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Home Insurance: An Utmost Necessity
By Franchis
We know that home is an imperative part in our lives today so that we can secure our homes from natural or manmade catastrophes. So for securing our homes we need home insurance. Home is a kind of which is very useful in the case of personal property. It is required in the case of security of our homes. It is highly beneficial in the case of thefts or natural calamities or any other sort of our property destruction. The process involved is as follows:

We first buy a home (also known as homemaker‘s insurance) from any company like I.C.IC.I. from banks like standard charted bank or H.D.F.C etc. In the process of buying the home insurance, we have paid some amount of money to the company, according to the terms and conditions as fixed by the company. Then if any disaster or calamity occurs to our property that is, to our home, we can claim it from the company according to the terms and conditions again. We will not get the entire amount that we have lost in the disaster, but yes, a major portion of the money can be claimed after fulfilling all the responsibilities. The entire process involved

is very long and it takes a lot of time to claim the entire sum of money. But still if we neglect these disadvantages, we have many advantages as well which fill these loopholes. Therefore in today s world it is an utmost necessity to buy a home today to secure our homes.


Let us now discuss about the different types of home insurances available in the market today. There are many different schemes available in the market today, depending on company to company and also from people to people. These home insurances involve no paperwork, they can be bought online and the whole process can be done on the computer itself. This prevents alt tedious kind of work done on paper. The home policies include several things but it varies from policy to policy. Let us consider things in common like:

• Fire
• Storms and lightening
• Earthquakes
• Communal riots and violence
• Landslides and rockslides
• Crash of aircrafts on the houses
• Damage caused to the houses in the case of accidents by road vehicles. Etc

These are the various advantages of of home insurance. Hence it is an utmost necessity.
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