5 Features You Should Look for When Purchasing Home Insurance in India

1. 5 Features You Should Look for When Purchasing Home Insurance in India

2. Home insurance is a form of insurance that protects your home from a variety of risks and dangers. Since it is only now beginning to get a stronger foothold in the market, many are unaware of several aspects and features relating to it. If you are buying insurance for house, then an understanding of these aspects is important. To help you out, we guide you through 5 features you should look for when purchasing home insurance in India. 

3. 1. Coverage against natural and manmade disasters A well-designed plan for home insurance in India should ideally provide coverage against a variety of natural calamities like earthquakes, floods, cyclones, lightning, and so on. Apart from this, your home may also be at risk from several manmade perils such as riots, strikes, fires, theft/burglary, and so on. These disasters would be covered by your home insurance policy too. 

4. 2. Protection for your belongings When you buy home insurance in India, you get protection not only for your home but also for several belongings inside it. So, in case your electronic equipment, sanitary fixtures, domestic appliances, glass fittings, and so on suffer damage, the cost may be covered by your home insurance provider subject to the policy terms and conditions. Some policies provide coverage for any pieces of fine arts that you may have in your home as well. 3. Financial aid in case of third-party liabilities If somebody else other than your family gets hurt or suffers damage to their property while in your home or around it, you may be liable to provide compensation to the injured party. This compensation is referred to as third-party liabilities. Home insurance in India would not only help you with the financial compensation but also help you cope with the legal accountability in such situations. 

5. 4. Coverage for relocation If your home suffers damage due to a natural calamity or a manmade disaster, then there is a chance that you may have to relocate to another place for a while as it goes under repairs. Generally, when you have home insurance in India, it can cover the expenses that you will incur during this time too. So, if you are staying in a hotel or a lodge, you can rest assured as the charges for that will be paid by your insurance for house. 

6. 5. Coverage for your pet Your pet is an important part of your family and it is great when your home insurance provider feels that way too. There are several insurers in the market who do cover your pets in their home insurance policies. The coverage implies that if your pet suffers harm of any kind as mentioned in the policy, including accidental death, then you are eligible for financial compensation. Do bear in mind that the coverage of several policies of home insurance in India may differ from insurer to insurer. You are advised to read the policy documents carefully before signing.  We hope this article helps you chose the best insurance for house!

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