This Ganesh Chaturthi, Get the Bappa's blessings for your family and insure your home with right home insurance plan

India is a land of festivities and what better way to start the festive time of the year than with Lord Ganesha. Ganesh Chaturthi is a 10-day long festival celebrated to honour Lord Ganesha, the god of intelligence. Lord Ganesha, fondly called Bappa is associated with new beginnings and is considered a remover of the obstacles. This Ganesh Chaturthi, get Bappa’s blessings for your family in the form of home insurance by choosing the right home insurance India plan.

Importance of Home Insurance & Why You Need It

Owning a home is right up there when it comes to life’s milestones. While the joy of buying a house is unparalleled, taking home insurance India plan is one of the most important yet overlooked types of insurance. Home insurance provides cover against a variety of risks. Several factors make home insurance a must-have, some of them are listed below.

• Covers a lot more than just your home

  A home insurance policy covers a large number of risks ranging from physical damage to the damage caused by natural disasters to the losses incurred due to burglary or theft. So it’s not just your property that is insured against damages but your valuables as well.

• Provides replacement

  With home insurance you get compensation for the losses incurred due to damage to your house. Based on the type of home insurance you choose, you can avail of the additional benefits provided under the replacement cost policy. Under this policy, in the event of damage to your house, you are eligible for the replacement of the damaged goods. Before finalizing the home insurance, It is prudent to check if your home insurance has a replacement cost feature for homeowners.

• Easy on your pocket

  Insurance premium is one of the key deciding factors when choosing insurance. The amount of premium in the case of home insurance is directly proportional to the value of the property. Often overlooked and considered an unnecessary expense, home insurance provides immense benefits for the nominal premium it costs. For a home worth INR 40 Lakhs, you can get it insured for as low as INR 2000 premium per annum. If you wish to go for comprehensive coverage, the premium amount can go up to INR 5000 for one year. A small amount for the benefits it provides.

Perfect Gift For The Festival - HDFC home insurance

The festival season is upon us which means it’s time to start working on your things-to-buy and things-to-gift lists. Apart from the festival’s favourite items such as gold, clothes, accessories, etc, add a new item to the list, an HDFC ERGO home insurance. It makes for a perfect gift as it provides financial security to your most valuable possession, home. Among all the benefits that home insurance provides, the most important is the peace of mind associated with the safety of your home and family. To know more about the features and benefits it offers, visit the HDFC ERGO website.

How to Select the Best Home Insurance?

It is better to prevent and prepare than to repent and repair. This phrase aptly addresses the quandary regarding home insurance and its worth. Here are some of the things to keep in mind while selecting a  home insurance India plan.

Determine your needs
 While looking for home insurance, you must identify your requirements to figure out the kind of insurance coverage you would need. 2.

Explore the options in the market

Once you have identified your requirements take the next step of exploring the home insurance options in the market. Due diligence is a crucial component of the exploration process that helps you to find out the option that suits you the best.

Check the claim settlement ratio of the insurance company

 Claim settlement ratio is a parameter used to gauge the worth of an insurer. This ratio helps a great deal to understand the capability of the insurance company to provide financial assistance at the time of need. A good practice while looking to finalise the insurer is to check their claim settlement history.

Look for add-on riders to extend the coverage

There are a few riders you can add to the home insurance to extend the coverage at an extra premium. You can choose to go for coverage of possessions in your home such as jewellery, furnishings, electronic equipment, etc.

Conclusion

The English idiom “Penny wise and pound foolish” is associated with decisions we make to save little amounts of money now but which can sometimes lead to huge monetary setbacks in the future. Home insurance is an opportunity to save those pounds of property repair costs by investing pennies of the insurance premium. So take Bappa’s blessings this Ganesh Chaturthi and insure your home to mark the new beginnings. Just like Bappa, your home insurance acts as a remover of obstacles and takes care of the financial obstacles that arise due to damages to your property caused by unforeseen incidents.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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