Home Insurance: Home Insurance will compensate for damage to your home in a disaster like an earthquake..

On Monday morning, people were terrified due to the earthquake in Delhi-NCR. This is not the first time this has happened. Even before this, tremors of earthquakes have been felt in Delhi. Natural disasters like earthquakes, floods, and landslides can occur anytime and anywhere. Due to these, there is a lot of damage in many places. Many times entire buildings collapse. If your house suffers any damage due to such disasters, then home insurance compensates for it. Nowadays people have become very aware of home loan insurance. But they are not interested in home insurance. Here know all the benefits of home insurance and other important things related to it.

There are 2 types of home insurance.

Home insurance is of two types. 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 coverage. If the house is damaged due to natural calamities like flood, earthquake, fire, and lightning or due to reasons like theft, robbery, and riot, then structure insurance is helpful in this situation.

The second one is Content Insurance. It provides coverage to the items kept in the house like electronic products, furniture, jewelry, and other valuables. If you want coverage for both the safety of the house and the safety of the items kept in the house, then you can also choose the option of Comprehensive Home Insurance. In this, coverage of both will be available together.

Why should one take home insurance?

It is not mandatory to take home insurance, but the way cases of flood, earthquake, and landslide come up from time to time in various parts of the country, houses get damaged a lot it. In such a situation, comprehensive home insurance can be very useful. The latest example of a landslide these days is from Wayanad. 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. The purpose of home insurance is to secure your capital in difficult times.

How much is the premium

Before choosing any kind of plan, you need 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 properly assess your situation, house and location, etc. and suggest the best plan for you. Its premium is determined according to your needs.

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