Need for Home Insurance

Home is the first place where you wish to retreat back after a long journey or day toil. It is a place that is dearest to your heart; a place where you create some happy memories with your loved ones. That’s why you will take utmost care in decorating your home, keeping it neat and clean, and take measures for its safety.

Now what would you do if your precious home was to be damaged by unexpected natural disasters such as storms, floods, earthquakes, etc. Natural calamities can cause extensive structural damage to your home. Restoring it back to its original state will surely burn a hole in your pocket. To minimize the financial impact of such damage, a home insurance policy is recommended.

There are several benefits of owning a comprehensive policy such as Royal Sundaram home shield insurance policy. This policy will cover your home against perils such as fire, earthquake, lightning, explosion, aircraft, riots, storm, cyclone, landslides, and many more.

This policy offers the following covers:

1> Reconstruction Cost

Due to unfortunate events or natural calamities, the structure or the boundary walls of your house might get damaged. At such times, you will have to bear the costs of reconstructing the house to normal. All the costs incurred in reconstruction and refurbishment of the property are covered by a comprehensive plan. Such costs include restoration of walls, roofs, ceiling, etc.

2> Professional’s Fees

For reconstructing your home in case of accidental damage, you will require the assistance and professional help of an expert. However, the service of professionals such as architects, builders, masons, engineers, surveyors, etc. do not come free of cost. A comprehensive home plan will reimburse their fees under the standard claim settlement procedure. Fees reimbursed are limited to certain percentage of the claim amount.

3> Removal of Debris

Earthquakes, cyclones, etc. cause structural damage, leaving the house wrecked and surrounded by debris. All costs incurred in removal of debris are covered by this plan.