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A Beginner's Guide to Home Insurance

10 December, 2015

Every home owner recognizes the importance of protecting his home against the numerous risks it is susceptible to. People often invest in numerous security systems to ensure the safety of their home. However, these safeguards may not always suffice as there are limits to the protection they offer.

The best way to protect against such dangers is to get home insurance. Naturally, it is important to be acquainted with certain basic concepts before getting your home insurance. So here’s all you need to know before investing in a Home Insurance plan.

What are the Different Types?

When it comes to insuring your home, there are two different types of plans that you may invest in as per your needs and preferences. Standard home insurance or building insurance only provides cover to the physical property and premises.

On the other hand, you need an additional policy for cover for your possessions and contents within the house. These may include a range of objects such as household appliances, furniture, clothing, and jewelry.

What Hazards Does it Cover?

Getting your home or your belongings within it insured gives you cover against a number of potential risks and hazards. These may include natural disasters such as earthquakes, landslides, floods, hurricanes, and so on. Damage caused by man-made disasters such as riots and strikes are also covered. Your home insurance plan will also cover losses incurred due to fire accidents, thefts, and house-breaking among other risks.

Now that you are well acquainted with the basics of getting your home insured, buy your home insurance online from Royal Sundaram. You can secure your possessions with a maximum cover of Rs. 11,50,000, and avail numerous other benefits with theHome Content Insurance policy from Royal Sundaram.