Home Insurance provides protection against damages caused due to man made incidents like fire, theft etc and natural disasters like earthquake, floods etc. Below are some benefits of buying home insurance –
- You get protection for your home and the belongings inside.
- In case of any mishaps, you get finances to recover easily and build a new home.
- Home insurance rates are relatively lower than other types of insurance costs.
Eligibility Criteria for buying Home Insurance Policy
- Home Insurance Plans can be purchased for the structure of the home only by the owner of that particular house. It may be an individual or a company.
- In case you are a tenant and live on rent, you can still get your belongings insured. This will keep you protected from theft, fire etc.