Motor Insurance
Does cover in Home Insurance
Home insurance which is generally known also as home insurance is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, additional living expenses or loss of any other personal possessions of the owner of the property, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.
Additionally, home insurance provides financial protection against unforeseen calamities. A standard home insurance policy insures the home along with all the objects kept inside. it's also called building insurance, property insurance, house insurance or home insurance.
Importance of Motor Insurance
Pays to repair the damaged vehicle
Theft of Car Personal accident cover
Third party liability cover
Damages due to fire
Offers compensation to the policyholder's family of accidental death
Types of Motor Insurance in India
This insurance policy covers any type of private car which is owned by an individual or mandated by Government of India.
Types of Motor Insurance Policy Cover
It covers the basic protection of your car against any theft, damage, fire or accident etc. including of the personal accident cover.
Accident Scenario in India
342 deaths per day, equivalent to a jumbo crash - no survivors
Source: The World Report on Road Traffic Injury Prevention
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Why do I need a Home Insurance?Buying a home insurance in India will provide you financial stability in the event of damage. In exchange for premium, the insurance company gives you assurance that they will take care of any losses like natural calamities, missile test damage, fire, burglary, etc that might occur due to damage to your property.
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For how much time can I take the Policy?From a minimum of 3years to 30years.
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What are the eligibility criteria to buy a home insurance?For Individuals - Any resident Indian who is the owner or occupant of the property For Society - Any authorized member of society's managing committee can buy policy to cover society building & common utilities.
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Does the Insurance Policy covers "Rent Loss"?Yes
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What if I sell the property during the Insured Period?You can cancel the policy and take the proportionate premium back.
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Why do I need a Home Insurance?Buying a home insurance in India will provide you financial stability in the event of damage. In exchange for premium, the insurance company gives you assurance that they will take care of any losses like natural calamities, missile test damage, fire, burglary, etc that might occur due to damage to your property.
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For how much time can I take the Policy?From a minimum of 3years to 30years.
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What are the eligibility criteria to buy a home insurance?For Individuals - Any resident Indian who is the owner or occupant of the property For Society - Any authorized member of society's managing committee can buy policy to cover society building & common utilities.
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Does the Insurance Policy covers "Rent Loss"?Yes
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What if I sell the property during the Insured Period?You can cancel the policy and take the proportionate premium back.