A lifetime savings get invested in the making of our home, that a loss or a damage to it would leave us not only financially affected but also emotionally broken. An insurance protection can help in the former, by financially indemnifying us for the loss and destruction. Insurance covers for home can be as simple as covering the building structure to a very detailed one covering the furnitures, electronics, jewelery and if needed even mobile phones and cash withdrawn from the ATM.
It is not a very common cover, but an important insurance to have.
A few important covers in home insurance
- A cover against fire and allied perils including flood and earthquake for the contents as well as the building structure. It will compensate to reinstate the entire structure incase of destruction due to an insured calamity.
- A burglary and theft cover to protect various belongings at home.
- A cover for electronics and all kinds of equipments against any kind of loss whether breakdown, breakage, fire or theft
- Loss of jewelery due to burglary, theft, breakage or any kind of calamity, even while in use
Things to keep in mind
- Ensure the value of the building structure and contents are derived as per new construction or replacement cost
- Update all new purchases in the policy
- Maintain valuation reports or details of bills for the jewelery
For a further detailed understanding and explanation do please call us for a personal interaction on 022 4302 0000 or marketing@probitas.in