Haven’t taken home insurance yet? Earthquake-fire coverage is available to everyone, know how much is the premium.
Nowadays, earthquake tremors are being felt every few weeks. Have you ever thought that if your house gets damaged due to this, how much loss will you incur? And what about the stuff kept in the house, that too will get ruined. However, not only disasters like earthquake, cyclone or flood are a threat to your home, but fire is also a matter of great concern. In metro cities, tall skyscrapers are seen everywhere. In such a situation, you cannot even imagine how big the danger of fire can prove to be.
According to an estimate, more than 5000 fire incidents occur every year in Mumbai alone. 70 percent of these incidents occur due to electricity. More than 2500 fire incidents occur every year in Delhi and Bengaluru also. In such a situation, it is important that you get your home insured. Now the question arises that how to get home insurance?
How to get home insurance?
Taking home insurance is exactly the same as taking any other insurance. First of all, you will have to go to the website of a company providing home insurance or go to the website of a company that compares various companies. There you will have to tell the price of your house and the area in which the house is built, along with the value of the items kept in the house. After this you will get to see plans of different companies there. You can take the one which suits you better and which covers more things.
How much money does it cost?
The premium for home insurance will depend on the value of your home and how big it is. It will also be seen how much worth of goods are kept inside your house. Suppose your house is worth Rs 50 lakh, is built in around 1000 square feet and has furnishings worth around Rs 10 lakh. In such a situation, you may have to pay a premium of Rs 100-130 per month for home insurance.
Which incidents provide coverage?
Home insurance provides coverage against events such as fire, explosion, lightning, earthquake, volcano, storm, cyclone, flood, landslide, riots or hunger strikes, terrorism, damage caused by automatic sprinklers, theft, etc. . At the time of taking insurance, make sure to compare the coverage offered by different companies.
keep some things in mind
When you go to get home insurance, you have to keep some things in mind. Let us know about them.
First of all, you should see what is covered in home insurance. It may be that the insurance company is not providing protection to your home from natural calamities and you are thinking that everything is covered.
When you get your home insured, the correct price of everything has to be given with proof. Provided that the price of your house, the cost of all the household items along with their bills etc. have to be paid.
Whatever you have in the house, declare everything in the insurance. Do not leave any item in the name of low premium, otherwise you will suffer loss if any untoward incident happens.
Keep checking the list of all the household items given by you while taking home insurance, so that any changes in it can be applied.
Also check how much cost is being covered for different problems. Some companies do not provide 100 percent coverage. Provides less coverage on many items, such as household items. So keep all this in mind when you compare home insurance.