Reasons Why Home Insurance is a Must for First Time Home Buyers
The earthquakes that hit Nepal in 2015 convinced a lot of people in India that house cannot be secure without insurance. This is because natural disasters can strike any time and to protect oneself from its damaging effects, it is best to have a home insurance . Such an insurance neither fixes nor prevents damages. What it does is reduces or compensates greatly the costs involved in restoration of homes. It is best to compare what the different home insurances have to offer before opting for one. Also, there are a number of myths regarding home insurance. Let’s dispel a few of them - Act of God Not Covered You need to read out the terms and conditions of your insurance policy carefully. There are a number of policies where any and every damage caused by natural disasters be it heavy rains or thunderstorms among others are covered. Claim Settlement is a Headache This is the biggest myth among all of them. Claim settlement for any house insurance in India is not a tough deed. If the...