In India, the smart homes revolution is reshaping the way we live. Many millennial and Gen Z homebuyers prefer smart homes equipped with sophisticated security systems, automated lighting, AI systems, smart appliances, and more. With the adoption of cutting-edge technologies in every space of life, smart homes seem to be an efficient and convenient choice […]
Articles Tagged: Home Insurance
How Insurance Works for Natural Disasters: Are You Covered?
Over the years, India has become prone to constant attacks from nature. All witnessed how the year 2024 brought a series of devastating natural disasters. Around 51 cloudburst and flash flood incidents were reported in Himachal Pradesh between June and August. Similarly, the Vijayawada floods affected over 270,000 lives between August and September. Numerous such […]
How Much Renter’s Insurance Coverage Do You Really Need?
Renter’s insurance or tenant insurance is gaining traction for the numerous benefits it offers. With the increasing urbanisation and higher rents, people understand the need to protect their personal belongings. In India, certain regions are prone to earthquakes, floods, and other natural calamities, which can cause damage to valuables. Home insurance coverage held by the […]
Is it Mandatory to Take Property Insurance For Home loan?
Yes, property insurance is often a requirement when buying a home loans or mortgage. When you borrow money from a financial institution, such as a bank or mortgage lender, to purchase a property, they want to ensure that their investment is protected. Lenders or banks require borrowers to have home insurance policy or house insurance […]
How to Claim Home Insurance for Water Damage?
As a homeowner, it is essential to know what kind of perils your home insurance policy covers and how to file a claim if damage or loss occurs. Water-related damage is quite common in apartment buildings that share pipes. Will home insurance cover water damage? establishing which standard home insurance coverage applies for water damage […]
Renters Insurance in India: A Complete Guide
India is home to billions of people that fall into different income classes. As per the World Inequality Database report, our country falls into the tab of countries having ‘extreme inequalities’ where the average national income stands at Rs. 2,04,200. These numbers clearly indicate that having a home you can call your own is not financially […]
How Does an All-Risk Home Insurance Policy Work?
Owning a home is a crucial milestone in most of our lives. We thorough our financial plans and often save for our dream house. However, imagine a frustrating situation to spend your money and time replacing the ageing roof only to have a large maple tree in your backyard cause damage to it during the […]
How to increase fire insurance adoption of homes and small businesses?
SME and home insurance products have a large potential market. An easy-to-understand product that is attractively priced will help drive adoption Published in MoneyControl, Feb 24, 2021 || Written By – ABHISHEK BONDIA What is more risky to insure – 100 warehouses having inflammable chemicals in 100 drums each or one warehouse with 10,000 drums of […]
Liability insurance is offered as an add-on with home policies
Published in Livemint. Written by Abhishek Bondia We made a claim on our family health insurance, which we have been renewing for the past 10 years, in 2016 for my husband’s appendix operation. There were no claims before or after that. Will the subsequent years in which no claim was made be eligible for a […]
Adding rooms to your house will increase your home insurance premium
Published in Mint on Feb 20 2017, Written by Abhishek Bondia My house in Delhi is insured against earthquakes and I have never missed any premiums. I want to add two rooms to the second floor. Will my existing insurance policy suffice or will I have to take a new policy? If I need to […]