Home insurance or property insurance covers the structure as well as the content of your home from unexpected loss or damage caused due to theft, natural calamity, fire accident, etc. You can cover your own house or rented house
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What does a Property Insurance Policy cover?
Fire accidents – Coverage on losses from fire caused by short circuit, lightning etc
Thefts and Burglaries – Coverage on losses from thefts and try to help you during your hard times.
Natural Calamities – Coverage on losses from natural calamities like floods, earthquakes, storms etc.
Man-made hazards – Coverage on losses from terrorist attacks, riots, strikes etc.
Exclusions in Home Insurance
Home insurance policy doesn’t cover the below:
Regular wear and tear and depreciation
Any damage caused due to war, invasion, the act of a foreign country
Loss or damage caused to any electronic equipment due to over-running or excessive pressure
Loss or damage caused due to volcanic actions of erosion
Any deliberate, wilful or intentional act or omission