And it is your responsibility to take care of your home with Home Insurance Pakistan. The duty does not end after building the house in fact; it starts from there. The maintenance and upkeep take a lot. In tackling all the care and other home-related issues, Home Insurance Pakistan can come handy. Every person wants his home to be a perfect and safe place to go as we are and not be questioned. So
There is nothing more important than a good, safe and secure home:
Home Insurance Pakistan serves best for both Homeowners and Renters Insurance. Buy a policy that can protect and cover your home from unwanted happenings.
What you can get in standard Home Insurance:
It is a huge question when you buy a policy, what will be included in it? A standard Home Insurance plan consists of the following factors.
- Dwelling Coverage
It is the first thing that comes to mind when we talk about Home Insurance. It provides cover from damages due to fire, wind, hail, etc. An acceptable policy should give you enough coverage so that you can build your house again after unwanted accidents. Dwelling coverage is the first thing you should ask for from your insurer.
- Other Structures Coverage
This facility protects extended potions of your houses such as garages, stores, or fences. This protection can be purchased on your demands and according to the cover that you want.
- Personal Property Coverage
It provides coverage for your thing if destroyed because of perils. These things include jewelry, clothes, furniture, and other valuables. Coverage is not essential just for a house, but an acceptable policy protects you fully and gives you the facilities that can suit you the best. So buy the policy, which is a big yes in every expects.
- Personal Liability Coverage
It can provide coverage if someone gets hurt at your property or if someone is suffering property damage because of you. It can give you legal support and can pay on your behalf at the time need. If a company is not offering this facility, then you should think twice before buying.
- Loss of use coverage
The company bears all the hotels’ expenses and others when you are not living in your house because it is under renovation. This type of facility can come in handy when deciding to refurbish or maintain your home by working on it. It is not a must thing, but more is always right, so you should invest in buying full coverage for better results.
In short, a standard policy provides coverage for:
- Armed robbery, burglary, and housebreaking
- Earthquake
- Rain, Flood, Cyclone & Severe Storms
- Riot & Strike damage
- Acts of Malicious Persons
- Fire and Lightning
- Explosion
- Falling Aircraft and other Aerial Devices
- Water damage due to burst pipes
- Impact of Motor Vehicle
- Impact of falling trees
- Accidental loss breakage (glazing)
- Accidental damage to underground tanks
- Loss of Rent
Key takeaways of Renters Insurance:
Some key takeaways of renter’s insurance are as following
- Renters Insurance is similar to the homeowner’s insurance, but it is for those who rent or lease properties.
- The amount of insurance depends upon the type of policy you buy and the coverages that it includes.
- To get and maintain the renter’s policy, you have to give the company complete details about the possessions and other holdings.
- This type of policy provides cover for accidents like vandalism, theft, plumbing, and electrical malfunction.
- This facility provides benefits in two ways: paying the property’s cost before the damage and paying repair bills.
Key takeaways of homeowner’s insurance:
Some takeaways of homeowner’s insurance are as follow
- In homeowner’s insurance, the company provides benefits when your house is damaged and needs any maintenance or repairing. This type of insurance does not work if you are giving your property on rent or lease.
- The policy covers all types of interior, exterior, and any other damage, including any injury on your property.
- Every policy has some conditions and limitations, and it is a must to follow these things to get the best of what you want.
- A home insurance policy is entirely different from a home warranty or mortgage.
Different types of Homeowners Insurance Coverage:
- Actual cash value
- Replacement cost
- Guaranteed or extended replacement cost
Process of Making Claim:
Some steps for claiming insurance money are as follow
- Depending upon the loss, contact the relevant authorities such as the fire brigade or police.
- It would be best to act quickly to protect against the damage and complete all the procedures.
- First, call your insurer or company as soon as possible.
- If you cannot live in your home after the accident, contact your Life Insurance Companies in Pakistan to provide the facility.
- Make a list of all losses and give it to the company along with other details needed.
- Explain the details of your loss to the company.
- Choose the best option when the insurer gives you a choice between replacing, repair, or reimburse.
- Read every single document in detail.
