What is Home Insurance ?

Security & safety are the primary tenets of a home. However, in uncertain times, safety can be a major concern and buying a strong, affordable home insurance policy is a way to ensure that our homes are never compromised, especially when home insurance

Home insurance or homeowner’s insurance policy offers coverage to private residences (homes) in the case of a fire, natural calamity (flood, cyclone, lightning strikes etc.) or man-made mishap (theft, burglary, riot, terrorist attack, etc.)

What home insurance does is protect homeowners in case of damage to property & the contents of the house due to a disaster, natural or man-made.

Benefits of Home Insurance

Having a home insurance policy ensures that in case of any accident or mishap, you and your loved ones can resettle and move on seamlessly from the shock of it. Your home is built with many investments made over a long period of time. A natural disaster or mishap like fire, can damage it all in one go.

• 1. Peace of Mind: In case of any unprecedented damage, your home insurance policy ensures that you are still grounded and in control of the situation. This can help your loved ones feel safe & secure, even in the face of an accident
• 2. Low Premium Cost Home insurance policy premiums cost lower than other policy premiums (health, life etc.). Having property insurance is thus an affordable way to protect your most valuable investments
• 3. Choice of Cover Home insurance plans have various kinds of protections available for homeowners. While a comprehensive home insurance policy provides all kinds of coverage, some homeowners may specifically require a particular protection (Flood protection in low lying areas, fire protection plan etc.).
• 4. Quick Rebuilding With Home Insurance pay-outs, you can resettle as quickly as possible. The sooner you rebuild your home, the sooner your loved ones feel safe and protected. This can help reduce the impact and everyone can lead a normal, happy life again
• 5. Safeguarding Your Valuable Contents With home insurance plans, you have an option to safeguard the contents inside the house as well. These include expensive assets and valuables like furniture, electronic appliances, jewellery etc. On paying an additional premium, all your precious items are covered in case of a fire, burglary, or natural calamity