Home means a world to us, it is the epitome of our desires and emotions. Many of us invest the savings of lifetime to get a home for ourselves. We need to make sure that it is safe... Home insurance covers the structure of house and the contents which include prized possessions against damage from natural calamities like floods, earthquake, storm and man made events like riots, arson etc.
Benefits and Features of Home Insurance
Complete coverage for any damage to your home or it's contents from natural calamities and man made events
Complete peice of mind in midst of environmental issues or social unrest
Theft or burglary of property and valuables at the insured premises if the homeowner is away
Valuable articles cover for silverware, jewelry, art, antiques and costly electronic gadgets, computers are covered
Benefits like round the clock customerservice, immediate access to the insurance experts and quick customer service.
Home Insurance and Home Loans
In India, majority of people buy a home insurance while seeking for home loan as it is generally attached with the home loan product. Assuming you have taken a home loan to buy your dream house and definitely you will plan to furnish and decorate it with classy interiors, valuable antiques and latest furniture. It would be heart breaking if the house gets damaged due to fire or natural calamities like earthquake, floods, lightning, thunderstorm etc.
In absence of home insurance you will have to shell out the cost of damage repair(s) from your own pocket which may prove to be very costly. A home insurance plan offers coverages for the building structure and its content, thus securing against any damages to the structure or contents. So you can be assured while paying your home loan EMI that any sudden damage(s) or expense(s) to your home are covered.