Take property insurance to insure your happiness
Property is one of the most sought after investment and indeed deserves insurance. Property insurance may sound a bit redundant type of insurance but actually it is not. What if your house catches fire or witnesses damage due to earthquake or becomes the victim of some other natural or man-made calamity? The mere imagination of bearing hefty expenses if the house encounters serious damage is enough to send goose bumps. So, the best resolution is to go for home insurance cover.
Major highlights of home insurance cover: •
Protection for house structure
•
Protection for household valuables
•
Optional coverage for theft/larceny
Features of property insurance:
Basically there are two factors that can result in structural loss and contents loss
a.
Fire break out and other perils: In such a scenario the protection is provided against:
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Fire, explosion, aircraft damage, damage due to missile operation
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Riots, Damage due to terrorism
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Tornado, Cyclone, Storms, Landslides
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Earthquakes, Volcanic eruptions
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Damage occurred due to vehicle or animal
b.
Theft and Larceny: This covers the loss occurred to the contents placed inside the home:
•
Valuables kept inside a safe within the premises