Renters plans – Millennials do not believe in owning a house. You can opt for coverage that is financially affordable.ĭigital – No much paperwork as most home insurance can be brought online. Value for Money – Not all Home Insurances are expensive affairs because it is protecting your most valued possession. What are the benefits of a Home Insurance Policy? In India, 2.5 lakh cases of robbery, burglary, dacoity, etc. There is an increase of 40% in the loss of property stolen in India.
Below are a few data and facts which will tell you how important home insurance is.ħ0% of thefts that happen in India are in residential areas. This will cover your home during unforeseen circumstances like theft, floods, earthquake, landslides, mobs etc. Why should you get Home Insurance?įor your well-being, financial security and safety of your home, you need to buy home insurance. Emotions are attached to the home and also have lots of value. Home is much more than physical property and is a valuable asset. Home insurance covers from advanced gadgets to fine interiors, jewellery to any other valuable belongings. It covers personal belongings in the property, interiors and exteriors from unexpected situations like theft, fires, vandalism, storms, explosions and floods. It can be brought to cover either one’s own property or rented house. What is Home Insurance?Ī property insurance policy is known as home insurance. After putting so much into buying a home, it is important to secure and protect it. People put all their savings and life into buying a house and this property stays with 2 to 3 generations in the family. Buying a house is one of the biggest investments in one’s life and none wants to lose it easily. This makes it more necessary along with the protection it provides against damage and theft. Nowadays mortgage companies ask for home insurance for financing and approving a loan. Home insurance is a necessity and not a luxury commodity. Home insurance protects the home against damages and losses caused by human-made hazards and natural calamities.
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