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Looking To Protect Your Home: Have You Considered Property?

Posted by Royal Sundaram on 28 Aug 2018


Our home is our biggest achievement. We save for years and some of us take loans to become a homeowner. Once we are, the most important step is to ensure adequate protection for our property.

Any damage to home or property burns a huge hole in our pockets. The best and affordable way to protect our homes is with property and casualty insurance. An insurance plan designed to protect our property and contents within.

While there are many firms selling property insurance in India, Here is a short guide to explain this insurance and make your choice easier.

  1. There Are Two Types

With property insurance; there are two types—a basic fire one and a comprehensive policy. While the basic one will cover your home against fire and other allied perils such as flood and lightning, it makes sense to purchase a comprehensive one which covers a host of scenarios for your building and contents within.


  1. Comprehensive Plan’s Coverage

When one buys this plan; their home is protected against a host of causalities. Here are some of them:

  • Fire, lightning
  • Riots, Strikes
  • Storms, Cyclones, Hurricanes
  • Earthquake and Landslide
  • Bursting of Water Tankers, Pipes, Apparatus, and Pipes
  • Repairs or Alterations to Building and Premises
  • Burglary


  1. Length of Cover

You have the power to choose the length of your cover. It could be the regular one-year or go all the way up to 20 years. A long term cover is an apt choice because you are safe from annual renewal hassles and your home is insured for a long time.


  1. Escalation Benefit

A useful offering, it helps increase your sum insured by 10% each year. This is to ensure your base sum insured increases and stays level with increasing inflation and construction costs.

  1. Add-ons

Any insurance policy’s effectiveness can be increased with add-ons. For instance, you can avail the ‘Rent for alternate accommodation’ add-on to pay rent at an alternate accommodation when your original premises is deemed unfit for occupation because of a certain peril.


Property insurance is the way to go when it comes to securing your home against various perils. Conduct a lot of research before you choose an insurance policy to buy.

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