Quake-proof Your House

By Author: Shyam kumar
Total Articles: 7
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Today, primary thinking of individuals is that to get our life insured and take proper life insurance. For this we search for companies having good market value for Life Insurance giving good life insurance services. But the same time we fail to mark the consequences of disasters like earthquake and tsunami having direct effect to our home or property. After Japan, Residence or commercial Properties in India are also in danger positions and becomes necessary to have necessary precautions.

While there's very minute scope to have control on natural calamities like earthquake, tsunami or floods, preventive steps can be taken to cushion against the after-effects by taking the relevant property insurance. Though the expenses or cost of insuring a Property in India is very low, many of Indians are not ready yet and have covered their against natural disasters. However, the day to day expenses covering our residential properties or commercial property for RS 30 lakh is not expensive as compared to the price of a small cup of coffee. But obviously benefits or profits associated ...
... for getting the residential or commercial property insured is high compared to outweigh cost we incurred for the insurance of the property, says Manoj Varma Property expert from Makaaniq.

Points to consider

At the beginning the very first step while purchasing or buying a property, the concept of home insurance should also be kept in mind. Therefore the expenses to cover the damaged to the property should also be taken in to consideration. Property insurance must also cover the expenses of reconstructing the broken property,
This is very simple and easy process in practical to follow, for example if you are dwelling in a residential complex, your house property might be already covered against damage which can be easily verified with your respective builder. Real Estate Property price in India are growing to a high peak and some of the builders now a days offer all facilities or services once you plan to buy a property and such deals deals through builders cover your property against the natural disasters.

Insuring Household Valuables

The basic property insurance fulfills the limited or only the structural damaged against the home property, instead of the belongings or contents of the home. Hence to cover household valuables or stuffs. We have to pay extra premium in order to buy an extra cover of property insurance depending upon the value of insured things. Here monthly premium for items to get insured is little high since they are risk covered against theft and damage.

Apart from this, there are bowed stringed instruments bonded as it pertains to spreading over the depicted objects. For example, many insurance companies take firm stand that your chosen economic value of jewelry struggling to be more 30 % of the full economic value of messages. This is very to foreclose the insurance from existing misapplied.

Making a proper claim

Just in case property gets impairment, the policy holders have to directly inform the underwriter specialized in the incident and the deprivation received. He we will need to after that fill up the claim form and resign transcripts of the policy, the constabulary FIR TREE and terminal study, bills, price lists as well as the fix estimations. This should be only performed within the qualified period of time.