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Things you should
know about a home
insurance policy
• Home is supposed to be your most prized possession
and protecting it cannot be called an unnecessary
expense.
• Most people think of home insurance as an unnecessary
expense
• But you will only realize until you actually need it
• Buying the right home insurance policy will be worth
all your money invested
Tips to consider before
buying a policy
Know your requirement:
• Know the actual value of your
home, only then you will be
able to decide on how much of
home insurance you need
• Do not solely rely on insurance
agent, and keep a self-check on
your home’s value
Understand the risk:
Your premium will depend on several factors such as
• Pre-existing damage in the house
• Living habits
• Crime rate in the neighbourhood
• The area at which your house is located
• Proximity to the highways
Higher the risk of something
happening, higher will be the
premium
Keep a check on things that can save you
premium cost:
You can actually save a lot of money by keeping a few things in
mind
• Hi tech security system
• Burglary alarm system
• Fire alarms and sprinklers
• Advanced heating systems
• Advanced wiring and electrical system for the home
• Proximity of home to fire department
• A home located near a police department
• Well-structured and maintained stairs and sidewalks
Things you should know about a home insurance policy

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Things you should know about a home insurance policy

  • 1. Things you should know about a home insurance policy
  • 2. • Home is supposed to be your most prized possession and protecting it cannot be called an unnecessary expense. • Most people think of home insurance as an unnecessary expense • But you will only realize until you actually need it • Buying the right home insurance policy will be worth all your money invested
  • 3. Tips to consider before buying a policy
  • 4. Know your requirement: • Know the actual value of your home, only then you will be able to decide on how much of home insurance you need • Do not solely rely on insurance agent, and keep a self-check on your home’s value
  • 5. Understand the risk: Your premium will depend on several factors such as • Pre-existing damage in the house • Living habits • Crime rate in the neighbourhood • The area at which your house is located • Proximity to the highways
  • 6. Higher the risk of something happening, higher will be the premium
  • 7. Keep a check on things that can save you premium cost: You can actually save a lot of money by keeping a few things in mind • Hi tech security system • Burglary alarm system • Fire alarms and sprinklers • Advanced heating systems • Advanced wiring and electrical system for the home • Proximity of home to fire department • A home located near a police department • Well-structured and maintained stairs and sidewalks