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 […]
Home Insurance
The key points one should consider while buying a home insurance policy
A home insurance policy protects you and your house against unforeseen calamities. However, while buying a home insurance policy there are certain aspects that one needs to keep in mind. Let’s take a look at the key points one should consider while buying a home insurance policy – Type of Coverage Home insurance has two […]
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 […]