House insurance policy to safeguard your house

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House insurance policy is a policy for getting house insurance. You have to buy house insurance so that your house is safe from dangers and threats.


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Common threats you house face

The dangers to your house are various. The dangers can be of accidental fire, theft etc. which is caused by humans. The danger can also be natural like earthquake, lightening etc. A fire can cause damage to your house and burn all your valuables, which you have stored in your house. An earthquake can cause a total collapse of your house.  Therefore the house is very prone to external and internal damages all the time. If you have your house insured you can be assured that your losses will be recovered.


Compensation for your home

A house insurance policy guarantees the policy buyer for compensation. The house insurance company fully compensates the policy buyer after the damages. The compensation amount consists of the entire amount of damage done. Therefore, a person is relaxed and feels comfortable after buying the policy.

The term of the policy is for any number of years as desired by the policyholder. In case of the policy buyer’s death, the nominee gets the compensation.


Nomination for your insurance policy

A nominee is quoted while filling the policy form and can be a family member, a relative or a friend. There can be more than one nominee also if desired by the policy buyer. The house insurance comes at a certain premium. The premium is an amount of money to be deposited to insurance company every six months or yearly by the policy buyer.


The premium amount is also notified to the buyer at the time of policy purchase. There are discounts on premium also provided by certain insurance firms. The discounts help in increasing the sales of house insurance policies and getting more number of customers. It also helps in creating more business of the house insurance company.

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