Home is a big investment so investing a little to protect it with some sort of Homeowners policy is not a big deal. Many of the new homeowner investor’s invest in the homeowner insurance at the time of purchase of new home with the concept in mind that, we all hate risk and when we talking about the risk on such huge investment we can’t give it a chance and buying some insurance will assure us financially safe in case of unseen events. But there is lots of confusion regarding what is covered and what is not in homeowners policy, so before you give your consent and sign that documents it’s better to know what should be written on it, so read below Packers and Movers in Mumbai guide and choose the best plan for your homeowners insurance policy.
Before you move to your new home it’s better to know what you can do to protect your belongings.
What Homeowners Insurance actually covers:
Every homeowner’s policy can very plan to plan specifically but there are certain general rules in other words 4 coverage areas a standard homeowners policy.
In case of disaster what is structural coverage?
A homeowner insurance policy, doesn’t cover structural damage like wear and tear with the period of time but covers any structural damage happens due to natural causes like fire and tornados, it may be refer as dwelling coverage which covers all part of home including add ons like garage or deck. Packers and Movers in Mumbai have specialized and qualified team for handling any type of move so feel free if you are moving long distance or short distance your trustworthy partner is just one call away.
Personal belongings coverage:
Most homeowners insurance policy covers 50% to 70% of the personal belongings of the customer if they are damaged due to natural disaster, but there are certain limits in which property coverage depends like most of the policy providers don’t cover high end value goods like jewellery. Before you lock the deal check what in the plan regarding your personal belongings and it you want to cover something which is not included in that, ask for any supplemental insurance available for it. Do you know some of the insurance policies even cover the area of home outside the four walls that is some policy even covers tree and plants outside your home. Wanna move your plant and pet safely to your new home then contact Local Packers and Movers in Mumbai.
Range of liability coverage.
If someone visit you and they get injured in your home, then you may have to reimburse them for the damage caused to them, like a guest trips on a busted floorboard and break their hand or leg then they can sue you to reimburse their medical expenses. Do you know homeowners insurance policy also covers the cost related to another person injury on your property. This may include wages lost, medical bill and court expenses related to the law case.
Non attached structure coverage:
If damage to the home is due to the natural disaster and in that damage some non attached structures like shed and fences get damaged too then some homeowner policy cover the repair and other associated cost related to it. This cost is extra, so while availing the policy make sure the structure is free standing on your property.
Things not covered by policy:
Just like knowing what is covered in homeowner policy knowing what is not equally important.
Flood: damaged caused by flood to your belongings and personal property is not covered under policy, yes it’s true, now you will ask doesn’t flood comes in natural disaster, it comes but not for homeowners policy if you wanna cover damage from flood buy additional insurance. Need insurance for your move call #Movers and #Packers in #Mumbai.
Damage due to carelessness:
Beside from personal property damage claims and damages due to circumstances out of our control, so basically what is not covered is damage due to out of your control areas, for example damage due to improper maintenance. If your water pipe burst in the winter after all of your efforts then it’s not your fault you try to avoid the damage but if it burst due to your negligence means you havn’t taken the required steps to protect it from happening then you will liable to handle the damage #cost.
Earthquake and landslide:
Similar to flooding you also need separate insurance for covering damage due to landslide, sinkholes and earthquake.
Other things you must take care as a homeowner:
- Dog bites on your property.
- Sewer backups.
- Mold.
- Trampoline accidents.
- Termites.
Remember always read the documents carefully before you sign it because to avoid unpleasant surprise at the time of claiming for damage, like oops it’s not covered sorry.
While #moving to your home you have to take care of lot’s of things looking at the construction, saying goodbye to the friends, handling other important matter than who will handle your #move carefully, you may ask for help from friends or professionals like Packers and Movers in Mumbai.
Source url: https://blog.packersmoversmumbaicity.in/2021/02/a-complete-guide-on-homeowners-insurance-packers-and-movers-mumbai.html
