{"id":21959,"date":"2020-09-09T11:48:51","date_gmt":"2020-09-09T06:18:51","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=21959"},"modified":"2023-06-09T12:04:06","modified_gmt":"2023-06-09T06:34:06","slug":"home-insurance-shield-your-home-now","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/home-insurance-shield-your-home-now","title":{"rendered":"Home Insurance &#8211; Shield Your Home Now"},"content":{"rendered":"\r\n<p class=\"has-drop-cap\"><em>Natural calamities, crisis-like situations, burglary, or theft can cause a huge amount of destruction to your property and put you at a loss. By protecting your investment with a Home Insurance, you can save yourself from an enormous financial setback.<\/em><\/p>\r\n\r\n\r\n\r\n<p>Your home is more than just a roof over your head. It\u2019s the place where you relish, rejoice, unwind, and make memories of a lifetime. No place in the world can ever replace the comfort of being at home. Most of us put in our whole life savings to build a home of our own. This is why it is most important to protect your life\u2019s valuable asset with the right home insurance policy.<\/p>\r\n\r\n\r\n\r\n<p>Home Insurance is a necessity to protect your home and possessions against any kind of damage, be it natural or man-made. While you are planning to invest in a Home Insurance, let us help you answer some basic questions related to it.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"360\" height=\"260\" class=\"wp-image-22076\" src=\"https:\/\/www.squareyards.com\/blog\/wp-content\/uploads\/2020\/09\/shutterstock_196921499-1.jpg\" alt=\"\" srcset=\"https:\/\/www.squareyards.com\/blog\/wp-content\/uploads\/2020\/09\/shutterstock_196921499-1.jpg 360w, https:\/\/www.squareyards.com\/blog\/wp-content\/uploads\/2020\/09\/shutterstock_196921499-1-300x217.jpg 300w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>What are the Benefits of Home Insurance?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>A Home Insurance Policy gives you financial security. Moreover, you can rebuild your damaged home or replace the contents of your home with the compensation paid by the home insurance policy.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">What does it Cover?<\/h2>\r\n\r\n\r\n\r\n<p>Your Home Insurance Policy can provide you coverage on the damages caused in the following instances<\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li>Fire, Bush Fire<\/li>\r\n<li>Riots or other Malicious Acts<\/li>\r\n<li>Natural Disasters \u2013 Lightning, Floods, Cyclones, Earthquakes, Storms, Landslides<\/li>\r\n<li>Missile Testing Operations<\/li>\r\n<li>Terrorist Acts<\/li>\r\n<li>Burglary and Theft<\/li>\r\n<li>Explosion or implosion<\/li>\r\n<li>Water Tank Bursting, Overflowing of Pipes<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">What are the Different Types of Home Insurance?<\/h2>\r\n\r\n\r\n\r\n<p><em><strong>Structure Insurance<\/strong><\/em> &#8211; The policy covers the roof, floor, walls from damages caused by fire, and other natural or man-made calamities. It is also known as Standard Fire and Special Perils Policy.<\/p>\r\n\r\n\r\n\r\n<p><em><strong>Contents Insurance<\/strong><\/em> &#8211; This policy covers the house against damages of loss. It covers your home belongings which include jewelry, furniture, appliances, and other contents of the house.<\/p>\r\n\r\n\r\n\r\n<p><em><strong>Comprehensive Insurance<\/strong><\/em> &#8211; If you are looking for complete coverage, Comprehensive Insurance is suitable for you. This covers both the structure of the house and contents against damage and loss.<\/p>\r\n\r\n\r\n\r\n<p><strong><em>Public Liability Insurance<\/em> &#8211;<\/strong> If individuals get injured when they are on your property or if your property causes damage to another individual\u2019s property. In such cases, the third party might raise a financial liability on you. This policy covers such liability.<\/p>\r\n\r\n\r\n\r\n<p><em><strong>T<\/strong><\/em><strong><em>enant\u2019s Insuranc<\/em>e &#8211;<\/strong> It\u2019s not important for you to own a home to need insurance. People living in rented accommodation can opt for this insurance. This policy covers all belongings of the tenants in their rented house.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>How to Choose a Home Insurance Policy?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>The following tips can provide you great help in choosing the right home insurance policy.<\/p>\r\n\r\n\r\n\r\n<p><strong><em>Buy the Policy You Need<\/em><\/strong> &#8211; It\u2019s advised to choose the policy according to your needs. You should be aware of the coverage you need. For instance, if you\u2019re a home-owner, the comprehensive policy is the best for you. However, Contents Insurance works best for tenants.<\/p>\r\n\r\n\r\n\r\n<p><strong><em>Always Do a Comparison Before Buying &#8211; <\/em><\/strong>Choose. Compare and Buy! While buying, do not forget to compare the different plans, coverage features, and premium rates.<\/p>\r\n\r\n\r\n\r\n<p><strong><em>Choose the Required Add-Ons<\/em><\/strong> &#8211; A Home Insurance Coverage can be further enhanced with the required add-ons. If you are a landlord, you can choose \u201closs of rent\u201d add-on as you can lose rent in case of any damage to the house. On the other hand, homeowners can choose an add-on that covers the rent for alternate accommodation.<\/p>\r\n\r\n\r\n\r\n<p><strong><em>Also, Compare the Claim Settlement Ratio of the Company<\/em><\/strong> &#8211; Determine the probability of claim settlements by comparing the claim settlement ratios of different companies. The higher the ratio, the higher would be your chances of claim settlement.<\/p>\r\n\r\n\r\n\r\n<p><strong><em>Check for Premium Discounts, if any<\/em><\/strong> &#8211; You can lower your premiums by checking for premium discounts.<\/p>\r\n\r\n\r\n\r\n<p>If you are a tenant and planning to skip investing in Home Insurance, we must tell you that &#8211; buying a Home Insurance should be your absolute priority whether you are a tenant or a homeowner. As a tenant, you can opt for a policy covering the contents of the property.<\/p>\r\n\r\n\r\n\r\n<p>It requires a great deal of money, years&#8217; time to construct a property, and then transform it into a home, so isn&#8217;t it imperative to secure your world with the right <a href=\"https:\/\/www.squareyards.com\/delhi-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"undefined (opens in a new tab)\">Home <\/a>Insurance Cover? If you haven&#8217;t decided yet, we suggest you should not think any further and plan to invest in a Home Insurance today.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Natural calamities, crisis-like situations, burglary, or theft can cause a huge amount of destruction to your property and put you at a loss. By protecting your investment with a Home Insurance, you can save yourself from an enormous financial setback. Your home is more than just a roof over your head. It\u2019s the place where [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":22074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/21959"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=21959"}],"version-history":[{"count":12,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/21959\/revisions"}],"predecessor-version":[{"id":80198,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/21959\/revisions\/80198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/22074"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=21959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=21959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}