Home Insurance for New Home Buyers Like health and life insurance, taking home insurance has also become necessary in today’s time. Usually, the premium for home insurance of Rs 10 lakh comes to two to three rupees per day.
In today’s time, the prices of houses are increasing rapidly. Because of this, if something happens to your home, you may have to face a big financial loss. In such a situation, taking home insurance is a wise decision. Home insurance covers damage to your home due to natural calamities as well as theft etc. For this reason, it can be a good decision to take home insurance along with buying a house.
While taking home insurance, we must take care of some things, about which we are going to tell in this report.
Understand the types of home insurance
There are two types of home insurance. First – Building Insurance and second – Contents Insurance. Building insurance covers physical damage to the house. On the other hand, contents insurance covers the damage to the items kept inside the house.
insurance coverage
Coverage is very important in home insurance. You should choose the insurance coverage based on your home and the contents kept in it. Home insurance is usually very cheap. The premium for home insurance with a cover of Rs 10 lakh ranges from Rs 2 to Rs 3 per day.
Compare Home Insurance Policies
You should always compare the plans of different companies while taking home insurance. You should always focus on features than premium.
Read the limits
Like other insurance policies, home insurance also comes with various limits. In such a situation, you should read these limits carefully, so that you do not face any inconvenience in claiming in future.
Review
From time to time, they keep making changes in the houses according to their wishes. In such a situation, after taking home insurance, you should review it from time to time and see whether your home insurance is sufficient according to the cost of the existing house or not.
New LIC Policy! Get Rs 48.5 lakh by depositing just Rs 71 daily, know in detail ..
