Hooray! It’s Diwali! Time to bring out those crackers and make a racket. There’s nothing quite like the festive season to bring the entire country to life in a spectacular show of light and colour. As much as everyone seems to enjoy this particular time of the year, a few of you may harbour quiet concerns about the damage stray firecrackers might inflict on your property.
Why Home Insurance?
We’ve all read horror stories in umpteen newspapers of silos and godowns going up in flames because of the hazardous nature of these mini explosives. So, while you might be having the time of your life gorging on sweets and doling out gifts, you can’t help but keep a close watch on potential pyromaniacs fizzing rockets into the midnight sky. With the way things are wired in India, all it takes is a small spark to start a raging fire of epic proportions.
You know this all too well as you gaze anxiously at the bundle of electric wires that hang from every pole just a few feet away from your doorstep. While you mull over all the probable worst-case-scenarios that might befall you and your home, a loud pop goes off behind you. This makes you literally soil yourself. You turn around nervously fearing the worst and half-expecting to see your house engulfed in a fireball that would make the sun seem like a tiny matchstick in comparison. Wiping the sweat from your brow, you breathe a huge sigh of relief. It was just your daughter opening a bottle of coke.
Some may call it paranoia, but it’s always better to be safe than sorry. This is exactly why Home Insurance could play a vital role in putting your strained nerves at ease. A Home Insurance policy protects your home as well as all your possessions inside it from all manner of damage or loss. And yes, this even includes fire, just in case you were spying that brand new box of rockets lying under your stairs.
Additional Reading: What Does Home Insurance Cover In A Fire?
Now that we’ve managed to get your attention, here’s why taking out a good Home Insurance policy could be extremely beneficial to you and your family, not just during this festive period, but at all times.
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Complete Coverage
A Home Insurance policy provides you with complete and absolute coverage against any loss. This includes any loss you may incur arising out of any damage to your home and your belongings within it.
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Specialised Protection
With additional covers to your Home Insurance policy, you could protect your home against all manner of uncertainties ranging from theft to natural disasters and much more.
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Security
A good Home Insurance policy will put your mind at ease as it serves as a safety net you can rely on.
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Simplicity
Home Insurance policies are easily available through most Indian banks. The application process is simple and a policy can be acquired within a short span of time.
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Payouts
In the event of any damage or loss to your home, the payout you receive on account of your Home Insurance policy can go a long way in providing a financial boost to you and your family in times of need.
With benefits like these, a Home Insurance policy should be just what you’re looking for. However, there are literally hundreds of banks out there offering Home Insurance plans. So, it can be a pretty time consuming and cumbersome task to decide on which policy to go in for.
To make things easier on you, we’ve put together a list of 5 Home Insurance policies that will take your mind off exploding crackers and let you celebrate Diwali like there’s no tomorrow.
Bajaj Allianz Home Insurance offers three types of Home Insurance plans, which are tailor-made to suit the needs of a broad range of customers. These insurance plans come with affordable premiums and add-ons. They provide you with protection against any damage or loss that may have been inflicted on your home, whether via theft, fire, or any kind of natural disaster.
ICICI Bank Home Insurance offers comprehensive coverage and protection for your home as well as the contents inside it. It also offers long-term coverage of up to 10 years to the structure of your house and protects against damage or loss caused by fire, theft, and any other natural or man-made risks. The scope of coverage can be designed as per your needs. Additional cover such as protection against damage inflicted on grounds of terrorism can also be opted for.
HDFC ERGO Home Insurance offers you a number of attractive benefits and covers all types of major risks ranging from fires and explosions to riots and theft. You can acquire this policy online without the need for any kind of documentation, making the process extremely convenient. In addition, you can also avail of 25% to 40% discounts if you choose to soup up your home with a security system.
SBI Home Insurance offers insurance policies with tenures that range from a minimum of 3 years to a maximum of 30 years. This insurance policy provides you with coverage against any kind of loss or damage to your house, whether man-made or not. The premium you pay towards your policy will depend on your location as well as the tenure you choose.
TATA AIG Home Insurance offers a wide range of benefits, of which flexibility in choosing your own cover option is among its most attractive features. This policy protects your home against fire and other risks, whether natural or man-made and requires no documentation. It also provides cover for any appliances that may be up to 8 years old and even offers protection for your valuables in the event of theft or burglary.
Additional Reading: Types of Home Insurance in India
Well, it certainly looks like you’ve got all you need to deflect those pesky crackers from turning your home into a pile of ash. Now get back to devouring those Diwali sweets without a care in the world.