Home Insurance Quotes Compare Online
Your home is the only place which offers you the peace and warmth that you look forward to at the end of a day. In fact, buying a home was probably the biggest financial investment you ever made. Hence, it’s your biggest responsibility to secure it against unpredictable damages, manmade or natural disasters and potential threats such as theft and burglary. Buy online home insurance policy because it provides immense peace and safety against these sudden events.
Benefits of Home Insurance
1) Protect assets from any mis-happening
2) Decrease stress as you own home insurance to fight against unforeseen circumstances
3) Receive comprehensive coverage to both structure and content of your house
Tips to Select the Best Home Insurance India
Insurance companies in India provide various policies based on individual requirements. Below are few important facts which you should keep in mind while selecting a plan:
Claim Settlement Ratio
You can judge an insurer by considering its turnaround time of settling claims. The main motive of purchasing insurance will go in vein if insured does not get a claim benefits on time. Therefore, it is important to know the claim settlement ratio of insurers before signing any documents.
Coverage and Premium
Evaluate risks which your house might face in the future and then make sure that your home insurance is insuring all these risks. Check the premium amount and access online tools to compare different plans.
Insurer’s Reputation
Ensure that your insurance service provider has dedicated customer service representatives and capable to resolve your queries immediately. It is necessary to select an insurer who is always there to assist you at any time.
Inclusions
Customers can buy insurance only to protect building structure or to secure the home contents only. It covers the losses to the structure and/or belongings of your house because of any man-made or natural calamities.
Fire and Peril Coverage
• Fire• Impact Damage
• Lightning
• Explosion / implosion
• Aircraft damage
• Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
• Subsidence and Landslide including Rockslide
• Riot, Strike, Malicious Damage
• Bursting and/or overflowing of water tanks, apparatus and pipes
• Leakage from automatic sprinkler installations
• Missile testing operations
• Bush Fire
Theft cover and Burglary Cover (only for home contents)
All exclusive content of your house, including antiques, jewelry, electronic equipment etc are insured against loss because of theft or burglary or an attempted burglary.
Earthquake Coverage
It covers damage or loss to any of the covered property due to earthquake, including rockslide or landslide. But, it excludes overflow of lakes, sea, rivers and reservoirs resulted because of earthquake.
Exclusions
• Loss of cash• Loss/damage due to wear & tear and depreciation
• Loss/damage resulted because of invasion, war, act of foreign country
• Loss, destruction or damage caused to any electronic equipment due to over-running or excessive pressure
• Loss/damage due to nuclear war
Home Insurance Claim Procedure
Policyholders have to inform about their loss to the insurance company within insurer’s own deadline. Give a call to insurer’s toll free helpline number as it offers sufficient information, including policy details. Before you register a claim, don’t forget to lodge an FIR and the copy of which you have to submit with insurer. Below is the list of documents which insured has to submit to process the claim:
• First Information Report• Fire brigade report
• Medical Officer’s Certificate for death or disability
• Investigation report by police
• Supplier’s original invoice for replacement
• Invoice of owned articles, if any
• Repair estimates
• Court summons
• Transport details of luggage loss
• Hospital bills for expenses for medical treatment
• Correctly filled and signed claim application
• List of documents may vary based on the policy type.
Why Online Home Insurance at PolicyBoss?
PolicyBoss provides affordable solution for home insurance India which encircles and protects your house. We help you to buy a policy online with minimum worries and hassles. We understand that your house is invaluable and hence, bring a comprehensive home insurance coverage for you.