Cheap Home Insurance - Your Location Is Costing You

There are many points that will always make it easy you aren't to get cheap property insurance. Location is at least one and we'll observe it ascertains how cheap the house insurance premiums are. We'll likewise see learn to get cheap rates on account of, or even though, our household location. You'll pay more pricey rates when you get your dream house in some sort of neighbourhood that's only some sort of volunteer flame service in preference to a full-time flame service.

Also, how close your property is to some sort of fire section or hydrant will probably affect ones homeowner’s insurance policies premium. But if your house is usually nearer to help such establishments; you'll fork out cheaper home insurance costs. You will work well also to get your home seeing that close as is possible to some sort of police section. These likewise will assistance in lowering the house insurance advanced. Buy the house as miles away from problem areas as you're able.

Insurers view homes such neighbourhoods seeing that bad pitfalls and better rates are classified as the unavoidable end result. And, despite the fact that think some sort of neighbourhood is usually a crime-free spot, do you’re foremost to check. You can buy out by means of inquiring by a broker or having a quotes web page. A house may very well be on these borders connected with crime zones and as a consequence result with nearby avenues being collected to unique districts regarding crime pace.

This is critical in spite to the fact that it's definitely not usually component of a householder’s policy. Homes with flood-prone locations will not be regarded to be properly insured with not a flood insurance cover and it indicates around $500 each year. Every mortgagor will need that you've got flood insurance policies if your property is in some sort of flood-prone location. Apart from when you really imagine such more spend is usually a wise skimp on, you'll expend less when you buy your dream house in a space that won't require flood insurance policies.

One sure strategy to guarantee low cost home insurance policies is when you get in addition to comparing prices from as much as five insurance policies sites. You can certainly save some hundred dollars or more depending with your profile along with factors.

[Source: http://freeinsurancecompanies.blogspot.in/2013/01/cheap-home-insurance-your-location-is.html]

How To realize cheap Travel Insurance That Suits Your desires

There are many points that will always make it easy you aren't to get cheap property insurance. Location is at least one and we'll observe it ascertains how cheap the house insurance premiums are. We'll likewise see learn to get cheap rates on account of, or even though, our household location. You'll pay more pricey rates when you get your dream house in some sort of neighbourhood that's only some sort of volunteer flame service in preference to a full-time flame service.

Also, how close your property is to some sort of fire section or hydrant will probably affect ones homeowner’s insurance policies premium. But if your house is usually nearer to help such establishments; you'll fork out cheaper home insurance costs. You will work well also to get your home seeing that close as is possible to some sort of police section. These likewise will assistance in lowering the house insurance advanced. Buy the house as miles away from problem areas as you're able.

Insurers view homes such neighbourhoods seeing that bad pitfalls and better rates are classified as the unavoidable end result. And, despite the fact that think some sort of neighbourhood is usually a crime-free spot, do you’re foremost to check. You can buy out by means of inquiring by a broker or having a quotes web page. A house may very well be on these borders connected with crime zones and as a consequence result with nearby avenues being collected to unique districts regarding crime pace.

This is critical in spite to the fact that it's definitely not usually component of a householder’s policy. Homes with flood-prone locations will not be regarded to be properly insured with not a flood insurance cover and it indicates around $500 each year. Every mortgagor will need that you've got flood insurance policies if your property is in some sort of flood-prone location. Apart from when you really imagine such more spend is usually a wise skimp on, you'll expend less when you buy your dream house in a space that won't require flood insurance policies.

One sure strategy to guarantee low cost home insurance policies is when you get in addition to comparing prices from as much as five insurance policies sites. You can certainly save some hundred dollars or more depending with your profile along with factors.

[Source: http://freeinsurancecompanies.blogspot.in/2013/01/cheap-home-insurance-your-location-is.html]

House Insurance

How to protect your home with insurance cover?

Your house is like a heaven on earth. In life, people work hard day-in and day-out to finally build a castle of their happiness. A house owned is the most important dream of your life. However, natural calamities, or stealing and burglary are some of the incidences that don’t knock your door to damage your house or inside property. They come unexpected and can shatter your dreams in minutes forever. This will not only be a huge financial loss but also a mental setback and physical pain of rebuilding your dream once again. One of the best modern day tools to cope with the financial losses would be purchasing home insurance policy.

