Dev Singhraha
Relocation Expert
Just yesterday, my uncle had come to our place to meet my dad. He seemed pretty tensed. On asking him the reason of his concern he told me how his house has suffered serious damage due an electrical default last night. A lot of his valuable possessions had been destroyed.

On talking to dad about this issue, he got a little relieved knowing that his insurance would help him in a great way.

There are a number of people out there who face the same situation but in some case, they don’t end up having a home insurance which is wrong. Accidents like these are not in our hands hence it is better to take prevention from before.

There are certain pointers that every person should ponder into before choosing an insurance policy. One can’t select any home insurance policy; one needs to be alert and aware of everything.
 
COUNT ON THE RISKS
The first and foremost thing a person should do is making a list of the things that are risky and valuable. Starting from the structure of your house to the valuable appliances like jewellery, electrical gadgets etc.
 
CHECK WHAT IS COVERED IN YOUR POLICY
After making a list of what needs to be protected; now one should look into what one’s policy can provide. Always prefer a policy which provides the most protection of almost all your valuables. Check for what all calamities it will ensure insurance. Check if the policy offers protection to just the structure or just content or it offers protection to both.
 
ACCURACY ON AMOUNT OF COVER
This is one important point as the value cannot be changed later when the loss incurred is more than what is claimed. Hence have knowledge about the valid and actual price of your possessions. One needs to have an idea about what amount would it require to rebuild a house if it is destroyed by an earthquake or what amount would be needed if valuable appliances are gone in a case of theft.
 
KNOWLEDGE ABOUT THE CLAIM PROCESS
One should have knowledge about the process for claiming insurance so that no one can fool or make extra money out of you. Mostly the process of claiming for insurance is same among all the insurers but there are some who tend to have or ask for a high ratio for claim settlement. Always provide genuine and accurate details in order to prevent delay. One should always have knowledge about what all documentation will be required for the claim so that they can prepare a file of them prior and thus have a hassle free process.
 
Being careful about these tiny things helps in getting a better and secured insurance.
 
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