In this article, we are going to discuss what is home insurance and how we get home insurance, and which types of home insurance as well and also we talk about its claim and benefits.
Home insurance means the insurance of the house we have built. It will not include land, only insurance for the structure of the house you have built.
A common man spends his whole life building his house. His house should be good so that he can live a peaceful life and he does not face any problems. But if in spite of all this, a fire breaks out in his house for some reason and his whole house burns down, he cannot bear the loss that all his hard work in building his house lost
Therefore, in today’s world, it is very important for those who have their own home to have insurance. It is also not that it is very expensive. If you go to the internet, you will find various websites that are offering you home insurance. Here you can see the insurance plans of different companies and take whatever you like.
In today’s world, all homeowners should have their own home insurance and this is what we are going to talk about in this article.
What is a Home insurance policy and how it works
Home insurance is insurance for your home and your household goods, as well as for the additional structure of your home. If there is any damage to your home after the insurance has been done on the documents of your house or the goods kept in your house for any reason which is mentioned in the policy, then to compensate for the loss. All liability will be on the company in which you have insured.
There are a few things to keep in mind when applying for home insurance. As I mentioned earlier, insurance is for the home and not for the land on which your home is built. The second thing you need to keep in mind is that the price of the goods you have in your house will be the same as the price in the market. It will not be the case that when you bought an item, the price in the market was different and now the price is different. And when it’s done, you’ll get the same price as now.
For example, if you have a TV worth Rs 20,000 and it breaks down, it will not be the case that you will get only Rs 20,000 at the time of penning, but you will get the same pen as its market value.
The third thing you need to remember is that while home insurance covers all your household items, there are some items that a home insurance policy cannot cover, for example, cash in the home.
No home insurance policy covers the cash kept in the house. If there is any theft of money from your home, you will not get any claim from the insurance policy through this case. There are many other things that are not covered by the home insurance policy, so if you buy a policy, you must read their list so that you know which things are in this policy. Which are included and which are not.
Now I hope you understand what a home insurance policy is and how it works.
Why you should buy a home insurance policy
You should buy a home insurance policy because if your house catches fire for any reason and your house is badly damaged and you have to rebuild your house after that loss, think about how much you need. There will be a huge loss and no matter how long it takes you to make up for that loss.
But if you have a home insurance policy, you will get a large sum of money quickly and you will be able to rebuild your home because of that large sum.
Not only this, when you live in a rented house during the construction of your house, the insurance policy will also pay for it.
The conclusion is that if you have an insurance policy at that time, it will save you a lot of money if you ever have this incident. In my opinion, this is the biggest reason why you should and everyone should buy a home insurance policy.