The following steps should be taken to file a claim under building insurance: Step 1: Inform the company: Notify your insurance company. You must not try to undo the damage yourself if you have insurance that covers the damage that you have suffered. Next, one must prevent further damage. If you move, your property you […]
Articles Tagged: Home Insurance
Discard these insurance plans
Published in Mint on Dec 05 2016, Written by Kapil Mehta Insurances can become irrelevant because of product improvements, lower current cost, change in laws or even lack of expected change in laws. Friends often send me their insurance portfolios to review. As I browse through the dusty files there are many insurances that are […]
What are the different types of houses? – Insurance for homeowners
Home insurance is a form of property insurance that covers damages caused to different types of houses or possessions in the home and can be opted for by house owners. There are two types of home insurance policies that are mainly opted for by owners: Building Policy Package Policy Building Policy As is evident by […]
What are the different types of accidents that can be covered by Home Insurance?
The policy covers both natural and man-made disasters. Here are some of the accidents covered under a home insurance policy: Additional covers A home insurance policy comes with some great add-on covers. Here are some of them: You can buy the policy: Indeed, your home is one of your valuable possessions. Go ahead and buy […]
Buy a separate mediclaim plan for senior citizen in the family
Published in Mint on Oct 20 2016, Written by Abhishek Bondia I wanted to buy a Rs10 lakh sum assured family health cover from a private insurer for myself, my wife and our 1-year-old son. But my father, who is about to retire next month, got to know that the Central Government Health Scheme (CGHS) […]
Do you have a ‘partner in tragedy’ for your home?
It is a blessing to have a partner with whom you can share your joys and sorrows. This is indeed significant when you have a home of your own. A house provides you with a sense of security. However, it comes with the responsibility to take care of the property’s maintenance and repairs. Most people […]
What makes home insurance important?
A home is a valuable possession. We carefully choose a place to live and turn it into our home. We maintain our home well and take essential steps to protect it from any harm. In this article, we’ll get to learn about the important aspects and the need for a home insurance policy. However, are […]
You can challenge the rejection of a health insurance claim
Published in Mint on Aug 23 2016, Written by Abhishek Bondia Reports from the pre-issuance medical test and doctors’ consultation are expected to identify pre-existing ailments My mother, 52, has been diabetic for the past 5-6 years. She has a family floater health insurance and I am the sponsor. Her condition was declared at the […]
Standard fire policy covers a house and its contents
Published in Mint on Aug 9 2016, Written by Abhishek Bondia Can I insure the furnishings of my new house? How does it work? —Monisha Burman Yes, you can insure the furnishings of your new house under your home insurance policy. The standard fire and special perils policy covers the building as well as its […]
Impact of HDFC Ergo, L&T Insurance merge
Published in Mint on Jun 13 2016 In a board meeting held on 3 June, HDFC Ergo General Insurance Co. Ltd approved the acquisition of L&T General Insurance Co. Ltd. Pending approvals from the Insurance Regulatory and Development Authority of India (Irdai) and the Competition Commission of India, HDFC Ergo will buy 100% stake in […]