In this video, we will discuss about why you need to buy home insurance or householders insurance policy
Edited Highlights
0:02 In this video, we will discuss about why you need to buy home insurance or householders insurance policy
1:07 Householders insurance policy is offered by general insurance companies
1:25 We can insure our house under this policy. This includes the loss to the building and its contents
1:37 Loss to the building can happen due to fire caused by internal or external factors
2:08 The insurance gives the money to rebuild the house
2:12 Loss could also be due to earthquake or other natural calamities like floods
2:22 Second part of the householders policy is about the contents in the house
2:41 One has to provide the list of content such as furniture, fixture, fittings and electronic equipments like television and refrigerator
2:57 You will also need to give the valuation of the gadgets
3:12 You can also ensure valuables in your house like jewellery
3:29 Some householders insurance policies also cover jewellery kept in bank lockers
3:49 Loss due to burglary in the house is also covered by householders insurance policy
4:14 You could also include cash in the Householders Policy. You will need to declare the average cash
4:35 You can also cover personal accident in this policy for all the inhabitants of the house
5:05 If you have adequate security measures and equipment in your home and its vicinity, you may get some discounts
5:30 As you add new features in the Householders Insurance Policy, premium rises
