Benefits of Property Insurance
Have you insured your property? If not, it’s time you did! With the rising costs of living increasing day by day, as a homeowner, it is your responsibility to protect your home & its contents. Your home is the biggest & most costly investment you’ll ever make in your lifetime. It is only sensible to protect your investment with insurance.
Here are a few benefits of property insurance brought to you by Vishraam Builders, eminent builders of flats in Thrissur & apartments in Guruvayur.
Protection against Liability
It’s a lesser known benefit of property insurance policies. When you’re a careful homeowner you can prevent a lot of accidents and injuries, but when an incident happens like a fire or mechanical damage which could include your neighbor’s home, your property insurance Liability coverage can be of help. It protects against these costly incidents & will also cover the medical expenses of a guest injured in your property.
Protection against Power Outages
Power outages can occur from time to time in flats in Thrissur & these can cause serious damage to your devices and shorten their lifespan significantly. Property insurance can cover losses caused by power outages.
Protection against Property Damage
You get coverage against a lot of natural disasters like monsoons and floods, fires, earthquakes, theft, and other weather-related damages. Whatever be your property size, location, and other security features that you may have added there’s always the danger of fires, floods, or burglaries.
Protection for Art and Jewelry
Homeowners of apartments in Guruvayur who possess expensive jewelry, art pieces, or other valuable possessions in their home can think about an add on feature to your property insurance. This will pay out for any damages to your personal items. Keep in mind, though, that these add-ons only usually have a fixed amount that will be paid.
Protection for Commercial Ventures
When you rent your flat in Thrissur out to a third-party you are held responsible for any structural damages or personal injuries that they may cause during the occupancy. Your property insurance can provide protection against damage for all these.
Points to keep in mind while insuring your home:
- Always maintain proof of all your insured items in order to claim them.
- No claims can be made for unauthorized construction, so make your investment wisely.
- Get a quote of the reconstruction cost from a contractor for extensive coverage when the time comes for policy renewal.
- The home insurance policy only covers the building and its components. It does not cover the land.
- Tenants can insure the contents of the house they are living in.
You can get the ultimate luxury of peace of mind by getting your home insured. Be it an apartment in Guruvayur or a villa, once you have selected your policy and paid your premium, protecting your property is no longer your responsibility but that of your insurer. Now that you know the benefits of property insurance get along & do it ASAP!