Having a good home insurance policy in place is important at the best of times, but at this time of year when the value of items in your home tends to go up you need to make sure that you have adequate home insurance in place to protect your valuables against loss, damage, or theft.

A Home Owners Insurance Policy is designed to protect home owners against certain perils. There is usually a deductible when filing a home insurance claim unless noted. Individual home insurance policies are determined by named perils and exclusions in a policy.

In general, some of the following sections are available:-

1) Loss or damage to the building (optional cover if Insured is the owner of building) caused by Fire and Allied perils with burglary extension

2) Loss or damage to contents including valuables and personal effects against named perils

3) Valuable personal effect like jewellery, watches, lap tops etc and even credit cards can be covered for All Risks Insurance.

4) Personal accident : Death of Insured or spouse due to injury sustained out accident/theft at home.

5) Public Liability of Insured

6) Insured's Legal Liability to Land lord (if the insured is a tenant)

7) Extra expenses for alternate accommodation and loss of rent

8) Some fringe benefit like spoilage of food in deep freezers, replacements of locks following theft, cover for contents temporarily removed, accidental damage to household goods and furniture, cover for small boats re offered

9) Domestic Servant Covers: property,  legal liability to domestic servant,  accidental death and Permanent disability, medical expenses, repatriation expenses.

 

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