When a person buys a house he must consider buying home insurance as well. But before making a decision to buy house and home insurance both, one must make sure to get to know more about the best home insurance plan.
26 May 2013
New Delhi
It is important to buy house and home insurance together to guarantee security of a house but it is equally important to evaluate the cost of the contents and valuables inside the house to know the exact value of the coverage required.
If the contents of the house are well calculated then the home owner can expect a successful and fair claim settlement process. Otherwise the home owner will end up getting a compensation that is far less than what he actually deserves.
Make Notes On A Notepad: Before buying home insurance a person needs to make to get a notepad and look at all the contents of his house one by one. Almost every item in the house has some monetary value. A person must make a list of contents kept in each room and also make sure to note down their monetary value as well. It will be beneficial and will avoid confusions if the contents of each room are written separately on each sheet.
Collect All Important Receipts: When purchasing home insurance the home owner will be required to present a list of receipts of all valuable items in the house. The insurance provider will require this list to evaluate the loss incurred in case the home owner files an insurance claim. The list will behave as a valid proof and will help evaluate the monetary value of each item. Therefore, it is beneficial to gather all the receipts in relation to the valuables present in the house. If the receipts are missing the insurance company might offer the insured a much lesser amount than the actual value of the item lost.
Make Use Of Digital Camera: It is wise to click pictures of different areas in the house showing the items present in the house. This will behave as a valid proof about the actual condition of the items in the house at the time of purchasing home insurance. So fetch a digital camera and click as many pictures as possible of the valuables in the house.
When a person plans to buy house and home insurance together he must make sure to evaluate the home contents with respect to their current market value. Searching online a person can get to know more about the best home insurance plan.
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The above content has been posted by a freelancer insurance agent who has a huge experience in the field of general insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space since past several years.