4 Reasons Why You Should Buy a House Protection Insurance Policy

A house protection insurance scheme is primarily designed for travellers. Burglary is one of the events that might occur when you are away from home. You will end up losing several valuables when it happens. You can make sure that you remain covered in such scenarios with a suitable insurance policy in place.

Some of the reasons why you should buy a house protection plan include:

  1. High coverage limit

You can opt for the  home protection insurance scheme from the easy to avail Pocket Insurance policies brought to you by Bajaj Finserv and benefit from coverage of up to Rs. 5 Lakh.

  1. Wide range of items covered

Some of the items covered under this policy include consumer electronics, CD/DVD players, refrigerators, TVs, computers, stereo sets, apparel, and furniture. Not only these but loss of cash and cheques are also covered by a home insurance policy.

  1. Covers theft and loss

A house protection insurance policy covers theft or damage of items during a burglary that may take place when you are on vacation.

  1. Protects you against damages

Damage to your belongings is inevitable when a burglary takes place. Under such circumstances, the repairing costs might be quite heavy. In some cases, the damages may be beyond repair.

Avail a home emergency protection insurance scheme to ensure you meet all such expenses and make up for the losses.

These were some of the reasons why you should avail a home protection insurance policy before going on a vacation.

How to apply for a home protection policy?

A majority of insurance providers offer home protection plans with easy online application procedures. You only have to provide your personal information and make the premium payment through convenient and secure channels like mobile wallets, credit/debit cards, netbanking, etc.

What are the terms and conditions of home protection insurance policies?

Some of the terms and conditions laid down by insurance providers include:

  1. Claim amount

Insurance providers will not provide a sum that is more than the cost of replacing the missing or damaged items.

  1. Duration of the policy coverage

Your home protection cover will begin 24 hours before the commencement of your journey and will come to an end after 24 hours of your return time.

The policy may also come to an end on its expiry or due to any other event mentioned otherwise.

  • First Information Report (FIR)

A house protection insurance plan requires a First Information Report (FIR) to confirm the occurrence of the event and loss or damage of items. You must file the FIR within 6 hours of the burglary.

How to make a claim?

You have to report the burglary to your insurance provider within 6 hours of the same. The insurer will provide a claim form which you have to fill up and submit within 3 days.

Along with this form and FIR, some of the other documents that you have to submit include:

  • Bank account statement if you have lost cash or cheque.
  • Documents providing information about the type, nature, cost, and quantity of damaged and lost items.
  • Other relevant documents required by the insurance provider.

Avail a house protection insurance plan today before you set off on a trip. You can also opt for Pocket Insurance schemes like the domestic holiday cover policy brought to you by Bajaj Finserv. Such policies provide roadside assistance, financial assistance, credit card/debit card blocking facility, etc. to cover you against nearly any mishap which can happen while on trip.

Leave a Reply

Your email address will not be published. Required fields are marked *