the damage for * Loss
of painting, works of art and antiques * Loss of cash, cards, stock or other
documents * Loss or damage occurring when the home remains unoccupied, for a
long period (usually 30 days) * Loss or damage to any illegally acquired
property * If the section of the house is used for commercial purposes * Loss
to illegally acquired property * Loss on account of livestock, motor vehicles,
pedal cycles, money, securities for money, stamp, bullion, deeds, bonds, bills
of exchange, promissory notes, stock or share certificates, business books,
manuscripts and documents of any kinds.
·
What all are the things to consider
while insuring a home?
Insure your property and ensure you get best from insuring
your property against fire, theft, and damage made by tenant or from other
natural calamities. Have you insured your property? We bring a new Feature
for you to choose from a wide range of Semi Furnished, Fully Furnished and
Unfurnished houses
A person insuring his/her home should be truthful to state
the correct value and the insured object to the insurance company. * To insure
your appliances, you should clearly mention all the elaborate details like the
name, the manufacturer, the value, purchase year, specifications and others for
an easy settlement of claims. * For appliances, one should ensure that the sum
insured covers the replacement value of the appliance. * It is important that
you inform the insurance company of you have replaced any insured item so as
the policy is revised. * One should also inform the insurance company if
they’re leaving the home for more than four years. * If one sells the property
during the insured period, the insurance policy can be cancelled and one can
claim the premium back on pro-rata basis.
·
What is the householder’s policy?
Householders’ insurance policy helps
people to a large extent in case of a theft, fire or any damage to their
household goods. This policy not only protects your house from unpredictable
events, but it also covers house owner’s personal properties like jewellery,
laptops, audio and video equipment, furniture etc.
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