Home Insurance
Every day we’ve to deal with many risky things. As a result there are many possibilities to occur an accident; even we can lose our life also. In a family when a man died, they can be ruin, such as loss of properties, loss of a great income source and others. That’s why people always think to utilizes their life, their properties well and thinking how can they do something when their life or their properties unfortunately face any danger. By answering those question peoples invent insurance policy.
Insurance is a protection, source of distribution of loss of few people into many persons. It is the shield of properties when it faces any danger. Though, insurance doesn’t give the guarantee of life. It can only help a family or properties to find backup during any problems.
Insurance has to follow some principles. That is, insurance is the contract of indemnity, contract of trust, principle of utmost good faith, principle of condition, principle of interest transfer, principle of service, principle of quick payment of claim.
There are many kinds of insurance are available. Today we will know about Home insurance. But let’s check some other insurance. We can easily find- insurance joint insurance, annuity insurance, personal accident insurance, health insurance, double insurance, marine insurance, fire insurance, automobile insurance, livestock insurance crop insurance, machinery insurance, pension, insurance disability insurance, unemployment insurance, sickness insurance etc. How long it is!
Home is a property. It is not a matter whether men lives’ single storied buildings or multistoried building but important factor is that, is it safe? Is it safe when an uncertain natural calamity comes? Like –fire, earthquake, flood etc. There is way to solve this problem. That is Home Insurance.
Home insurance can help when home is damaged by something. Most of the people don’t be able to pay for the repairs when home is damaged .So that’s why a home insurance is very important.
There are two types of home insurance that is buildings and contents cover. Home insurance cover the structure of a home, like-wall, windows, roof & also it includes the permanent fixtures such as kitchen and bathroom suite. It’ll take action in the case of storm, fire, flood, theft, falling trees etc. And the other is entire building. They will provide service for any single problems for it.
Great features! We can enjoy those easily. Just we’ve to open an account and have to pay the premium for insurance. Premiums are based on some factors. That is– insurance value, nature of the insurance policy, period of the policy, management expenses, interest of investment & nature of risk.
Now I’m elaborating it some more. We can pay two types of premium, one is net premium and other is gross premium. In net premium same amount of insurance money is refer for the premium. But in grows premium add some extra things like-doctor fee, stamp fee etc.
We can enjoy great facilities from Home Insurance. It reduce the risk, ensure certainty, provide protection, give financial indemnity, mental peace, reducing dependency, increase capital formation, rise of social status. Truly great features!
I think we have found some importance of Home Insurance. It is very important for a home, for a family for safety. So, it is the time to have a home insurance for our house.
