<p style="text-align: justify;">A self-owned home is a prized possession for all people and without a doubt one of the most important assets that you own. As buying a home is a costly investment, it becomes essential for you to guard it. Hence, you must purchase a comprehensive home insurance policy to protect it against any unforeseen events. However, ensure that you go for a scheme that adequately covers your property as well as your personal belongings.</p>
<p style="text-align: justify;">There is a wide range of home insurance policies available in the market that suit the needs of all customers. This allows you to select the right policy that fits your requirements.</p>
<p style="text-align: justify;">Mentioned below are the primary and most popular types of <a href="https://www.bajajallianz.com/home-insurance.html?utm_source=off-page&;utm_medium=paid-syndication&;utm_campaign=blogger-syndication"><strong>home insurance</strong></a> policies that you can avail:</p>
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<h2><strong>Standard fire and special perils policy</strong></h2>
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<p style="text-align: justify;">Every leading insurance company offers this policy. Coverage is provided against specific special perils and fire outbreak. House owners buy this coverage for their own house as well as for tenants residing in a rented house.</p>
<p style="text-align: justify;">The following damages to the insured home are covered under the standard fire and special perils policy:</p>
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<li>Natural calamities such as lightning, fire, volcanic eruption, bush fire, forest fire, earthquake, storm, flood</li>
<li>Damages caused as a result of explosion/implosion, man-made anti-social activities such as strikes, riots</li>
<li>Damage caused by the bursting or overflowing of water tanks, pipes, etc.</li>
<li>Operations that include missile testing</li>
<li>Damages caused by leaking automatic sprinkler installations</li>
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<h2><strong>Home structure or building insurance</strong></h2>
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<p style="text-align: justify;">A home structure or building insurance protects the structural foundation of your house from all kinds of risks as well as dangers. Any permanent fixtures within the home are also protected under this policy.</p>
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<h2><strong>Public liability coverage </strong></h2>
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<p style="text-align: justify;">Any damage caused either to a guest, i.e. a third party, or their property while staying inside your house is insured by the public liability coverage.</p>
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<h2><strong>Personal accident coverage </strong></h2>
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<p style="text-align: justify;">A personal accident <a href="https://www.bajajallianz.com/blog/home-insurance-articles/how-home-insurance-add-on-covers-can-benefit-you.html?utm_source=off-page&;utm_medium=paid-syndication&;utm_campaign=blogger-syndication"><strong>home insurance coverage</strong></a> protects you as well as your family. You get compensation in the case of permanent disability or death of the person(s) because of accidental injury while inside your home no matter where you are in the world.</p>
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<h2><strong>Theft and burglary</strong></h2>
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<p style="text-align: justify;">If a burglary or theft occurs in the insured house and any valuables are stolen or damaged, your policy will cover you for the same.</p>
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<h2><strong>Contents insurance</strong></h2>
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<p style="text-align: justify;">Along with your house, the things inside it also need equal protection as you have spent a lot of money on it. In the event of a theft, fire, flood, or other such mishaps, the goods inside your house will be protected with this home insurance policy.</p>
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<h2><strong>Renters insurance </strong></h2>
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<p style="text-align: justify;">Till the time you’re living in a rented house, it is more or less yours. Hence, every tenant must have this type of insurance. The main aim of this insurance is to protect your contents inside the house.</p>
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<h2><strong>Landlord’s insurance </strong></h2>
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<p style="text-align: justify;">If you are a landlord, the maintenance as well as the upkeep of the building/apartment/structure of the house that you are giving on rent is completely your responsibility. As a landlord, you cannot take up standard building insurance because other residents live in the building as well.</p>
<p style="text-align: justify;">To buy the best home insurance, you can first calculate the premium by using an online <a href="https://www.bajajallianz.com/general-insurance-calculator/home-insurance-premium-calculator.htmlhttps:/www.bajajallianz.com/general-insurance-calculator/home-insurance-premium-calculator.html?utm_source=off-page&;utm_medium=paid-syndication&;utm_campaign=blogger-syndication"><strong>home insurance premium calculator</strong></a> on the insurance company’s website and compare various policies.</p>

What Makes Home Insurance so Important?
