Home is your haven and the most precious possession, full of memories and comfort.
It is the only place in the world where you feel safe and which is full of memories and comfort.
When you build your home you take all the measures to make it secure. From installing sophisticated locks, electronic alarms, fire extinguishers, carried out a thorough police verification of the maids and servants to protect your dwelling in the best manner.
Home is likely your major financial and emotional investment. Despite your best effort to take security protection measures, it is also open to natural disasters, burglary, vandalism, and liability from injuries suffered on the property. In order to shield your home from such financial risk, you will most likely want to buy the proper level of home owners insurance.
Home Insurance insulates your home, its contents, and, also your other assets in the event of fires, theft, accidents or other disasters. A standard policy will also protect your possessions from said disasters as well as theft. But, there is a limit to how much you will be compensated. If you have specific items of value, such as jewelry or artwork, you can pay a little extra each year to insure them for their full replacement value.
Types of Home Insurance Policy:
1. Policy to cover Building
2. Comprehensive Policy
3. Package Policy
This story is from the April 2017 edition of Investors India.
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This story is from the April 2017 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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