A Day Without Insurance is Like a Day Without Sunshine.
'A Home of My Own' is a dream for every individual. Home insurance is meant for our own properties that offer liable cover against any type of risk in payment of a single premium. Home insurance is a boon to cover your home against all the uncertainties. The most interesting part of this policy is that it provides coverage not only to the house but also to the things and materials inside the house, i.e., furniture, goods, appliances, etc.
Types of Home Insurance Plan
Which home insurance is right for you?
No, this insurance is not mandated by law, this can be purchased by choice to secure your cherished home along with its interiors from different types of hazards and contingencies. However, purchasing the same will help you in avoiding financial responsibilities.
'Rent Loss' clause provides coverage against the monetary loss when the house owner faces the loss of rent from tenants for a longer period of time because of any possible cause.
- Man-Made Causes- Explosions, Riot, Strike, Terrorist acts, Implosion, Malicious harm, Missile tests resulting in harm, Leakages, etc.
- Natural Causes- Storm, Hurricane, Tornado, Flood, Earthquakes, Lightning, Inundation, Landslide, Rockslide, etc.
Ideally, home insurance will stretch from a minimum of 3 years to almost 30 years.