Home insurance allows you to ensure financial safety from external dangers inflicted on your residential place. Home insurance provides all types of home insurance to save your finances in natural or man-made perils. A number of threats are covered in home insurance.
Covers Under Home Insurance
· Content covered - Home insurance allows you to cover the components of the home. For example, television, laptop, jewelry, AC, etc. are the components that can be covered under the home insurance.
· Structure covered - The construction cost of the home is covered under the policy. The total sum insured value of the home is offered to the insurer in case of perils.
The long term Home insurance provides you with a policy that will be given for a long term from the regular home insurance. Features of long term home insurance are: -
· The policy has a tenure of 1 to 10 years.
· Every year the value of the sum insured escalated by a fixed per cent.
· Different types of perils are covered under the policy.
· Loss of rent is covered under the policy.
· Rent for alternative accommodation is offered.
· Removal of debris is compensated.
· Cover valuable content.
· Personal accident insurance cover.
The mentioned are the best feature that one can avail of when he gets Home Insurance. We all know that home is a space that stores tons of movements with memories and it is not easy to reconstruct it with your regular income source in an unwanted event. So, it's better to take a home insurance policy to ensure the financial security of the house.
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