Home Insurance
As the name suggests, a home insurance policy offers comprehensive protection to the contents and structure of your house against any physical destruction or damage. In other words, this insurance type will provide coverage against any natural and human-made calamity, such as fire, earthquake, tornado, burglaries, and robbery.
Different types of home insurance policies include:
1) Home Structure/Building Insurance – Protects the structure of the house against damage during any calamity
2) Public Liability Coverage – Provides coverage against any damage to a guest or third-party on the insured residential property
3) Standard Fire and Special Perils Policy – Coverage against damages caused due to fire outbreaks, natural calamities (e.g., landslides, rockslides, earthquakes, storms, and floods), and anti-social human-made activities (e.g., explosions, strikes, and riots)
4) Personal Accident – Provides financial coverage to you and your family against any kind of permanent dismemberment or sudden demise to the insured individual, anywhere around the world
5) Burglary and Theft Insurance – Provides compensation for stolen goods in case of a burglary or theft
6) Contents Insurance – Provides compensation for loss of furniture, vehicles, and other appliances in case of a fire, theft, flood, or riots
7) Tenants’ Insurance – Provides financial protection to you (as a tenant) against any loss of personal property living in a rented house
8) Landlords’ insurance – Provides coverage to you (as a landlord) against contingencies such as public liability and loss of rent
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