Home Insurance
Home is where the heart is! A home is place where you can gain comfort and unwind from all your troubles. So shouldn't that be given some significance?
What is Home Insurance?
The essence of home insurance is to protect your home from man-made or natural risks from various external perils. The policy provides coverage to repair and replace your home contents in the event of damage.
What does Home Insurance cover?
There are a host of things that can be covered under a home insurance policy. The basic coverages are as follows:
- Perils such as fire, lightning, explosion, third party collision, aircraft, water damage such as water pipe leakages.
- Natural disasters such as windstorm, flood, earthquake, volcanic eruption, tsunami caused by nature, hail storm.
- Compensation for temporary accommodation.
How important is Home Insurance?
When thinking about insurance, home insurance is often overlooked, as motor insurance and health insurance generally gets the nod in terms of priority. However, especially in Thailand where changes in climate is often extreme, multiple threats are often posed, especially flooding. After all, your home is one of your most valuable possessions, containing important belongings, memories and comforts, and without insurance, it can be taken away abruptly without any indemnification.
Who needs Home Insurance?
Home insurance will come in handy for people with homes or condos. It does not matter if you are the owner or renter, home insurance can help you protect your prized possessions.
How much does a Home Insurance policy cost?
Typically, the premium for a home insurance policy depends on the value of contents that is insured. The higher the value, the higher the premium.
