How to save money on your home insurance premium?

We understand that your home is one of the most valuable assets that you own. We also understand that it can be very devastating if some unfortunate event causes damage to this valued possession of yours. Thus, we recommend that you purchase a suitable home insurance plan. An adequate home insurance plan can handle your finances in case you suffer from any budgetary setbacks due to loss/damage done to your home and its contents by any unforeseen events.

Bajaj Allianz's home insurance policy covers you in the event of:

• Loss/damage done to your home and/or its contents due to natural disasters and asocial activities such as earthquake, floods, fire, theft, burglaries.
• Loss/damage done to the portable equipment covered under your policy anywhere in India.
• Accidental loss/damage to jewellery and valuables
• Loss or damage to curios, works of art and paintings

Along with these basic coverages, you can also opt for desired add-on covers which can extend the coverage for your home and its contents. While we at Bajaj Allianz offer home insurance plans at very affordable rates, you can further lower your home insurance premium rates with the help of the following pointers:

Choose your home insurance proactively

The best way choose a home insurance policy is to first compare the coverages and benefits offered by all the insurance providers in the market along with their premium rates and then purchase the home insurance plan that you find satisfactory. If you have a home insurance policy bundled with your home loan, then it is best advised that you check if this is a comprehensive policy.

Select the add-ons covers wisely

While there are numerous add-on covers to choose from, you should choose the add-on covers wisely depending upon your requirements. Opting for unnecessary add-on covers can increase your premium. We at Bajaj Allianz offer the following add-on covers:

• Loss of Rent Cover
• Temporary Resettlement cover
• Key and Lock Replacement cover
• ATM withdrawal Robbery cover
• Lost Wallet cover
• Dog Insurance cover
• Public Liability cover
• Employee's Compensation cover

Install safety equipment

Many home insurance policy providers tend to lower the cost of your premium if you have some safety equipment installed in your home. Smoke alarms, fire extinguishers, WiFi thermostat, CO (Carbon Monoxide) detectors and deadbolt locks are some of the safety gears that you should install in your home. They not only enhance the safety of your home, but also help in lowering your home insurance premium.

Opt for voluntary deductibles

Voluntary deductible is the fixed amount that you have to pay from out of your pocket before your insurance kicks in, every time you file a home insurance claim. If you choose a higher voluntary deductible, then your premium goes down.

Long term discount

At Bajaj Allianz, we give our customers an opportunity to choose a home insurance policy for a longer term (2 or 3 years). If you choose long term home insurance policy you can avail discounts on your premium amount for up to 20% depending upon the tenure of your policy. We hope these pointers will help you choose the best home insurance policy for your home at affordable prices. You can check out our various home insurance products and the coverages offered by them on our website - Bajaj Allianz Home Insurance Policy. *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.