One of the most common calamities that cause damage to houses is fire. A fire outbreak can bring the house to rubbles. However, fire insurance covers a policyholder against damages caused by fire. A fire insurance policy protects a person against the cost of repairs to the house. It offers security against damage to the house or property.

Fire insurance policy is important as a fire accident is an unforeseen event. In such a case, a family can lose their house and valuable items. Damage to things such as the house’s structure can be expensive. Fire insurance can protect the policyholder in such situations as it offers financial assistance for the loss to the house. It also covers repair or replacement to the property or the house.

The insurer will cover the damage caused by a fire explosion. Fire insurance also covers items of a business or a house such as machinery, structure, etc. While the insurer covers damage due to fire, a fire insurance policy can also cover explosion, natural calamities, etc.

Benefits of Fire Insurance Policy–

• The insurer will cover damage due to lightning
• If the policyholder’s house suffers from a fire explosion, then the insurer will cover the damage
• A fire insurance policy offers cover against human-made calamities such as riots, etc.
• The insurer will also cover the policyholder’s house against natural calamities such as storms, etc.
• Damage caused by overflowing or bursting of the water tank is covered
• A fire insurance policy covers the policyholder’s house against damage due to bush fire.

The sum assured is one of the most important things that impact fire insurance policy. Some of the other things that factor in when deciding the sum assured are building, valuable items, furniture, etc.

People put their life’s earnings to buy a house and live in their own home. It is important to protect a house against fire damages. If there is a fire accident, then a fire insurance policy protects the policyholder against the expenses of damage.

However, a home insurance policy can also help a person. It offers financial assistance to the policyholder in case of damage to the house or property, and it also covers valuable items of a house. A policyholder can get protection against natural and human-made calamities.

HDFC ERGO offers an insurance policy that covers damage to one of the most expensive things a person can own, that is a house. The insurer offers a policy for tenants, homeowners, and housing society.

A home insurance policy covers the policyholder against damage caused by fire. It offers cover against human-made calamities such as theft, natural disasters such as earthquakes, floods, etc. The policy also includes accidental damage done to the property. While the policyholder’s house is under maintenance, the family can live in a rented house. The insurer will cover the cost of the temporary residence.

It is a person’s responsibility to secure his house. Damage to a home can cause problems for the family. Also, it is expensive to mend damages to a house. A home insurance policy offers security to the policyholders home and the property.