4 Situations Where Your House Insurance Policy Protects You!

1. 4 SITUATIONS WHERE YOUR HOUSE INSURANCE POLICY PROTECTS YOU!

2.  It is a dream of many to buy a place that they can decorate, furnish, and call home. Often, it requires budget cuts and huge sacrifices to make this dream come true. And finally, after putting so much effort into buying that dream house, people usually forget one important thing – home insurance!  These plans insure your residence against uncertain events such as theft, fire, natural calamities, etc. that can leave a huge impact on y finances. Hence, every homeowner needs to secure themselves from unforeseen risks by purchasing house insurance.  Read on to understand better about your house insurance coverage.

3. BURGLARY  You might be on a holiday with your family but on your return, you realize that your television, jewelry, and other valuables are missing from your home. This loss could cost you a lot! But if you have house insurance, you can simply make a claim and get compensation for the valuables that were stolen. Therefore, with a good home insurance policy, you do not need to worry about your prized possessions while you are away!

4. NATURAL DISASTER  A natural calamity can strike us when we least expect it. And while we cannot predict when such an event will occur, we can at least prepare ourselves for the aftermath.  If you have house insurance, it will protect you, your home and your possessions against the financial impact of the storm, hurricanes, earthquakes, mudslides, and other such natural calamities.  Pro tip - While buying house insurance, make sure to choose the set of disasters you want protection against depending on the location where you live and calamities your home is more vulnerable to.

5. ACCIDENTS  Imagine, you are trying your hand at cooking for the first time, but suddenly you get a call and you forget about turning the gas off. During this momentary lapse of concentration, a small fire breaks out causing damage to your house. This is where home insurance comes into play.  An accident can occur anytime, anywhere. Whether it is your electric appliance or a small mishap that led to significant damage to your house, your insurance policy will cover the expenses for you. Besides, some insurance policies also have third-party add-ons, that secure the belongings of your relatives, tenants, or guests who live in your house or come to visit you.

6. BUILDING DESTRUCTION  If you buy fire insurance, it safeguards you against structural hazards and risks. It also gives coverage for the damages that are caused to washrooms, ceilings, walls, windows, and other permanent fixings of your house. You also get the liberty to include add-ons such as protection for garages, verandas, etc. in your house insurance policy, depending on your requirements.  So, by now, you must have understood the importance of home insurance. Make a wise decision to protect your house so that you do not need to worry about your precious adobe anymore! After all, taking precaution is better than regretting later. Good luck!

7. For more details on Health insurance in India : • 5 Smart Tips to Lower Your Medical Insurance Premiums. Visit Here : • https://www.iffcotokio.co.in/