- Low premium
- More assurance
- Everyone must take it
It is not enough to buy a house with hard earned money.. that house should be protected with insurance. In addition to home loan insurance, we must ensure our dream home to get protection from natural calamities, fire accidents and theft.
The owner of the house buys it with great effort. But when lives are suddenly lost, when permanent disabilities are obtained, or when fire hazards, thefts occur, all these are covered by home loan insurance. That’s why along with home loan insurance, each person should also take insurance for their home. In the market, there are many types of insurance policies available to protect our homes from various dangers. Depending on our needs and circumstances, we must choose the one that best suits our home.
Home loan insurance is one of the main policies available in the market. As much as possible, a loan is taken from the bank for the purchase of a house. That’s why experts suggest taking a home loan insurance policy. Due to this policy, if the homeowner who has taken a home loan dies suddenly or gets disabled in an accident, the insurance company will pay the remaining amount of the loan through this insurance. The current premium for home loan policies is around one percent of the total loan. So experts say that getting home loan insurance is not a big burden.
Another policy available in the insurance market is home contents insurance. This insurance protects in case of loss or damage of materials, appliances, and equipment in the home. In case of loss or damage to jewelry as well as appliances like TVs, Refrigerators, and ACs, the insurance is applicable depending on their market price.
* In case of damage to the structure of the house, if you want insurance, you can take a structural insurance policy. This policy provides insurance if the structure of the house is threatened during accidents like thefts and terrorist attacks. Roof, floor of the house, kitchen… wherever the structure is damaged, the compensation will be given in the form of insurance. Due to weather changes and other undesirable events including power short circuits, fire accidents have increased in recent times. A special fire insurance policy is available to protect against such accidents. However, real estate experts suggest that before taking any policy for the house, check the details like terms and conditions, features, and premium.
