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So that we know what to call you.
We'll send your policy copy & important updates to this number.
In India, several insurance companies are offering various home insurance plans. Some common home insurance plans include home insurance for homeowners, housing society, and tenants. So, you must choose an insurance plan according to your requirements and the condition of your home. To make you understand, here is list of common inclusions and exclusions in a standard home insurance policy in India.
To fulfil each individual's varied demands, various home insurance companies in India offer a broad range of home insurance plans. Also, to get the best policy according to your needs, searching thoroughly and buying home insurance online is always suggested.
In the below paragraphs, we have explained the most popular home insurance inclusions offered by the top home insurance companies of India:
This home protection cover offers coverage against fire outbreaks and special perils. All kinds of house owners and tenants can buy this plan. In this home insurance online plan, the sum insured is calculated based on the cost of reconstruction of the building.
Some other risks included in this area:
A home structure cover is also known as a home building insurance plan. This cover protects your building from different kinds of risks.
Some of the inclusions in this area:
Public liability coverage protects if any guest or third party causes damage to the insured property. This cover protects you against the liability to compensate for the physical harm caused to your insured house by any third party.
This type of cover offers financial protection for you and your family in case of an accident that might lead to physical injury, permanent disablement, or fatal death.
It gives you cover in case of burglary or theft in an insured house. It includes personal belongings that are stolen or damaged.
Content coverage refers to heavy possession inside the insured house and requires protection. Including this cover will protect the goods inside the insured home. This includes items like televisions, refrigerators, and other electronic devices. Your important documents are also covered under it.
Moreover, it helps you when you replace the interiors of your house in case of any mishaps, including floods or house fires, which lead to a massive breakdown.
As a tenant, you can also buy a home insurance plan for your rented house. The best option for you will be to protect the contents instead of opting for the building cover. This option is available for all the tenants who live in a rented place. Also, it is essential as a tenant to protect your contents if you are residing in a rented house.
As a landlord, you must keep your rented house secure. The standard home insurance policy usually does not fulfil all landlord requirements. That is why if you own a house and keep it for renting purposes, you must look for landlord coverage in your home insurance policy, as it will cover things like loss of rent and protect public liability.
A home insurance policy does not cover certain risks that might damage your house's structure and content. Below, we have mentioned a list of exclusions in your home insurance policy:
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Final thoughts!
Buying a house comes with a big responsibility, and you must protect it from all risks under any condition. Before buying a home insurance online, it is suggested to search the plans on the internet, compare plans offered by different home insurance companies. For this, you can visit Policybazaar.com to compare & choose a property insurance online which is accurate for your home structure and gives you comprehensive coverage.