A home insurance is form of property cover designed to protect an individual's home against damages to the house itself, or to possessions in the home. Homeowners insurance also provides liability coverage against accidents in the home or on the property. Ideally a home cover protects the structure of your house and its contents from calamities like earthquakes, floods, fire, explosion, cyclones, lightening etc. Also covered under insurance are things like theft and burglary. When there are losses that include in the list of documents mentioned by insurance company, the insurer pay on the basis of the house’s reconstruction cost. The value is calculated on the basis of the built-up area and the construction cost, generally fixed by the company.

There are mainly two types of insurance in India:

Building insurance: A building cover is important part of home insurance. Most housing loan companies have made it mandatory for any project to have building insurance before they sanction any loan. This cover protects only the structure of the property. It insures the amount that you would need to reconstruct the house, in case damage is done to your property.

Content insurance: This policy covers things inside the house. Many people keep expensive ornaments, gold and silver etc. in house. At this time this insurance becomes very valuable if there is any crime of stealing or burglary. The amount of money is assessed as per either how much it will cost to replace it or according to its current market value. Besides, other than jewellery the insurance also protects your valuables against fire, theft, accidental breakage, damaged caused to electric appliances due to electrical and mechanical breakdown.

Things to remember before you buy

While covers and premium rates vary slightly from insurers to insurers, shopping home insurance is not very difficult. However, there are a few things you should keep in mind.

Adequacy:

The sum insured will be the basis of compensation therefore it should reflect the correct property value. Most people mistakenly choose the insurance amount compared to market value. However, you need to bear in mind that company pays on a reinstatement basis, which keeps fluctuating with construction costs. Generally you can take around 10-15% hike in the construction costs and quote for an insurance amount. If possible check construction rates from the Municipal Corporation or real estate websites.

Tenure:

You can either go for an annual cover or choose a multi-year policy. The benefit of annual home insurance policy would be it gives you the option to revisit the sum insured's adequacy every year. If you feel so that there are any changes in property, asset or place value you can increase or decrease the cover accordingly. Besides, in long-term policy you can get discount which can be as high as 50%, depending on the tenure.

Service Level:

Home insurance is very tricky concept. Although all policies might look identical it’s the service that makes them stand out differently. It will be wise to check the claim settlement procedure, simplified process and prior records of the insurer. A customer-friendly approach for reporting and handling of claims will be of immense help in the event of a loss.

A person invests his or her life savings in buying a house therefore it is important to get it insured to protect your interest as an Individual/family, to protect yourself/in case you have taken housing loan and last but not the least to protect yourself from third party liability. 

Importance of Having a Home Insurance Policy in India

Home invites your life time savings and indeed is a very precious asset. It not only acts as your abode but houses your valuables and jewellery too. In addition it provides a sense of protection and security.

Taking into consideration the recent environmental changes and vandalism, your home can be shattered in a moment with advent of any natural calamity or man-made factors. The cost to rebuild the house would invite hefty expenses which would burn a hole in your pocket. But with the advent of home insurance companies you can breathe a sigh of relief as home insurance can help you come out of financial crisis in case of any exigency. The home insurance policies come at a low premium and are easily affordable.

Before opting for Property Insurance plans it is essential to understand the nature of the policy and the extent of coverage offered. Below are some of the key points of home insurance:

Reconstruction cost: If any damage is caused to your house or property the insurance policy would pay for the reconstruction cost. The cost is determined by the area of your house multiplied by construction cost per square feet.

Protection of the assets: Home insurance policies cover the contents that are kept in your house. If some damage is caused to your house or the contents due to earthquake or fire break out or any other natural calamity, your home insurance policy would provide you the financial assistance.

Coverage for theft/burglary: The home insurance also provides coverage in case of theft. You need to declare your valuables for which you want to seek coverage for and they would be taken care off if stolen.

Coverage for jewellery: One of the most precious assets that is still housed by some people within the four walls is jewellery. Keeping this fact in mind, jewellery insurance is offered as a rider in the home insurance policy and hence can be covered under home insurance policy. In case, your jewellery is safe in the bank locker then you can do away with this rider and save on your premium.

Low premium for ample coverage benefit: Getting property insurance won’t tax your wallet, as a vital coverage to secure your home comes at a very economical price.

Basically, getting house insurance would help you keeping your home and your valuables secured. You can get Home Insurance Quotes online to know exactly the cost of insurance and the benefits.

Now that you are aware of the benefits, act prudently before it is too late and you end up losing your hard earned money.

[Source: https://houseinsuranceblog.wordpress.com/2016/07/02/importance-of-having-a-home-insurance-policy-in-india/]

home insurance

House Insurance

Buy Home Insurance / House Insurance Policy which will protect not only your home, but also the belongings / content inside it.

