Insurance is generally made to protect the assets from various mishaps. Depending on this we can also cover our housing assets under Home Insurance policy. The insurance policy is done between the company and the owner of the house regarding the housing assets. There is many home insurance companies present which provided their policies for home risks like fire, theft, earthquake etc. Home is a place where we keep ourselves more safely than other places. But if due to some accident our house items get damaged then the Home insurance is there to protects these all.
On claiming the insurance after causing certain damage, a sum of the amount on the basis of damage will get instantly paid to you. So without any worry create one policy from best Home Insurance companies and protect your home assets from mishaps. Here on this topic, we will give you some of the basic ideas about best home insurance company present in India.
Basic Details – Home Insurance Companies in India:
If you are still confused about the home insurance company to choose then this is a right place for you. Let us have a look at the details with pros and cons of the below-discussed companies.
· ICICI Lombard Home Insurance:
ICICI Lombard is the best Insurance company in India which provides you the Home insurance and other insurance too. The policy covers the overall structure of the house and it will be valid for 5 or 10 years only. If you need, then you can renew the policy according to your time period.
Pros:
1. You can also get the best discounts like 25% on contents of the house and 50% on the overall structure of the home.
2. Various benefits are applicable on the instant claiming of insurance after the cause.
3. Mostly all the types of Home mishaps are covered by this insurance policy.
Cons:
1. Drops in premium payment can lapse your insurance policy as well.
· HDFC Ergo Home Insurance:
The HDFC Ergo Home insurance is a joint venture between HDFC Ltd. and Ergo International. The policy covers the risks like fire, burglary, theft, lightning etc. After claiming the insurance, the related amount of money will be provided to the insured person for his home assets.
Pros:
1. The policy insurer will get 25% off discount with extra 15% of if they install a security system in their home.
2. From the time of claiming the insurance, within 48 hours the survey team will visit the spot.
3. The claim is getting processed as soon as possible after an investigation.
4. Unique umbrella policy gets provided for the owner who seeks the long-term coverage.
Cons:
1. Violation of company rules may lapse your policy and action may be taken against you.
· Tata AIG Home Insurance:
Four types of home insurance are basically provided by the TATA AIG home insurance company. They are Home secure supreme for appliance and jewelry, the Standard fire which is an ad on, home coupons for theft and terrorism and Insta-choice for an application which requires no documentation.
Pros:
1. The premium rate is very much convenient for all.
2. Almost all the mishaps in the home get covered by the policy of this company.
Cons:
1. Breaks in payment of a premium may withdraw the insurance policy from your home by the company.
IFFCO Tokyo Home Insurance:
IFFCO Tokyois a well-known name for the insurance company. Like another insurance segment, this company also provides you the home insurance as well. There are two sectors of the insurance policy provided by this company. They are Home Suvidha Family and Home Family Protector. Choose any one of the policy as your needs.
Pros:
1. All the related hazard in home insurance gets covered by this company policy.
2. Not only for your home, the family members also get protect or covered by this insurance policy.
3. One of the prominent Insurance Company of India is IFFCO.
Cons:
1. Very strict in terms of rules and regulation of the company.
Bajaj Allianz Home Insurance:
Bajaj Allianz Home Insurance provides you the three different plans in terms of Home Insurance. Including your home, the policy also covers the protection of your family members as well. All the best benefits are given to you against the causes happens with your home under insurance coverage. Thus you can choose this company to full fill your insurance needs.
Pros:
1. The premium amount of this company is very much reliable to pay.
2. Get the best time periods to cover up your home under the insurance policy.
3. Extra benefits for the owners who paid the premium in time.
Cons:
1. Irregular payment of policy amount may lapse your insurance immediately.
These are all the best home insurance company which you can choose to protecting your home from risks. Hope you all are satisfied with the information provided here about the basic detail with pros and cons of every company. This is a very much important thing which you need to do to cover your home and property.
