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No one has control over natural disasters like earthquakes and flood. The loss caused due to such disasters can be compensated by taking home insurance. Most people do not have much information about this. Know here how it protects you from financial loss.

No one has control over natural disasters. Every day we get to hear news of earthquake and flood in many cities of the country and the world. Recently on July 11, earthquake tremors were felt in some places of Delhi-NCR, Haryana. Yesterday, late night on Wednesday, mild tremors of earthquake were felt in Rohtak, Haryana. At the same time, the effect of torrential rains in the monsoon is also visible in many places.

The rivers are in spate, due to which there is a danger of flood in many places. In these situations, if your house suffers any kind of damage, then how will you compensate for it? Have you ever thought about this? In such situations, home insurance becomes helpful for you. Getting home insurance is not mandatory, but it is becoming necessary in view of natural calamities. Know what are its benefits.

There are two types of home insurance

There are two types of home insurance. One is the security cover of the house and the other is the security cover of the goods kept in the house. Home insurance is called Structure Insurance Cover. If the house is damaged due to natural disasters like flood, earthquake, fire and lightning or due to reasons like theft, robbery and riots, then structure insurance is helpful in this situation.

The other is Content Insurance. It gives coverage to the goods kept in the house like electronic products, furniture, jewelry and other valuables. If you want coverage of both the security of the house and the security of the goods kept in the house, then you can also choose the option of Comprehensive Home Insurance. In this, you will get the coverage of both together.

Understand why you should take home insurance

It is not mandatory to take home insurance, but the way cases of floods, earthquakes, landslides come up from time to time in various parts of the country, houses get damaged a lot. In such a situation, comprehensive home insurance can be very useful. Home insurance can be very helpful in places where the risk of natural disasters is high. Apart from this, situations like fire, lightning, theft, robbery and riots are also covered in it. In such a situation, it can prove useful for everyone.

How much is the premium

Before choosing any kind of plan, it is important for you to know what your need is? Any plan should be chosen according to the need. If you are not able to understand this, then you can also take advice from a financial expert or insurance agent in this matter. They can suggest the best plan for you after properly assessing your situation, house and location etc. The premium is determined according to your needs.

FAQs

1. Can tenants also take home insurance?

Yes, tenants can take content insurance cover to protect their belongings.

2. Does home insurance cover the land of the house?

No, home insurance only covers the cost of the construction of the house, not the value of the land.

3. What is not covered in a home insurance policy?

Normal wear and tear, intentional damage, damage caused by war and uninformed changes in the house are usually not covered.

4. How long does the claim settlement take?

Usually after submitting all the documents, the claim is usually settled within 15 to 30 days.