 

Home Insurance Brokers Toronto Can Bring In Best Deals In Insurance Policies

We are living in a world there are a number of activities taking place around us. It is quite difficult to predict a fact that whether a person can reach home safe after going out. Even when people are thinking this manner, there are a number of uncertainties taking place in most of the houses, where they become prey to some of the worst accidents that can paralyze the entire family in a manner such that they cannot able to recover from the damages caused due to the incident throughout the lifetime.

It is a must for a family to have insurance for their home since it is quite easy to recover from the problems that have taken place in the house in a very easy manner. When people have to find brokers for the purpose of health insurance or other sort of insurance for vehicles and other properties, there will be handful of choices available. It is quite difficult to find home insurance deals since it is a process that involves estimation of a number of assets in a house starting from the door to the costly items present in the house.

Claiming under insurance

Insurance money for house insurance will be quite higher than other sort of insurance since they are actually the claims provided for the purpose of recovering the entire house, not just for the purpose of building the house again or to pay for only the items that are listed in the sheet at the time of document. Since the amount need to be paid is quite higher, home insurance quotes are rarely available.

When home insurance brokers Toronto are available for assistance, there is no need to fear about the insurance policies since they will bring in tons of policies available in the market in the home insurance that can suit well for the budget a person is interested to put in the aspects of premium that need to be pain in some periodic intervals. There are different types of insurance policies available with them that can able to provide better coverage for the entire house and the properties inside the house.

Whenever there is any need for insurance for home, they can be consulted directly without any intermediate person involved. Since the broker for insurance policies can be contacted directly, home insurance brokers Toronto offers superior services than any other kind of brokers available for finding best policies.

With the experience they have in this field for several years, then can able to bring in the range of policies, both new and the existing one for notice of people and assist them to go with the kind of policy that can fit for their purpose perfectly. Since home insurance brokers Toronto are available through means of online, there is no need to concern about finding them in person. For serving customers in a better manner, they are offering all kind of solution for finding insurance policies directly to their customers through means of online.

[Source: http://homeinsuranceindia.weebly.com/home/home-insurance-brokers-toronto-can-bring-in-best-deals-in-insurance-policies]

House Insurance

Buy Home Insurance / House Insurance Policy from Bajaj Allianz, which will protect not only your home, but also the belongings / content inside it.

Home Insurance

Should You Choose a High Deductible Health Insurance Plan?

As “consumer-driven health care” (CDHC) becomes increasingly popular, you may soon face the decision of whether to switch to a high-deductible health care plan with a health savings account (HSA) if you don’t have one already. 

The basic idea is that your health insurance premiums are lower but you have to pay more out-of-pocket (the deductible) before the insurance kicks in. To help you cover those higher out-of-pocket costs, you and your employer can contribute pre-tax to a health savings account, which allows you to use the money tax-free for qualified medical expenses like a medical FSA.  

But unlike an FSA, any money you don’t withdraw can be carried over indefinitely and used for any purpose without penalty after age 65. In fact, you might even want to pay your medical expenses out-of-pocket if you can and let your HSA grow to be used tax-free for health care expenses in retirement. Some HSAs allow you to invest in mutual funds for that reason. (This the health insurance plans we have at Financial Finesse.)

The general rule of thumb is that these high-deductible plans are best for the “healthy and the wealthy.

” In other words, the less health care you use, the more you can afford to put away in your HSA, and the higher your tax bracket, the more likely the high-deductible plan will make more financial sense for you. On the other hand, if you have a lot of health care expenses or are in a low tax bracket, a more traditional low-deductible health insurance plan may be better for you.

I recently spoke to someone on our Financial Helpline who seemed to fit the latter profile. He estimated that he would use the entire $2,400 deductible for the high-deductible plan and he’s only in the 15% tax bracket so he wasn’t sure that the HSA would be very beneficial. To make sure, we decided to crunch the numbers, assuming he spent $2,400 in health care expenses. (After that, both plans would have the same co-insurance covering 80% of his remaining costs.)

If he chose the low-deductible plan, he would pay $4,692 in premiums, $800 as his deductible, and $320 in co-insurance (20% of the expenses after the deductible) for a total of $5,812. 

If he chose the high-deductible plan, he would pay only $3,384 in premiums but $1,600 towards his deductible (his employer would contribute $800 to his HSA) for a total of $4,984. In addition, if he contributed that $1,600 of out-of-pocket expenses to his HSA, he’d get an additional $240 in tax savings. If he spends less than $2,400, the high-deductible plan becomes even more favorable .

