Types of Home Insurance Plans that You Can Choose

A popular saying goes as ‘Home is where the heart is’. Indeed, there is nothing more comforting than our home. Whether it is a rented place or owned, we take utmost care of the place where we stay. But often we neglect the importance of securing it with a suitable home insurance policy. Most of us think that insurance coverage for home isn’t required. Often what we do not realize is that having house insurance is crucial and not be neglected in an otherwise uncertain world.

Why Home Insurance Is Considered Important?

Having a home insurance policy will give your house long-lasting protection. It safeguards you financially from any kind of calamity whether manmade or natural. Besides, even if you are a tenant in any metro or urban city, you can also protect your belongings against any eventuality by having Home insurance coverage. You can also look at securing your personal belongings such as furniture, laptop, television, etc. Yes, you read it right! You can not only insure your home but also its contents. Owning a home is not only a privilege but also a big responsibility. *Standard T&C apply

Understanding the Types of Home Insurance Policies in India 2023

With a plethora of home insurance plans available in the market, selecting a plan may become a tedious task. There are various house insurance plans available in the market for the varying needs of the customers. At Bajaj Allianz General Insurance, we offer the following types of home insurance policies:

1. My Home Insurance Policy: An exclusive home insurance all-risk policy designed that offers coverage not only to the house but the content and other valuables inside it. Whether you are a homeowner, landlord, or tenant of the house, you can avail of this plan and enjoy the home insurance benefits.*
2. Comprehensive Householder Package Policy: This policy offers protection for the property, domestic and electronic appliances, and interests of the insured and its family members. A comprehensive home insurance policy that offers cover against fire and allied perils, burglary and theft, breakdown of domestic appliances, and much more.*

*Standard T&C apply *Note: For more details, please refer to the product brochure.

How to Choose the Right Type of Home Insurance Policy?

Well, you can always look for a home insurance online plan. Make a comparison of home insurance quotes, features, or benefits offered within a plan. Moreover, to make a wise decision in choosing the best home insurance coverage, the below questions will enable you to make a wise decision:

1. What do you think are the scenarios that can cause damage to your house or the content/valuables inside it?
2. What are the assets that you want to cover?
3. The assets that you wish to cover, who owns them?
4. What is the value of the assets or what value does it possess for you?

*Standard T&C apply

The Bottom Line

Always choose a comprehensive home insurance plan as it offers an array of benefits. To know the amount that you would end up paying as the premium, you can also use the home insurance calculator. If you already have an existing policy, ensure to renew your home insurance timely. If the renewal date is missed your policy may get lapsed. The terms and conditions will vary from insurer to insurer.   *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.