Nothing in life is certain; in fact, one could venture to make a bold statement that every second of life is uncertain. Natural disasters are a frequent occurrence in our nation. As a result, residential property damage from floods, cyclones, hurricanes, and earthquakes is typically a high danger; fixing these damages can be expensive.

Considering certain factors, house insurance is the most practical and cost-effective solution to protect your property.

Home insurance safeguards your residential property and its contents from loss or damage caused by fire, riots, and natural disasters, regardless of the location.*

Home Insurance Comes In Two Flavours: A Basic Policy And A Package Coverage.

The Bharat Griha Raksha Policy (BGR) is a house insurance policy that protects against fire, riots, cyclones, storms, earthquakes, and other natural disasters that may cause damage to your property.*  This policy may also cover the loss of your household furnishings, fixtures, electronics, and kitchenware due to these incidents.* A  theft of insured contents is covered under the BGR home contents insurance policy if it happens within seven days due to an insured event like fire, riots, or natural calamities.* ^

On the other hand, a package policy provides the policyholder with more coverage in addition to the standard elements of a basic policy. These strategies cover rioting and natural calamities in addition to fire.

Home appliance insurance covers equipment breakdowns and protects valuables from theft at home or while traveling nationwide.*Additionally, it includes accompanying baggage while travelling.

Choosing Criteria For Coverage*

Experts advise getting home insurance whether or not you borrow money to buy a home to secure this important asset. The type of residence you insure typically determines the level of your coverage. When insuring a bungalow versus an apartment in a multi-story building, additional structures like compound walls, garages, parking spaces, and outhouses should also be considered for coverage.

The age of the building is another determining factor for home insurance coverage, as Jain notes. Although insurers frequently cover recently built structures, they are less likely to do so for older, poorly maintained structures due to the high risk.

Variation In Premiums

The cost of individual cover, a package policy, and basic coverage vary. It is critical to note that basic home insurance is quite affordable,

A home insurance calculator is a convenient tool you can utilise online to check the coverage required based on your needs.

^     Claims are subject to terms and conditions set forth under home insurance policy     .

*Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.