So even though it appeared that he was a better fit for the low-deductible plan, the high-deductible plan ended up saving him more money even without contributing to the HSA. Adding the tax savings from the HSA and the possible savings of potentially spending less than $2,400 on health care was gravy on top. 

Here are some things you want to make sure you factor in before making your own decision:

1)      What’s the difference in premiums, deductibles, and co-insurance between the plans?

2)      Will your employer contribute to your HSA?

3)      How much can you save in taxes by contributing to your HSA?

A wrong decision can cost you hundreds or thousands of dollars each year so don’t just jump to conclusions. Instead, answer those questions and run the numbers. The result may surprise you.

[Source: https://besthealthinsurancepoliciesinindia.wordpress.com/2015/11/20/should-you-choose-a-high-deductible-health-insurance-plan/

Tips for Buying Homeowners Insurance

Homeowners across the country value what they have: their homes and what’s inside them. Homeowners insurance protects your home and personal property. It also provides liability protection plus more. But over time, things change. To better understand how homeowners insurance works and what you need to know, Designing Spaces met up with one homeowner and an Allstate agent

Homeowners insurance can be a very expensive proposition but of course it’s essential it can protect your home against fire flood in even earthquake. Feel this can afford to build our homes for scratch and so earthquake is essential there are several ways to reduce your home owner’s insurance costs.

1.  First maintain a security system and smoke alarm in your home a burglar alarm can help lower your annual premium by up to 10 percent usually it’s required that it be monitored by a certain station but it’s good protection especially in these days of tough economic times smoke alarms are standard in most modern homes these days but installing them in all their home can save you 10 percent or more on your insurance bill.
2.  The second way to lower your insurance bill is to raise your deductible the higher your deductible the lower your annual premium you will be responsible for damage up to the cost of your deductible and your lender way limit the amount of that deductible.
3. Third look for multi policy discounts many insurance companies give a discount maybe if 10 percent or more if you have more than one policy with them this could be an auto or health policy in addition to your homeowner insurance. 
4. The fourth way is a little off the wall but if you pay off your mortgage your homeowners insurance will go down because companies assume that if you own your home outright you’ll take better care of it.
5. The fifth way to lower your home insurance bill is a senior discount if you’re over 50 and are willing to admit it you might be eligible for a discount insurance companies have different names for age preference policies they’re often called everything from senior discount to mature policy discounts if you qualify why not go for it.
6. And the sixth way to reduce your home insurance bill is to regularly review and compare your policy at least once a year compare your policy to other insurance policies available on the market you should also review your existing policy and note any changes that could lower your premiums also make sure that you have all the coverage that you need. 

Homeowner insurance is in this essay the while there are many ways to save money you should shop wisely there were some features that homeowners shouldn't skimp on when you’re buying homeowner insurance and you should know the difference and then shop around.

[Source: http://eduinsuknowledge.blogspot.in/2015/04/tips-for-buying-homeowners-insurance.html]

Should you review your Insurance after Home purchase?

Financial plans and the suggested course of action are based on the facts pertaining to you. When a financial advisor hands over a financial plan to you and suggests buying an insurance cover, the value of that insurance cover is based on factors such as your current income, expenses, goals, assets, liabilities and commitments. But circumstances change over time. New loans, increased salary, higher children education costs, higher expenses, are all variable in nature and therefore, evaluating one's insurance- is important. Let us understand this with an example. When Manish was 18 years old, his parents had purchased an insurance plan for him for Rs 10, 00,000, more as a tax saving mechanism. He probably was not even aware of it or the reason for this cover. Now Manish is 30 years old, getting married, and planning to purchase a new home for self and his wife.

His wife is a home maker. It is prudent to buy an insurance that at least covers the home mortgage amount. Since Manish has just started his career, the accumulated savings for down payment may not be more than 15% of the value of the property, and hence he would need to take a loan for the remaining 85%. Assuming the cost of the house is Rs 80,00,000, the loan amount taken would be Rs 68,00,000(@85% of value of house) Since Manish is the sole income earner for now, he should take a pure term insurance cover plan for the remaining Rs 58,00,000, after considering the existing insurance cover of Rs 10,00,000. This is done to ensure that in case of an unfortunate eventuality of his death, his wife is not left with a home loan burden and no income to pay that loan. She would not be faced with the financial trauma of selling the home to repay loan to the bank.

