Like any other insurance in our lives, ‘home insurance’ today has attained great importance in the realm of real estate. By definition, it refers to a ‘property insurance covering a private residence which can include losses occurring to one’s home, its contents, loss of personal possessions of the inhabitants as well as accidents that may occur at the home or the hands of the homeowner’. Some of these policies even cover reconstruction costs, including charges to hire professionals such as architects, engineers, surveyors, etc.
Home insurances are valid for a specific period after which they will need to be renewed, to continue to enjoy the services. The premium amount for an old property is more than what it usually is for a newly-built one.
Home insurance is broken down into several branches: reputed companies offer various types of policies like Building Insurance, Content Insurance, Landlord’s Insurance, Personal Accident Cover, Public Liability Coverage and many others.
Benefits of having a comprehensive home insurance
Let us enumerate some of the major benefits that home insurance provides the property owners with:
PROTECTION AGAINST UNFORESEEN CALAMITIES OR SITUATIONS
A comprehensive home insurance policy saves the homeowner from emotional and financial distress in case of any damages arising out of any natural calamities like earthquakes, floods, lightning, etc. It also protects against man-made disasters like thefts, burglary or vandalism.
COVERAGE AGAINST FIRE
Unfortunately, the most common cause of home damage is a fire that can wreak havoc with human lives and property. The causes are manifold ranging from short-circuiting to human negligence. Most home insurances offer extensive coverage against damages caused by an outbreak of fire.
COVERAGE AGAINST DAMAGE TO PRECIOUS POSSESSIONS
All of us spend a lot of money as well as effort to decorate and equip our homes in the best possible ways. A home insurance policy not only covers external damages to the house but also protects the valuable articles and internal contents of your home. These include coverage for valuables like jewellery, furniture, electrical gadgets and much more.
COVERAGE FOR TEMPORARY LIVING EXPENDITURE
Owing to unfortunate incidents, houses often undergo severe damage which merits renovation and rebuilding. During the rebuilding phase, the homeowner usually has to rent out another accommodation, which adds to the financial burden. A good insurance policy will cover this rent amount as well, which works out to be hugely advantageous in such a situation.
GIFT YOURSELF A POLICY TODAY!
Considering the above, it thus becomes highly imperative to invest in a comprehensive home insurance policy to take a smarter step towards a more responsible and secured life. Not only do you insure yourself and your family, but it is also critical for your peace of mind and protection against any unforeseen situations!
Arrjavv: Providing you with the best
Whether you are considering buying a commercial property or a new home, Arrjavv, as a doyen in the world of real estate, ticks all the right boxes when it comes to meeting the needs of the modern buyer. The Group has created a niche for itself in Kolkata as well as its outskirts for creating top-notch homes and commercial spaces. It has earned a reputation of standing out in a crowded market with an unmatched ability to select locations and develop them in a way that optimizes its geographical attributes. With skills acquired since the inception of the organized Indian real estate, the Group has pushed the envelope and consistently marvelled all its customers by gifting them with life-changing homes and smart commercial spaces.