Your home is most probably the largest financial and emotional investment that you will ever make. A lot of saving, planning and research go into its ownership. Which is all the more reason why you would want to keep it safe from every kind of mishap.
Most people are so overwhelmed by the legal processes involved in buying a home that they tend to overlook another important aspect called home insurance. And then there are those who are even skeptical about the worthiness of even investing in home insurance even!
Any kind of damage to the home and built-up property attached to it can become damaged, whether by miscreants or natural calamities. It can lead to huge financial setback and burn a big hole in your pocket for repairs. And with climate changes and floods and fires happening rampantly across the globe, home insurance becomes critical in safeguarding you from property loss. Most insurance companies are offering comprehensive home insurance packages that include the home building structure as well as belongings and valuables kept therein.
Comprehensive Home Insurance
Comprehensive home insurance policy safeguards you from calamities such as storms, lightening, fire, earthquakes, floods, landslides and inundation. Depending on where you live and your lifestyle, you can also choose from other add-on coverages that include damage caused by miscreants or terrorists, burglaries, breakdown of appliances and equipment, accident coverage for family or pet, etc.
With an increase in incidences of natural calamities and crime, its wiser to spend a little money annually on home insurance rather than spending a small fortune on repairs. Read on to know more:
Cost of home insurance policies aren’t expensive, even though the sum insured is so much higher. An example is a home insured for Rs.40lakhs can cost you as little as Rs.2000 per year! And if you opt for a comprehensive policy that also covers the contents of your home, your premium would be just around Rs.5000 per year.
Extensive Coverage Options
With an insurance policy, the protection is not just for your home, but also for other outbuildings such as your garage, sundeck, shed and even your boundary wall or fence! And you can add-on the contents of your home including furniture, appliances and electronics. However, do remember to keep the bills of purchase of insured items carefully, in case of claims.
Protection From Lawsuits
Interestingly enough, some home insurance policies can also protect you from property related lawsuits. You could avail protection from lawsuits which could arise from your accidently damaging the property of another person. In such a case, you need not worry as your home insurance would cover you. Likewise, it would also cover the medical expenses of a visitor who gets injured on your property.
Having home insurance provides financial security for your losses. And depending on the policy you have opted for, you can even get replacement of your lost insured belongings, instead of just money. However, you will need to keep the bills of all your insured items for claim purposes.
Natural Disasters – Repairing your house from natural calamities can be very draining, both financially and emotionally. This is when home insurance comes in handy as they take care of the expenses.
Peace of Mind
Above everything else, you get to enjoy the luxury of peace of mind when your home is insured! And this stands true, whether your home is an apartment, villa or stand-alone bungalow. Just select a home insurance policy that suits your needs, pay the premium and enjoy freedom from worry!
Hence getting your home insured isn’t just an option, but a necessity for keeping your beloved home safe! For those investing in Vishraam homes in Thrissur area, rest assured that you don’t have much to worry about. These homes are built responsibly with earthquake-resistant designs and in carefully chosen locations that aren’t prone to flooding.
With the experience of over 21 years and 44+ projects plus and more than 2000 happy customers, Vishraam builders are a name to reckon with when it comes to building quality apartments and villas in and around Thrissur. Equipped with the best in comfort, quality and amenities, our spacious residential projects are worth aspiring for!