The proceeds from the home insurance cover would be used to repay the mortgage to the bank and she would continue to stay in the home. Again, in his absence how would she continue to maintain the same lifestyle and manage the household expenses? She is a home maker and has no source of income to fund the living expenses. Therefore, while Manish is re- evaluating the life cover needed at the time of purchasing the new home to cover his mortgage value, he should also consider protecting his family to maintain the same standard of living, should something happen to him to ensure cash flow of the household is not affected. He must therefore, consider a pure term insurance plan that would pay a lump sum to his wife, should anything happen to him, so that she can deposit the amount in the bank and fund the living expenses year on year till her life.

For that, the present value of income that is used for the family discounted by inflation for the remaining tenure will determine the life insurance needed by the life assured. Let us say Manish’s gross total income is Rs 5,00,000 per annum. His personal expenses are Rs 1,00,000. His personal income tax payable is Rs 23690. Premium paid by him for his personal life insurance policy is Rs 20,000. Amount available for his family is Rs 3,56,310. Lets round this to Rs 3,57,000 per annum. This is the amount his family would need year on year in his absence to maintain the same lifestyle until retirement. The human life value for Manish is calculating the present value of all future incomes that he would contribute to his family for the next 30 years (60-30), which is Rs 40,19,028 assuming a discount or inflation rate of 8% per annum. This amount does not include the assumed increase in income that Manish would get through his career. Therefore, if Manish dies at age 31 years, his family will receive the above amount that will sustain their lifestyle needs in his absence for their remaining life. 

If Mr. and Mrs. Manish are planning to have children, the insurance cover would increase with added dependents and responsibilities of education costs. Another important cover one must buy is personal accident insurance cover to protect oneself from accidental dismemberment. This means loss of limbs or a part of your body that would not allow you to carry on work with the same level of income. With reduced income, how would one service the mortgage payments? Therefore, there are policies that pay a part of the mortgage to the bank, in case of partial/ total dismemberment. Homeowners need to purchase home insurance to protect their homes and personal property.

Therefore, you need to re-evaluate the replacement value year on year. Change in Coverage available- With so many changing terms and conditions and coverage rules, it is important to evaluate what is the best package available presently to protect your home against damage. For example, fire, theft, storm, reimbursement against additional living expenses, doctor visits in case of personal damage, are coverage items to reconsider. Change in structure- If there are modifications made to the house structure, like addition of new rooms, remodeling, the added costs of replacement should be incorporated in the new policy. So think twice, before tucking away that insurance bond document in the drawer the next time.

[Source: http://www.moneycontrol.com/news/insurance/should-you-review-your-insurance-after-home-purchase-_4160221.html?utm_source=ref_article]

How to Choose the Best Home Insurance Company in India

The prices of home insurance can vary. This is why it is important to shop around for the best home insurance in India which can provide adequate coverage without burning a hole in your pocket. Most people avoid taking a home insurance policy just because they think that the sophisticated alarm systems and locks that they have installed are adequate for protecting their home. However, despite the best protection measures there is always a risk of thefts and damages caused by natural disasters. This is why there is a need for a taking a home insurance policy which is a much more concrete step in covering these risks.

Along with the price and the type of cover, it is also important to check the home insurance company while comparing the policies. Here are some

Tips for Choosing Home Insurance in India

Check the Premium and Coverage

The first thing you need to do is evaluate the risks your home faces. For example, if you live in an area that is prone to natural disasters such as floods, then you should ensure that the policy covers these risks. Apart from natural disasters, your home insurance policy should cover against the financial loss caused by the damage to the structure and/or contents of your home due to man-made disasters. The policy should also cover jewelry and valuables. For example, home insurance policies by Bajaj Allianz General Insurance cover jewelry and valuables in the event of burglary, house breaking, waylaying, and snatching.

While checking the coverage, it is also important to check if the premium for the home insurance policy fits your budget. You can solicit quotes from individual insurers or use price comparison sites to compare quotes online.

Look at the Service

The hallmark of a good insurance company is the customer service standard of the company. Does the insurance company have a good turnaround time? Does the company have knowledgeable customer service representatives who can resolve your queries while buying the policy? The company should be equipped to assist you at virtually any time and the service standards of the company should be high.

Know the Claim Settlement Ratio

Your premiums may be low but it may be fruitless to opt for the company if the claim settlement record of the company is not good. The very purpose of insurance will be defeated if the claim is not provided for when required. Check the company’s claim settlement ratio along with the duration for claims settlement while looking for the best home insurance in India.

