Home insurance is an inevitable option in modern days.
As the real estate rates are increasing radically day by day in India, it is smart to insure your home in order to prevent unlikely damage to your house. Truth to be told, most of the Indians underestimate the value of home insurance. In fact, home insurance were not given priority as health insurance and other insurance services. It is not mandatory in India to have a home insurance policy as in many western countries.Getting Home insurance in India
Home insurance can be brought online in India. Standard home insurance in India covers from all natural disaster expect earthquake, fire, theft and burglary. Anyways, read your insurance documentation to ensure that your house is covered from all possible natural disasters and artificial accident. Unlike in many other countries, tenant may also buy a home insurance policy. Installing bulgur alarm or smoke detectors is not mandatory to apply for home insurance but installing them could reduce the premium amount considerably.Insurance companies offer two types of compensation for loss or damage to the contents of the home and they are compensation based on replacement value of the product and compensation based on the depreciation of the product. Choosing former type of policy is obviously more smart decision than the later, as the former policy is inflation proof.