What is Home Insurance?
Having a dream home is something that every being desires for. People work really hard to make sure that their dream of having their own house comes true. With the ever-emerging chances of any calamity or uncertainties involved when it comes to your dream home, homeowners need to insure their homes by using different home insurance schemes.

In India, there are several banks and financial institutions which offer a variety of home loans, each with a unique set of features and benefits to address different home financing needs. However, choosing which home loan is right for you, could be a difficult task and there are various options to choose from:-

Types of Home Insurance
Building Insurance: This home insurance is for protecting the structure of your house from any kind of dangers and risks. This policy also protects any permanent fixtures within the house. Any damage to these is covered under this insurance policy.

Additional Living Expenses: Standard ALE Home insurance covers you when your expenses exceed your ordinary living expenses.

Home Liability and Umbrella Insurance: Your homeowner's liability coverage pays to defend you if you are sued by someone who is injured on your property or who suffers property damage as a result of you or your family members.

Tenants Insurance: The tenant Insurance is very necessary for safeguarding your personal belongings in a rented house under different circumstances.

Standard Perils and Special Perils Policy:

Natural calamities like lightning, fire, volcanic eruptions, bushfire, forest fire, earthquakes, storms, floods or landslides.
Damages caused due to explosion/implosion, man-made anti-social activities like strikes, riots, damage caused by malicious intent
Damage caused by direct contact with rail/road, vehicle
Landlord’s Insurance: It is mandatory that you avail your landlord insurance in order to safeguard your property and upkeep the place that you are renting.

Theft and Burglary: In order to safeguard your personal belongings in the house, you need to go for the insurance against the theft and any robbery that can recover your valuable belongings.