Why protect house property and contents? There is no place like Home, it’s our most valued possession and our heaven on earth. Few things in life matter as much to us, as our home does. After all, it’s the heart of our family, our possessions, our priceless investment, and our memories. From a long-term perspective, […]
Home Insurance
Putting the spotlight on home insurance
Published in Mint on 1 July 2015, Written by Kapil Mehta A friend owns a house in South Delhi where she has regularly paid insurance charges to the maintenance agency. Last year her home was gutted by a fire. The insurance claim of Rs.20 lakh was denied on two counts: the insurance had been bought […]
Valuables for Home covered under Burglary Insurance
If you have burglary insurance, you can get financial protection against loss or damage caused to your valuables. In burglary insurance for a home, valuables include= Gold, silver, or any other precious article or metal which are made from precious metals Jewelry, watches or precious metals, stones or stamps, collection of stamps, rare books, medals, […]
Your home insurance should provide these 5 coverages
Buying a home is expensive. Homebuyers often avail of bank loans and end up spending most of their savings on repaying the amount. So, where will you get the extra funds to repair or rebuild your house? Home insurance policy offers certain coverages that benefit homeowners in case of losses. Some of the common threats […]
Top 5 coverage you should look after while buying home insurance
Buying or building your own home is no mean task. It involves your time and money, especially a lot of money, which you would have toiled night and day to accumulate. You might even have availed of a home loan to supplement your savings so that you can buy your own home. Repaying the loan […]
How are home insurance premiums calculated?
Home insurance plans usually have affordable premiums. The premium calculation process to is quite simple. Let’s understand the process to calculate home insurance premiums and the factors that determine the rate. Type of policy Home insurance policies are of three types – structure insurance, content insurance, and comprehensive insurance (which combines structure and contents). The […]
The key points one should consider while buying a home insurance policy
A home insurance policy protects you and your house against unforeseen calamities. The need for home insurance is increasing due to various factors. Rising property values, increased occurrences of natural disasters, and a growing awareness of the financial risks are the key contributors. Also potential damages or theft have led homeowners to seek protection for […]
Does higher sum insured guarantee a higher claim settlement under home insurance?
Does a higher sum insure guarantee higher claim settlement under home insurance? No, a higher sum insured doesn’t mean you will get a higher claim settlement. On the contrary, there have been instances when a home insurance company has refused to settle a claim despite the sum insured being high. The amount settled could also […]