Householder Insurance, India

<h1>Householder Insurance, India</h1>Author: <a title="Bharat Prajapati" href="http://www.articlesbase.com/authors/bharat-prajapati/185121.htm">Bharat Prajapati</a> Every individual dreams to buy a house for his only family. It takes almost a lifetime to build a house for an average income person, and if due to natural calamity, if something unusual happens to that house then the poor person may not be able to bare the pain. No one can predict a natural calamity like earthquake. Therefore,taking home insurance is very important. <a href="http://www.apnainsurance.com/home-insurance-india/kyi.html">Home insurance</a> policy protects you from other hazards like cooking gas explosion, fire due to electric short circuit and etc. Home insurance policy available in the market generally covers these thing: <ul> <li> Building structure </li> <li> Contents inside the home </li> </ul> Insurance Covers for a Building Structure are: <ol> <li> The Fire and Special Perils Cover </li> <li> Earthquake Cover </li> <li> Terrorism Cover </li> </ol> The market value of the home is not covered by the insurance because the price of the home is adding up of the cost of the land and the cost of construction of the building on the land, but the land cannot be insured. The insurance policy is only for the cost of the building construction. The sum insured is calculated by multiplying your home area by the construction rate per sq. feet. Insurance Cover for Contents Inside the Home: This cover is only for damages or loss incurred in the house- Electronic goods, furniture, clothing, jewelry and any other contents inside the home. The following are the subject that can be covered:- <ol> <li> The Fire and Specials Perils Cover. </li> <li> Earthquake Cover. </li> <li> Robbery. </li> <li> Damage to things due to robbery. </li> <li> Loss of jewellery, gold ornaments and other precious things. </li> </ol> All these valuable are covered on the market value. This means that if there is a loss, the claim would be paid on the value of purchasing a similar new item, minus depreciation.About the Author: Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/insurance-articles/householder-insurance-india-1056414.html" title="Householder Insurance, India">Householder Insurance, India</a>

Every individual dreams to buy a house for his only family. It takes almost a lifetime to build a house for an average income person, and if due to natural calamity, if something unusual happens to that house then the poor person may not be able to bare the pain. No one can predict a natural calamity like earthquake. Therefore,taking home insurance is very important.

Home insurance policy protects you from other hazards like cooking gas explosion, fire due to electric short circuit and etc.

Home insurance policy available in the market generally covers these thing:

Building structure
Contents inside the home

Insurance Covers for a Building Structure are:

The Fire and Special Perils Cover
Earthquake Cover
Terrorism Cover

The market value of the home is not covered by the insurance because the price of the home is adding up of the cost of the land and the cost of construction of the building on the land, but the land cannot be insured. The insurance policy is only for the cost of the building construction. The sum insured is calculated by multiplying your home area by the construction rate per sq. feet.

Insurance Cover for Contents Inside the Home:

This cover is only for damages or loss incurred in the house-

Electronic goods, furniture, clothing, jewelry and any other contents inside the home.

The following are the subject that can be covered:-

The Fire and Specials Perils Cover.
Earthquake Cover.
Robbery.
Damage to things due to robbery.
Loss of jewellery, gold ornaments and other precious things.

All these valuable are covered on the market value. This means that if there is a loss, the claim would be paid on the value of purchasing a similar new item, minus depreciation.

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Article Tags: India, Home Insurance, Insurance, Policy, Householder Insurance

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