House Insurance
Hum Hai SurePath Financial Pvt Ltd
Home insurance, also known as house insurance, is a policy that provides financial protection against damages or losses to a residential property. It covers risks such as fire, theft, natural disasters, and structural damage, ensuring homeowners can recover financially from unexpected events.
- Property Protection: Covers damages to the house structure due to fire, floods, earthquakes, and other perils.
- Contents Coverage: Protects valuable belongings inside the home, such as furniture, electronics, and jewelry.
- Liability Coverage: Provides financial protection if someone is injured on the insured property.
- Burglary & Theft Protection: Covers losses due to break-ins or theft.
- Temporary Living Expenses: Some policies cover hotel or rental costs if the home becomes uninhabitable.
Features Of House Insurance
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Building insurance provides financial protection for residential and commercial properties against damages caused by fire, natural disasters, theft, and other unforeseen events. It ensures that property owners can recover financially from structural damage or loss.
Key Features
Structural Coverage: Protects the building’s walls, roof, floors, and permanent fixtures.
Disaster Protection: Covers damages from fire, floods, earthquakes, storms, and riots.
Liability Coverage: Provides financial protection if someone is injured on the insured property.
Burglary & Theft Protection: Covers losses due to break-ins or theft.
Temporary Living Expenses: Some policies cover hotel or rental costs if the home becomes uninhabitable.
Types of Building Insurance
Residential Building Insurance – Covers homes and apartments against structural damage.
Commercial Building Insurance – Protects offices, shops, and business properties.
Fire & Special Perils Insurance – Covers damages from fire, floods, earthquakes, and riots.
Landlord Insurance – Provides coverage for rental properties, including tenant-related risks.
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Contents insurance is a type of home insurance that covers the personal belongings inside your home against risks like theft, fire, floods, and accidental damage. It ensures that you can replace or repair your possessions if they are lost or damaged.
Key Features
Protection for Personal Items: Covers furniture, electronics, clothing, jewelry, and other valuables.
Theft & Burglary Coverage: Provides financial compensation for stolen items.
Accidental Damage: Covers unexpected damage to household items.
Natural Disaster Protection: Includes coverage for floods, storms, and fires.
Optional Add-Ons: Some policies offer coverage for items taken outside the home (e.g., laptops, bicycles).
How It Works
The policyholder selects a sum insured based on the value of their belongings.
If an insured item is damaged or stolen, the insurer reimburses the cost of repair or replacement.
Claims can be settled through reimbursement or direct payments to service providers.
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Public Liability Insurance provides financial protection to businesses and individuals against third-party claims for bodily injury or property damage caused by their operations. It helps cover legal expenses, compensation payments, and related costs if someone files a claim due to negligence.
Key Features
Third-Party Coverage: Protects against claims from customers, visitors, or the general public.
Legal Expense Coverage: Covers costs related to lawsuits and settlements.
Property Damage Protection: Pays for damages caused to third-party property.
Bodily Injury Compensation: Covers medical expenses if someone is injured due to business activities.
Optional Add-Ons: Some policies include coverage for pollution, transportation hazards, or accidental damage.
Who Needs It?
Businesses interacting with the public (e.g., retail stores, restaurants, event organizers).
Professionals offering services (e.g., doctors, consultants, contractors).
Companies operating in shared spaces or high-risk environments.
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Burglary and Theft Insurance provides financial protection against loss or damage caused by forced entry, break-ins, or theft at homes or businesses. While both types of insurance cover stolen property, burglary insurance specifically requires proof of forced entry, such as broken locks or damaged windows.
Key Features
Burglary Insurance: Covers losses due to forced entry into a property.
Theft Insurance: Covers losses due to unauthorized removal of property, even without forced entry.
Property Damage Coverage: Burglary insurance may cover damages to doors, windows, or security systems.
Cash & Valuables Protection: Covers stolen money, jewelry, electronics, and other assets.
Business & Home Coverage: Available for both residential and commercial properties.
How It Works
The policyholder selects a sum insured based on the value of their assets.
If a burglary or theft occurs, the insurer reimburses the cost of stolen items or damaged property.
Claims require proof of loss, such as police reports or security footage.
Standard Fire & Special Perils Policy – Covers damages from fire, storms, riots, and explosions.
Standard Fire Insurance, also known as Standard Fire and Special Perils Insurance, provides financial protection against damages caused by fire and allied perils. It is commonly used by homeowners, businesses, and industries to safeguard their property.
Key Features
Fire Damage Coverage: Protects against losses due to accidental fires.
Special Perils Protection: Covers risks like lightning, explosions, riots, strikes, storms, floods, and earthquakes.
Property Coverage: Includes buildings, machinery, furniture, stock, and other assets.
Add-On Covers: Options like debris removal, architect fees, and terrorism coverage.
Exclusions: Does not cover damages due to war, pollution, or electrical short circuits.
How It Works
The policyholder selects a sum insured based on the value of the property.
In case of damage, the insurer compensates for repair, replacement, or reconstruction.
Claims can be settled through reimbursement or direct payments to service providers.