There are several types of home insurance to choose from various range of home insurance. Leading home insurance companies and banks in India offer a broad range of home insurance policies. To choose the right type of home insurance and to understand the necessity of the policy according to the requirement, it is essential. Therefore, here in this post, we have provided the details of types of home insurance available in India, so go through the information penned in this article.
In this article, below, we have listed the name of some most famous and renowned types of home insurance policies that one must have being a homeowner. Moreover, if you are looking for the types of home insurance, then you are at the right place, because here for all of you we have provided the details of types of home insurance. So, check the details penned below.
In a nutshell, different types of home insurance include different coverage depending on the preference of clients. Through the information discussed below, you will get to know about the varied types of home insurance in India.
Different types of Home insurance
- Buildings Insurance
This type of insurance covers the structure of your house from any danger or risk. In addition to this, the building insurance policy also protects any permanent fixtures within the home. It involves the fitting of the kitchen and bathroom and even the ceiling/roof of the insured house.
- Contents Insurance
In this type of insurance, it also involves the protection of the content inside the house on which you have spent a lot of time, and money deserves equal protection. This types of insurance policy protect the goods that are inside the house from damages and loss owing to theft, flood, fire and other mishaps.
- Landlord’s Insurance
As a landlord, it is entirely your responsibility to take care and upkeep the building/apartment and the structure of the house. The landlord insurance policy is designed for landlords. Along with this, the landlord insurance covers things such as loss of rent and public liability.
- Tenants Insurance
Tenants insurance is available for those types of people who are renting or subletting a single-family home, apartment, studio, duplex or townhome. These types of insurance, it mainly covers the policyholder belongings, liabilities, possible living expenses in case of a loss event.
- Listed building Insurance
The listed building insurance policy covers the structural part of the property against damage caused by flooding, theft, storms and fire. Under the same policy, the content also gets protected and provides cover for the valuables, such as TV’s, Jewellery and electrical goods.
- High valued home insurance
The high valued home insurance offers better quality coverage for the buildings that have a higher than the average value. The high-value home insurance is for heritage homes or homes with particular features of design elements.
- Non-standard construction
The Non-standard construction is a type of home insurance for those that do not qualify or are refused standard home insurance. One can buy this type of insurance when dropped by the insurance company or at the time of purchasing a new home.
So, these all were the details related to the types of home insurance. Thus we hope that the information provided above was helpful for all of you. Hence if you all find the details satisfactory, then share this post with others, so that they can also get aware of different types of home insurance policies.
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