Focus on Financial Stability

The financial ratings of the company are important to assess the financial stability of the company. For example, ICRA has reaffirmed IAAA rating to Bajaj Allianz General Insurance Company Limited. The rating indicates highest claims paying ability and shows the fundamentally strong position of the company. This is indicative that the prospects of meeting policyholder obligations are among the best.

Keeping these factors in mind can help in choosing the best house insurance company in India and find the cover that suits your need and your budget.

[Source: https://support.bajajallianz.com/support/how-to-choose-the-best-home-insurance-company-in-india/]

First time buyer home insurance explained

Buying your first home can be a daunting experience and with a million and one things to do; it’s easy to overlook the basics. However, no matter how hectic things get it’s essential to arrange the right home insurance; otherwise if things go wrong you could be left seriously out of pocket.

Recent research has thrown light on the lack of understanding amongst first time buyers surrounding certain aspects of the purchasing process. Nearly half of those questioned admitted they hadn’t budgeted for buildings insurance when calculating costs and a third were unaware that buildings cover was needed to get a mortgage.

When it came to getting an insurance quote over half ‘guessed’ vital property details and more worrying still one third arranged cover with inaccurate details. Estimating rebuild costs proved a common area for misunderstanding with a quarter of first time buyers simply using the purchase price. 

It’s an expensive mistake to make as rebuild costs are usually significantly lower than the property price and that means lower insurance premiums. An accurate calculation of your property’s rebuild costs should be included in your surveyors report.

First time buyers often assume their mortgage provider is best-placed to arrange home insurance, and are surprised to find how easy it is to find great deals elsewhere. As with all financial products it’s important to shop around and if you choose a reputable broker they’ll do all the hard work for you.

While buildings insurance is a prerequisite to get a mortgage; contents insurance provides a cost-effective way of protecting your possessions against fire, flood and theft. Buying your first home can be financially taxing and nearly half of those questioned didn’t have contents cover, saying they either couldn’t afford it or they didn’t need it.

Again the figures point to an unfortunate lack of understanding, and perhaps if first time buyers knew that the average home contained £55,000 worth of contents and the average policy cost just under £2.50 a week, they might think differently.

If you are a first time buyer looking for a great deal on your home insurance, you’ll have to go a long way to beat Quoteline Direct. With over 45 years’ experience we’ve got access to some great deals and our experienced consultants can help with any tricky questions.

[Source: http://homeinsuranceindia.tumblr.com/post/132662311452/first-time-buyer-home-insurance-explained]

Why is it Essential to Buy Home Insurance in India?

Nilesh Naik stood among the ruins of his house. That was not fair! He was so careful with everything. He bought the safest possible equipment, invested in the best of the electrical fixtures and wires, had circuit breakers and ECBs to rule out the slightest chance of the short circuits. His house was built with lot of care and supervision, earthquake proof and strong enough to withstand the mightiest of the storms.

A cylinder blast at his neighbor’s house ignited the dried bushes around that house. The inferno that resulted raised the temperatures so high that the flames soon enveloped Nilesh’s house and reduced it to cinders. This was so unfair! He was so careful with his domestic cylinder and kept his yard so clean of dried grass and bushes!

The building of the house was a culmination of a dream and of saving and cutting corners for 25 years. He was so keen to build and own his house without a loan. To be loan free and a king of his own small kingdom. To retire so peacefully in a few years. It was as if the clock was turned back 25 years and he had to start all over again but without youth in his quiver.

He was reminded of the visit from his friend’s son who had taken up a home insurance agency. He could clearly remember the conversation.

“Why don’t you insure your house, uncle?”

Nilesh remembered thinking at that time, I know this fellow wants to earn some commission and is trying to push a policy I don’t need. He wondered how to tactfully say no.

“I am already financially exhausted after spending so much on building this house. Maybe next year, beta “.

“All the more reason, Uncle. This policy is not for the house but for the money you spent on building it . You are ensuring that you have it back in case something happens and you are able to restore it”.

“Nothing can happen. You have seen the quality of material I have used and so many precautions we take. You should try and sell this to my neighbor. He will need it. He is the most careless fellow I have seen”.

Alas ! The neighbor did buy that policy and will be able to build his house again. For Nilesh, he would need to find the strength to dream again.

This story is an excellent example of the importance of home insurance. We put in our life’s savings into our home. It is important to keep it safe with the right home Insurance that protects your home and the contents inside from damage.

To protect your home from unforeseen calamities and dangers, here is more information on our home insurance cover!

[Source: https://support.bajajallianz.com/support/why-is-it-essential-to-buy-home-insurance-in-india/]