Ever wondered what would happen if there’s a break-in at your home and all your valuables including your LED TV, diamond set, etc. gets stolen? Re-buying all this stuff could cost you a fortune!
Thankfully, content insurance is there to cover such a loss. So, whether you own a house or stay at a rented one, all your personal property including jewellery, furniture and electrical goods are protected against risks such as fire, theft, flood, etc.
Need for Home Insurance
Home Insurance isn’t a luxury; it’s a necessity. And not just because it protects your home and possessions against damage or theft. Virtually all mortgage companies require borrowers to have insurance coverage for the full or fair value of a property (usually the purchase price).
In some cases, homeowner’s insurance is required. For example, if you have a mortgage, your lender is most likely going to require that you have homeowner’s insurance. Before funding your mortgage or refinancing, the mortgage company will typically ask you to provide proof that your home is adequately insured. That’s because the lender wants to be sure its financial investment in your home is protected if it’s by a fire or other certain risks.
In addition to home insurance, other types of insurance may be required by mortgage companies. These different insurance requirements may be based on where your home is located. For example, if your home is in a high-risk flood zone, you may have to have flood insurance.
What it Covers?
- Protection of content against fire, flood, earthquake, and lightning
- Domestic Mechanical, Electrical, and Electronic appliances
- Jewellery and valuables against accident or misfortune
- Burglary and House Breaking
- Personal Accident coverage for earning member and spouse
- Television set as well as accessories such as DVD and VCR
- Accidental breakage of fixed plate glass
What it does not Cover?
- Fire and allied perils
- Jewellery and valuables
- Domestic Mechanical Electrical, and Electronic Appliances
- Television set
- Fixed Plate Glass
- Personal Accident
- Burglary and Housebreaking
We provide tailor-made risk and insurance solutions to suit every individual insurance need of yours. Emedlife’s Homeowner’s insurance team works towards ensuring appropriate, innovative, and cost-effective risk solutions for your home insurance needs. Our Homeowner’s Insurance is comprehensive and flexible enough to fulfil your Home Insurance needs and protect you from any kind of natural damage or burglary. We understand the importance of swift response and efficient service in handling claims, which makes it more practical to get your Home Insurance through us.
Talk to us today to start protecting yourself at an affordable price and for reliable claims management.
For registration of claims and to learn more about our claims process please contact our dedicated claims team for advice on an incident/claim.