Insuring home is not a regular in our country, but ever you thought that what is the use of insuring home? What are the benefits of insuring a home?
Home Insurance in the form of Insurance that covers the financial protection of a home under any man-made or natural perils. As the car insurance works under the perils, Home Insurance has its own perils that are covered under it. Although home insurance is not mandatory by the Indian government, this helps you to fulfill finances after the calamities.
Who can purchase Home Insurance
· A property owned by you.
· A home that is under the agreement and occupied by you.
· The authorized occupant of the home.
· A structure occupied by a tenant with a written agreement.
· A tenant, an employee or licensee
The article can be covered under this policy
· Owner of the article.
· Articles purchased, under installment, hired, leased for a certain period can be covered under the insurance.
· Apart from the written contract, you will be responsible for the articles. A tenant, lessee, licensee or employee can purchase the Home Insurance.
Benefits of Home Insurance
· Give complete coverage, building, and content
· Protect attached structures
· Protect your valuables
· Liability coverage
· Reduces the level of stress
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