Home insurance is an insurance we take to protect ourselves financially in case any unfortunate incident threatens to damage our house. These incidents can range from natural calamities (such as earthquakes, floods, lightning, storms, typhoons, etc.) as well as man-made threats and anti-social activities (such as riots, vandalism, thefts, strikes, etc.)
We need home insurance because our home is our safe place, our sanctuary. It is a place where we harbour your dreams and aspiration. We put our life’s entire savings in to buying or constructing a home, but we rarely realise that our home, like our health, needs protection too.
Here are a few points you must bear in mind while insuring your home:
- Always, ALWAYS, maintain proof of all your insured items. This will help you in the future if you have to claim them from the insurance company.
- You cannot claim any damage or loss of property if it occurs on an unauthorised construction. So, make your investment very carefully.
- You home insurance policy will only cover the building and its components and not the land it is built on.
- Not just home owners, even tenants can insure the contents of the house they reside in.