Home Insurance
Keep your house and its valuables safe
from cyclones, thefts and other hazards.
Home insurance is the agreement between the insurance company and the owner of the home to protect it from natural calamities like floods, storms, earthquake, fire and from man-made calamities like theft, robbery, riots, accidental damages.
Need for Home Insurance
- Home insurance is the best way to opt to protect your home, if you’re located in areas that are prone to natural calamities.
- Constructing a home is not an easy task as it requires years of savings from your hard-earned money, and making the concrete walls a home requires a lot of Dedication, Patience, Planning and Financial Stability and further the investment goes in making the home beautiful by interiors. It is a place of comfort and is an evidence of family existence.
- However natural calamities are uncertain as it is always a right choice to safeguard your property being in a safer side.
- There is no compulsion in India to have home insurance but if you are in such a location in India which is mostly prone to floods and storms then buying the home insurance is the ideal decision.
What does a Home Insurance cover?
Home insurance covers the structural damage caused by natural calamities
Add-on covers for Home Insurance:
- However man-made calamities can also be included by paying extra premium to the existing home insurance policy.
- The additional insurance features depend on the company terms and conditions. Some of the general add on can be listed as:
Theft
Electrical Appliances insurance
Lighting
Accidental Damages
What does not include Home Insurance?
- Wear and tear damages, which are naturally caused by the seasonal effects and for the building which is turning old.
- Damages caused by war or invasion
- Insurance will not be applicable if the money, collectibles lost due to Man-Made or Natural Calamities.
- Ruin of the property due to negligent usage of any electrical equipment.
- Intentional Destruction of the property.
Types of Home Insurance
- Standard Fire and Special Perils Policy: This type of home insurance provides safety against fire mishaps and some of the special factors like
- Natural disasters – Flood, Storm, Earthquake, Fire, Volcano, Lightning.
- Man-Made disasters like riots, strikes and hateful activities.
- Damage due to accidents by other vehicles
- Overflow of water from pipes and tanks and from water and is suitable for the house owners as they hold the complete residence rights. Tenants can also buy this insurance on certain terms.
Types of Travel Insurance
We understand your travel priorities and purposes. Here are some of the options which serve your plans of traveling abroad or within India, with group or Solo, we have got everything covered:
Public Liability Coverage
The insurance covers the damages caused to the public or the third party such as guests and visitors in the insured home.
Building Structure/ Home Insurance
As the name says, the home insurance covers the damages caused to building structure due to any external risks. It also extends its protection to the roof, ceilings and kitchen if in case they are in the need of permanent fittings. The insurance also holds good for car sheds, garden area, garages, store rooms and other structures which are contributing to the home damage.
Burglary and Theft
In case of the Burglary and theft, this insurance provides protection to the contents of the home except the money, in the form of cash and other collections of coins, antiques and other valuables.
Personal Accidents
This insurance covers the protection of insured person and their family. In case of road accidents or any form of physical injury, a permanent impairment, malfunctioning of the body or the death of the person, the compensation will be provided according to the premium of the insured person to him or his family.
