• What is Home Insurance?

    • Home Insurance provides coverage for the loss or damage to your personal property and possessions against natural and man-made calamities.
    • Natural - Fire, Storm, Earthquake, Tornado, Cyclone, Flood, Landslide, Lightning
    • Man-Made - Fire, Burglary, Theft, Aircraft Damage, Malicious Damage, Terrorism, Strike, Riot, Explosion
    • However, what is covered and what is not, varies from company to company and plan to plan. For instance, many home insurance plans exclude Terrorism, Strike, Riot, Explosion.
      There are 3 insurable components in a Home Insurance – the structure (building), the contents (material assets) and people (family members and third party). You can get a specific coverage either for the structure or the contents of your home. You can also opt for a comprehensive coverage that includes both the structure and the contents.
  • Why do I need to buy a Home Insurance?

    • Disasters are unwelcome guests who don’t knock twice before intruding in your home, sweet home. It is always good to be prepared beforehand.
      Moreover, when you apply for a loan against property, the financer always prefers that the property is insured against potential loss or damage. Getting a home insurance plan will help you ease out the approval of such loans.
  • What contents should I ideally get covered in my policy?

    • You should get coverage on the following contents:
    • Expensive belongings
    • Electronic goods such as laptops, televisions, etc.
    • Precious goods like gemstones, jewelry, etc.
    • Appliances such as washing machine, refrigerator, kitchen appliances
    • Furniture
    • Furnishing Items
  • What is not covered under Home Insurance?

    • Willful destruction of property
    • Loss, damage or destruction caused by -Negligence, wear and tear, civil war and nuclear weapons