In today抯 world everyone is aspiring for a lot of things, the first n
foremost in almost every ones list is, House of their own. The place where they
can dwell with their families, a place which is comfortable, cozy and ofcourse
safe . We build our house with hard earned money and after spending a lot if you
don抰 have security and safety then everything seems futile. When we talk of
safety, so many things flashes in our mind, burglary, natural calamities, riots
n these days it抯 also the terrorist attacks. What can you do to avoid these?
Well, no one can stop these to happen but there is a policy in the market
called, HOME INSURANCE which can be an umbrella to save the home owners in the
rainy day.
Home insurance, often called hazard insurance or homeowners insurance (also called as HOI in the real estate industry), is the kind of property insurance that covers private homes. It is a policy which combines various personal insurance protections, which includes losses occurring to one抯 home, with various contents in it, loss of other personal possessions of the house owner, as well as liability insurance for accidents that might occur at home. But it requires that at least one of the person who has been insured occupies the home. The cost that an insurer pays for the policy is determined by taking into account the replacement cost of the home along with all of the home抯 contents.
The amount to be paid as premium also depends largely on the susceptibility of the home that is insured. The more susceptible the home, the larger are its premiums. In other words, a home in an area with frequent natural calamities may be very costly to insure. For example, insuring a house on a beach cliff that is eroding may be a very dear proposition. The insurance company also considers the age of the house to be insured. If the house is more than twenty years old, then the discount offered will be based on the construction time of the house. And also the area in which it is. In an extreme case, insurance companies might not insure it at all.
Rates charged by home insurance companies differ from one to another. They offer different kinds of policies, for different degrees of coverage, and work in different countries and regions. Home insurance coverage mainly covers one抯 residential home with all of its content. At times home insurance brokers act as a medium between the customers and the insurance companies.
There are some schemes which offer discounts. For example, if a fire alarm is installed in your house, you should get a discount on the insurance, as the fire alarm rouses the neighborhood and the fire can be ceased before it causes more harm to the house. But you have to talk with the company about this discount. You can also club home insurance with auto insurance, or life insurance and buy them from the same company. If you buy more than one policy from the same company, then the discount can be much higher.
Anyone can buy home insurance. There are so many companies offering home insurance and also offering discounts and benefits if you buy from their company. You have to hunt around and find the best possible one for your house rather home because as Mother Teresa said, 揕ove begins by taking care of the closest ones ?the ones at home.?
Home insurance, often called hazard insurance or homeowners insurance (also called as HOI in the real estate industry), is the kind of property insurance that covers private homes. It is a policy which combines various personal insurance protections, which includes losses occurring to one抯 home, with various contents in it, loss of other personal possessions of the house owner, as well as liability insurance for accidents that might occur at home. But it requires that at least one of the person who has been insured occupies the home. The cost that an insurer pays for the policy is determined by taking into account the replacement cost of the home along with all of the home抯 contents.
The amount to be paid as premium also depends largely on the susceptibility of the home that is insured. The more susceptible the home, the larger are its premiums. In other words, a home in an area with frequent natural calamities may be very costly to insure. For example, insuring a house on a beach cliff that is eroding may be a very dear proposition. The insurance company also considers the age of the house to be insured. If the house is more than twenty years old, then the discount offered will be based on the construction time of the house. And also the area in which it is. In an extreme case, insurance companies might not insure it at all.
Rates charged by home insurance companies differ from one to another. They offer different kinds of policies, for different degrees of coverage, and work in different countries and regions. Home insurance coverage mainly covers one抯 residential home with all of its content. At times home insurance brokers act as a medium between the customers and the insurance companies.
There are some schemes which offer discounts. For example, if a fire alarm is installed in your house, you should get a discount on the insurance, as the fire alarm rouses the neighborhood and the fire can be ceased before it causes more harm to the house. But you have to talk with the company about this discount. You can also club home insurance with auto insurance, or life insurance and buy them from the same company. If you buy more than one policy from the same company, then the discount can be much higher.
Anyone can buy home insurance. There are so many companies offering home insurance and also offering discounts and benefits if you buy from their company. You have to hunt around and find the best possible one for your house rather home because as Mother Teresa said, 揕ove begins by taking care of the closest ones ?the ones at home.?
No comments:
Post a Comment