During the "Amphan" storm that struck West Bengal during the COVID crisis- in 2020, I understood why get home insurance. I myself had not availed of it previously, since I believed these insurances were nothing but schemes to take money from people. But let me share with you what changed my mind or why you need home insurance in detail here. Read this answer and know everything.
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Why is home insurance important?
During that "Amphan" storm, a tree fell on our neighbour's house and broke one side of it entirely. Thankfully no one got hurt but I was a bit tense since they were not financially stable and I was sure they could not afford to repair it. However, within two weeks their house got repaired as they had availed of home insurance. I understood why buy home insurance. Home insurance can save you from several external perils so do avail it if you haven’t already. Here are the top 5 reasons why one must buy home insurance-
To protect your house from unforeseen dangers and let the home insurance policy cover the expenses
To avail of a loan, you will need to furnish proof that the property in question is insured. Home insurance certificate thus can help you get the loan without any hindrance
Home insurance protects an individual from any legal liability or third-party liability which might arise if a third person suffers while being present on your property
A home loan helps to decrease the financial burden in case of damage or destruction to the said property and will bear the expense for repair
A home loan also in most cases covers the contents of a house like electrical appliances- fridge, TVs, ACs, furniture and more
I hope you have got an idea of why get home insurance.
Read More:Does home insurance Cover Accidental Fire?
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Why you Need Home Insurance?
Rashmi56
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2023-02-28T15:10:04+00:00 2023-02-28T15:25:16+00:00Comment
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