WHAT IS HOME INSURANCE?

 

Home insurance is a form of insurance that offers protection to the structure and contents of the house in the event of any physical damage incurred to the house by any unavoidable perils .Though Home insurance is not mandatory to buy in India however it is quite necessary for the financial safety.

For understanding, Home insurance policy is an agreement between the homeowner and insurance company (insurer). The insured (policyholder) promises to pay a fixed amount of premium to cover unforeseen losses and insurer will be indemnify the losses as per the insurer's guidelines.

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