As Indians, we have seen the adverse effects of natural calamities like earthquakes and floods. We all remember the 26 July floods in the state of Maharashtra. Since then, people have continued to be seriously impacted by the widespread disruption caused by the heavy rains across different parts of the country. With home insurance coverage, you can safeguard your house and cover financial losses even amid such catastrophes.*
Experts advise homeowners and renters to consider getting home insurance because natural calamities are wrecking devastation in many parts of the nation. Comprehensive home insurance coverage can help policyholders preserve their homes from various calamities and protect them from natural and man-made losses. It is necessary to consider all its qualities before choosing, especially in the present. Additionally, be fully aware of all the benefits before purchasing home insurance to prevent consumers from being caught off guard.*
In addition to what is covered by a home insurance policy, choosing add-ons with a policy will greatly assist policyholders, depending on their needs, if necessary. Home insurance often includes add-ons such as theft, burglary, key loss, liability, breakdown, temporary relocation, jewelry, rent loss, and terrorism coverage.* Remember that add-on coverage is intended to assist consumers in other areas where a home insurance policy can fall short. Choose only the house insurance add-ons you believe will suit your needs and situation.
Add-Ons*
With add-ons, certain things that aren’t covered by a basic policy can be covered. For instance, add-ons cover valuables like jewellery, extra electronic gear, and other items typically excluded from the pedal cycle’s terrorism coverage, etc. However, remember that policyholders must pay extra money in addition to their home insurance payment to receive the add-ons.
Several Common Add-Ons And Their Advantages Include:*
- In the case of a burglary or theft, this coverage will pay for any losses or damages to the policyholder’s home and personal property.
- Pedal Cycle Cover is an add-on designed for cyclists who enjoy going on bicycle excursions. Thanks to this add-on cover, the policyholder can continue their trip without being concerned about any third-party liability relating to the pedal cycle. Additionally, covered by the add-on is damage to the policyholder’s cycle.
- The liability coverage covers any third-party liability costs that the policyholder has incurred in addition to any medical obligations caused by harm to domestic help or any other third party.
- All-risk jewellery coverage is provided for the policyholder’s jewellery. This add-on covers jewellery loss both inside and outside the policyholder’s residence.
- Domestic electrical and electronic appliances are covered under the electrical or mechanical breakdown cover. If one of these appliances breaks down, this will cover any repairs and services requested by the policyholder.
- Domestic electrical and electronic appliances are covered under the electrical or mechanical breakdown cover. If one of these appliances breaks down, this will cover any repairs and services requested by the policyholder.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
