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Home Insurance That Suits Your Need


​​​Whether you live in a flat, bungalow or a rental apartment, it is important to understand the ins and outs before deciding on which home insurance policy fits your needs.

Here we try to touch on the specifics of some aspects of house insurance and help you understand the particulars of the same.

Home insurance: If you are a proud owner of a house, then you would definitely wish to secure your property and the contents in it. To make up for a loss against something like fire, wreckage or theft, you can opt for a standard home insurance policy. This kind of insurance plan makes good to losses incurred to both - your house and valuables.

Tenant insurance: If you don’t own a house but live in a rental apartment, you might not feel the need of house insurance. However, if an unforeseen incident causes damage to any part of the house, it will be you who would have to pay the expenses of repair. Therefore, in order to help yourself from falling in such unplanned financial conditions, opting for a tenant insurance might be a wise decision.

As a renter, your insurance plan can offer protection against Sewer Backup and Earthquake. In case you may wish to add extra cost for contents in your home, such as jewellery, cameras, computers, etc. you can always check with your insurer for the same.

Property insurance deductible: While you are applying for a claim, you must be aware of the fact that the initial part of the claim has to be beared by you (a small portion), following which your insurer pays the remaining amount. This sum of money paid by you is called your deductible. The higher is your deductible, the less will be the cost of your house insurance premium.

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