Protection against liabilities
Home Insurance
INSURANCE BENEFITS
Why is House Insurance Important?
For many of us, buying a house is like a dream and when this dream comes true we don’t want anything to get in the way. Whether you are buying a new house or you have already paid off your home loan installments, having a home insurance policy provides you financial protection in case your house is damaged or destroyed in natural disasters like floods or earthquakes or in case of a fire or other accidents. Just like you insure your life, health, and vehicles, it’s important that you insure the house that you have bought with your hard-earned money. Many people, especially in India, do not buy a home insurance policy since they are under the misapprehension that cost of home insurance cost is high. While that is untrue, the importance of property insurance cannot be understated. The benefits and the peace of mind that a home insurance policy ensures are unmatchable.
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Fast & easy process
Fast & easy process
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Fast & easy process
Fast & easy process
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Control over policy
Control over policy
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Save your money
Save your money
INSURANCE BENEFITS
Some of the salient benefits of the product include:
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Provides coverage against natural and man-made calamities
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Coverage of temporary living expenses
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Coverage for the loss/damage to your valuable assets and precious personal belongings
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Makes it easier to avail a house loan from banks
WE ALWAYS HELP
They frequently asked
questions
? Home insurance covers you against natural calamities:
For any property owner, a natural disaster that destroys the house is the biggest nightmare. Natural calamities such as earthquakes, floods, tsunamis, typhoons etc., can take cost of repairing the damaged property through the roof. It also puts a massive financial and emotional burden on the property owner. But a comprehensive home insurance policy protects you against the losses and damages caused by the natural calamity. It covers you for the costs associated with repairs or renovation. The home insurance policy essentially act as more than a financial cushion and help you rebuild your house without having to dig into your savings
? Home insurance protects you against human-made disasters
Apart from protecting you against natural calamities, a comprehensive home insurance policy also covers you against any costs resulting from human-made disasters. It protects you against human catastrophes ranging from thefts and burglaries, to terrorist attacks, riots and strikes resulting in damage or destruction of property, among other things.
? Home insurance provides coverage for content beyond the property’s structure
The importance of property insurance also stems from the fact that it covers you for most of the contents of your house, beyond just the house’s structure. A typical home insurance policy essentially covers the physical structure of your home. However, if you opt for a comprehensive home insurance plan with the right riders, you can also get coverage for valuable items. Whether it is personal belongings such as jewellery, expensive apparels, home appliances, and furniture; a comprehensive home insurance policy can help you cover the cost of these items in case they are stolen or damaged.
? Home insurance offers protection against legal liabilities
If you’re still contemplating how important is home insurance, then you should know that it also protects you against liabilities. Having a home insurance policy offers you liability coverage that protects your legal responsibility in case someone is injured in or around your house. For instance, if a guest falls inside your house, he or she can file a legal case to claim hospital costs and nursing expenses. A home insurance policy will cover the expenses of the lawsuit and medical expenses arising out of it.
