How to buy a home insurance policy?

Message Author
delicious-small Add to delicious
yahoomyweb-small Add to YahooMyWeb
blinklist-small Add to BlinkList
PostPosted: Tue Sep 05, 2017 10:34 am   Post subject: How to buy a home insurance policy?  

Home insurance continues to remain an ignored insurance product. A basic home insurance policy is a fire insurance cover that insures the structure of your house and its contents against fire and allied perils such as lightening, storms and floods.

A householder’s package policy (HPP), on the other hand, is a fire insurance policy that packs in more options. It also insures the contents of your house against burglary, damage and mechanical or electrical breakdowns. A home insurance policy is a must for all homeowners.The value of your house comprises three broad components, which are: cost of land, cost of construction, and locality costs (a house in a premium location would cost more).

The insurance covers only cost of construction. A civil contractor or a real estate broker will tell you the cost of construction and while it may vary depending upon the city, it doesn’t vary too much between one location and another. Now, there are two ways to arriving at the sum insured—first is on a market value basis or a depreciated cost basis, and the second is on a reinstatement basis.

For More Brand Video

Senior member
Leave a quick message

Joined: 02 Sep 2017
Posts: 245

49.65 Dollars($)

Quick Reply
Your Name
Message body
All times are GMT
Page 1 of 1

Get a Quote
Ask Community Experts

flash plugin

Quick Links

Must See


Hot topics in forums

Latest in blogs

AmPmInsure on Facebook

Page loaded in 0.210 seconds.