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Ways to Compare Home Insurance Companies Online

Any loss or damage to your house could depress you financially and emotionally. That is why home insurance companies are offering different types of home insurance plans to protect your house from several risks.However, with the number of home insurance companies available in the market, choosing the right one might be difficult for you.

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Why Choose Home Insurance Plan?

Your house is the most precious possession that needs to be taken care of well from various risks and forces like natural calamities or man-made disasters. 

Hurricanes, hail storms, forest fires, robberies, burglaries, accidents, etc. are some unexpected events that can cause severe damage to your house. 

Therefore, to protect your house from such unforeseen events, a home insurance policy assists you. 

9 Tips to Compare Home Insurance Companies Online 

To choose the right investment plan, first, you need to find the right insurer. As a responsible homeowner, you must have the right home insurance policy that gives you considerable coverage at the minimum premium. 

Below we have penned down some significant tips for choosing the right home insurance company for you-

1. Consider the History  of a Home Insurance Company 

Shortlist the prospective home insurance companies from the internet. Do well research on them. Never stick to one or two companies, instead make a list. Take general feedback about their products and services from their customer feedback and reviews.

Also, you must know their history with the help of the claim settlement process. Go to their social media page, customers' feedback must be there regarding the pros and cons of the policy. This will give you a direction on where to invest your hard-earned money. 

2. Compare Coverage & Premium Amount 

When deciding the type of insurance policy, you must be specific about your coverage. So, before you make the final decision, compare various plans' coverage along with the premium amount.

Moreover, you can check it on Policybazaar.com where you can compare different plans according to your budget, needs, coverage, and premium. After all, these things will be a part of your future expenses, and make sure it is within your budget. 

3. Check the Claim Settlement Turnaround Time 

The purpose of any insurance policy is to raise a claim against damages, without any struggle. Dealing with the loss of the home structure or its valuable content can be a disaster.

So, to avoid this situation, you must check the claim settlement process before finalising the insurer. A quick and hassle-free settlement process shows how efficient a home insurance company is. Thus, it should be your priority, and you must make your investment worth it. 

4. Know Your Coverage Needs 

Each type of homeowner or home structure has its own need. It is better to know what type of coverage you want. Also, home insurance policies are offered based on homeowners and tenants, so choose a plan accordingly.

Also, you must find a plan as per the geographical location of your house, for example- if you are living in an earthquake-prone zone, you must prefer a plan which includes cover against natural disasters. 

5. Always Pick Online Quotes 

You must be aware that insurance policies are also available on the internet. Rather than finding an agent, you should hunt for quick online quotes. Here you do not have to pay a commission to the agent, and also you have multiple options to choose from. You can compare and get the best deal with the maximum benefits.

6. Choose Deductibles While Calculating Premium

While calculating the premium amount, you should also consider the cost of deductibles. The higher the number of deductibles in your plan, the lower will be your premium amount. So, choose your deductibles wisely. 

7. Ask for Quick Quotes from Existing Insurer 

If you are planning to renew an existing plan, or you have already bought any other plan, like health or motor insurance, the best thing is to ask for quick quotes from them. Many insurers offer you a loyalty discount for purchasing different plans from them. Therefore, do not forget to miss them while collecting quick quotes from other insurers. 

8. Check Customer Care Service 

Just like a claim settlement process, the customer care service is also a significant player in knowing the efficiency of a company. You must ensure the pre and post-sale service offered by an insurance company.

To confirm this, check their customer feedback, this will help you gather some practical insight about a brand. Also, you will be sure about their services and can raise any query without any doubt.

9. Choose Independent Agent 

In case, you are sure about buying a home insurance policy online, go for an independent agent. Never pick a captive agent over the independent ones. An independent agent offers you multiple insurance plans by different insurers. Therefore, you will have a choice to compare and choose between them. However, it is advised to buy a home insurance policy online. 

Concluding 

While purchasing a home insurance plan, provide the complete details, address and location of your house. Do not forget to evaluate the value of the home structure and its content. Moreover, you must choose the adequate sum assured or IDV to avoid hassles during the claim settlement.

If you have any query-related technical jargon mentioned in your home insurance plan, connect with your insurer immediately. Do not miss any of the above-mentioned tips to find the best home insurance company for you.

Written By: PolicyBazaar - Updated: 25 April 2022
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Reviews & Ratings

4.4 / 5 (Based on 120 Reviews)
(Showing Newest 10 reviews)
Virendra
Bokaro, July 26, 2022
Coverage for natural calamity
I was looking for an insurance policy that provides me coverage for natural calamity. Since my house is located near a river and it floods my area in the rainy season. So i went on the Policybazaar website and particularly look for this coverage found the exact plan that provides this coverage.
Sunil
Bilaspur, July 26, 2022
Premium Calculation
I was looking for a home insurance policy online. I stumblled upon the Policybazaar website and it is one of the best online platforms to purchase home insurance policy. I learned about the insurance plan i wanted to purchase and after choosing the plan and add ons i could calculate the premium using their online premium calculator. Thanks Policybazaar.
Manish
Bikaner, July 26, 2022
Natural Calamity cover
I have recently purchased a flat and wanted to cover it with a home insurance policy. I was aware of the Policybazaar website so i thought i should give it a try. I went on their website and as i wanted to cover my flat with a natural calamity cover specifically i searched for it and without wasting a minute it showed me the natural calamity coverage.
Mohit
Amritsar, July 26, 2022
Enough coverage
I was looking for a home insurance plan online. I was fed up as i have to visit different websites to look for a single suitable insurance plan. However, i stumbbled upon Policybazaar website where i was able to find the right insurance plan that could provide me enough coverage.
Sahil
Bareilly, July 26, 2022
Nice customer service
I wanted to purchase a home insurance policy and a friend of mine suggested to purchase it from Policybazaar. I bought the policy and after that i had a confusion regarding exclusions so i called up Policybazaar customer care and they cleared out the confusion and i loved their customer service.
Jitendra
Ajmer, July 26, 2022
Qiuck claim
I purchased a home insurance policy recently. However, due to a natural calamity, my house was damaged as the pressure of the water because of flood broke the enterance door of my house. But the insurance plan that i bought got me covered and i as able to get the quickest claim possible.
Prashant
Delhi, July 26, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension free now.
Sharad
Kolkata, July 26, 2022
Wide coverage
The home insurance plan that i purchased from policybazaar's website is a great plan that provides me coverage for not only the structure but also cover several expensive content of the home such as paintings, mobile phones, laptops, television, etc.
Ravi
Ahmedabad, July 26, 2022
Suitable insurance plan
I purchased the group health insurance policy from Policybazaar website. First of all, i did not have to wander much online while lookig for a home insurance plan that fits my requirement and i found the suitbale home insurance plan by comparing different plans on the website.
Yashashvi
Amritsar, June 09, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension-free now.
  • Disclaimers+

    #Savings of 28% are based on the comparison between the highest and lowest premiums for a pucca building with sum insured of >₹ 1 crore at Delhi, for property age less than 5 years and policy term of 11 years.

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