Home insurance calculator is an online facilitation tool that enables homeowners to check the premium amount for a home insurance plan. It helps them to get an estimate of the premium amount payable for buying insurance for their homes. It also allows them to check the premium payable under various home insurance plans and compare them. Thus, the home insurance premium calculator is a tool that allows homeowners to know the amount of premium they are likely to pay to get their house as well as its contents insured.Read more
Protect your house from calamities & valuable contents from thefts starting @ ₹125/month*
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Easy Claims Process
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*For 50 lakhs Structure Value
Buying a house is one of the biggest investments you make in your lifetime. This makes it important to protect it for any kinds of risks with the help of home insurance. Before you select a home insurance plan, make sure to utilize the benefits of using a property insurance calculator. Turns out, a home insurance premium calculator is more useful than you realise. Some of the most lucrative benefits of using home insurance calculator are given below:
A property insurance premium calculator is very easy to use. The process involves adherence to a few steps given below to get an estimate of the home insurance policy. Take a look:
A property insurance premium calculator requires a few details to estimate the cost of a home insurance plan. The information required may vary in the case of owned property and rented property. Here is a list of information that you need to keep handy while using a home insurance calculator for both owned and rented properties:
Several factors determine the premium of a home insurance policy. Here is a list of all the factors that affect the home insurance premium below:
No. If you are staying in a rented home, you can only get the contents of the house insured.
The cost of a home insurance policy depends on various factors, such as the type of coverage, age of the property, location of the house, coverage amount, etc. You can check the cost of different home insurance plan using a property insurance calculator before buying a plan.
The coverage amount or the sum insured for a home insurance plan depends on the cost of the building and its contents as per the coverage type. Use a property insurance calculator to get an estimate of the home insurance coverage that you need to optimally protect your house from any risks.
Following are some of the ways of reducing your home insurance premium:
No. Home insurance cover is not equal to the amount you paid for buying the house. This is because the purchasing price includes the price of the land. But in case of rebuilding the house, you won’t have to pay the land cost again. Thus, home insurance cover should be equal to the construction cost of the building and the value of its contents.