Cover your house with suitable protection plan‌
Although renting for residential accommodation is on the rise in India but still buying a home is like a owning your dream someday. Most people try to buy property rather than renting one. Usually the rent one pays is equivalent to the EMI one would pay for their own house, especially for the ones in metropolitan cities. Therefore, buying your own dream is better the renting one. Once, you decide to buy your own house you have two choices either it’s from your own savings or to take loan from a bank. But whatever you choose, it is extremely important to get a house insurance to protect your assets should you be faced with any unforeseen calamity. Uncertainties never come knocking at your doorstep. You may choose the best loan option, live a happy life with family in your new house but natural calamities like earthquakes, floods, fire, explosion, cyclones, lightening etc. can strike anytime. If you not at home there might be stealing, burglary or riots which can cause serious damage to your valued house. At, times it may be extremely difficult for you to construct or buy a new property once again on your own. Infact, it might break your back leading to serious finance crisis. Therefore, owning a well balance house
insurance plan would be the ideal way to cover up your expenses and save yourself from financial crisis. A home cover will not only cover the structure of the house but also its contents which are equally valuable. Different home insurers will assess the value of the damage done differently. In India, home assessment is based upon multiplying the area of the structure by the cost of construction. The value of the contents is ascertained by its current market price Depending on the type of home insurance policy you take, you get coverage for different kind of hazards. The good news is that home insurance come at very cheap rates and will not strain your pockets. This vital cover comes at affordable rate and the cost of insuring the structure against damage is as low as Rs 50 per Rs 1 lakh. To secure your home of any threat, Home Insurance Policy will provide security to the structure and/or contents of your home against unforeseen calamities. Home insurance protects both your house and property at a minuscule cost. The benefits outweigh the cost involved towards the insurance premium payments. The best way to find the right house insurance policy for your needs is to first evaluate your home taking into account the value of your property, any risks such as being in a flood or seismic area and the value of your possessions. Once you have this information, it is a good idea to start looking online for the best deals. Online sites are a great place to start as they help you easily to compare the cost of home insurance and also provide you variety of options to choose as per your requirements. Always be sure to read small print and ensure you are adequately covered before committing to house insurance, as the wrong type of coverage could lead to problems further down the line. A standard fire and other perils policy
covers damage due to fire, lightning, storm, flood, landslide, earthquake, vehicle impact, rioting, arson and bursting of pipes and tanks. Although it is possible to buy this as a standalone cover, but most insurance companies encourage buyers to go for a comprehensive plan that covers a wide range of risks. Also, keep in mind that as you bring in more and more factors under insurance cover like natural disasters, the premium will slightly push up. A house insurance cover is one unique product which stands apart as it protects both the home structure and the household contents.