Looking at the present time, the house has become a very important part. Everyone wants to have a good home. Home insurance acts as a shield in bad times.
Which saves the house from some unexpected troubles. As the risk of natural calamities and thefts is increasing in India, having hom insurance is for everyone
Being is becoming important.
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What is home insurance?
Home insurance may be known by many names, such as building insurance, home insurance, property insurance, or homeowner’s insurance. Hom insurance is an insurance policy that helps protect your home against loss due to defined events that are specified in the document. Some of the common insured events include natural events like floods, storms, fires and earthquakes.
If there is any damage to your home due to calamity as stated in the policy, the insurance company pays an amount to cover the cost of the loss of your home.
A insurance policy also protects you from legal liabilities if a visitor is injured while visiting your home.
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Types of Home Insurance:
- Home contents cover: Such policies usually cover your movable, furniture, jewelery and electronic items. If these materials are stolen or damaged, the insurance policy covers its costs.
- Structural Cover: Such policies cover the repair costs of your home if it is seriously damaged. This policy will usually cover the cost of repairing the damaged part.
- Fire cover: Such policies generally cover events like unforeseen natural calamities and accidents. It covers both your home and its contents.
- Theft Cover: Such policies provide compensation for any stolen items and valuables,
Benefits and Features
- Helps in rapid reconstruction of damaged property
- Covers both structure and materials of the house
- Option to purchase fire and accident coverage separately
- Valuable items like jewelery and furniture covers
- Hassle-free claim settlement
- Multiple add-ons are available such as rental loss, dog insurance, etc
- Keep your peace of mind
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Best Insurance Policies
1 . Bajaj Allianz
Bajaj Allianz Insurance policy provides protection against damage to buildings. Under this policy, one also gets coverage against damage to household contents.
- Structure SL : ₹ 35 Lakh
- Content SL : ₹ 7 Lakh
- Premium / Year : ₹ 892
2. Bharti AXA Insurance
Bharti AXA Insurance covers the structure of the building and the contents of the house. Jewelery and other valuables are covered under PAN India.
- Structure SL : ₹ 35 Lakh
- Content SL : ₹ 7 Lakh
- Premium / Year : ₹ 917
3. Future Generali
Insurance covers the structure of the building and the contents of the house. Jewelery and other valuables are covered under PAN India.
- Structure SL : ₹ 35 Lakh
- Content SL : ₹ 7 Lakh
- Premium / Year : ₹ 1042
4. Reliance General Insurance
A Reliance insurance policy provides coverage against loss due to man-made or natural calamities.
- Structure SL : ₹ 35 Lakh
- Content SL : ₹ 7 Lakh
- Premium / Year : ₹ 1093
5. Cholamandalam
As Cholamandalam Insurance Company is the cheapest insurance company, its premium is low.
- Structure SL : ₹ 35 Lakh
- Content SL : ₹ 7 Lakh
- Premium / Year : ₹ 1310
6. IFFCO Tokio
IFFCO Tokyo Insurance provides adequate compensation in case of loss of electrical and electronic equipment of the house.
- Structure SL : ₹ 35 Lakh
- Content SL : ₹ 7 Lakh
- Premium / Year : ₹ 1310
Some Things To Remember For Home Policy
- Read the Fine Print: Take your time to find out what is covered and what is not.
- Be honest: When you buy insurance, honesty is best policy. Do not hide important information.
- Compare Policies: Don’t settle for first policy. You should also compare different policies and choose the best policy among them.
- REVIEW REGULARLY: Review your policy every year and make adjustments accordingly.
Conclusion
House insurance may seem like another expense to you, but it is a protection that protects you from financial ruin in the event of an emergency. So, always invest in a good house insurance policy.
FAQ
Which insurance is best in India?
IFFCO Tokio Insurance is best in india.
Who are top 3 insurance companies in India?
- Bajaj Allianz
- Cholamandalam
- Reliance General Insurance
Which insurance company has most complaints in India?
Life Insurance Corporation has 1,14,000 complaints in india.
