Is Home Insurance Worth It? The Importance of Property Insurance No. 4

Is Home Insurance Worth It? Here are 7 Importance of Property Insurance You Need to Know

Insurance is one of the best-selling financial products in the community. In addition to providing protection or guaranteeWarranty Statement A statement issued by a potential customer regarding the condition of the person or thing insured. for health and life, insurance can also guarantee your overall wealth, including your home. The method is easy, namely by buying home property insurance.

Even though buying a home property insurance product can add to your expenses every month, the costs incurred are nothing when compared to the home property insurance benefits you get as long as the premiumPremium The money that must be paid at a certain time is the obligation of the insurance policyholder. The amount of premium paid is determined by the policy and approval of the insurance company in accordance with the conditions of the insured. The nominal payment approved by policyholders and insurance companies. Premium payment will be made according to the agreement, it can be monthly, yearly, or according to the agreement. runs.

Approximately, what are the benefits of home property insurance? Is Home Insurance Worth It? Let’s see the explanation below:

Is Home Insurance Worth It? The Importance of Property Insurance No. 1

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No Loss Due to Natural Disasters

Is Home Insurance Worth It? The Importance of Property Insurance No. 1
The Importance of Property Insurance No. 1

Natural disasters, such as landslides, earthquakes, hurricanes, and floods often occur suddenly and cause a number of damage to homes. However, you don’t need to be afraid of big losses. By insuring your home, at least part of the cost of repairing your home property will be covered by the insurance company.

For example, the cost of painting a house that has peeled off due to water immersion, replacing a fence that is washed away by water currents, or buying equipment for cleaning when water enters the house. Meanwhile, the rest of the repair costs are the responsibility of the householder.

Is Home Insurance Worth It? The Importance of Property Insurance No. 2

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There is protection when thieves enter the house

The low level of security in the neighborhood around the residence is the main trigger for theft. If conditions like this often occur in the area where you live, then home property insurance should be looked at to make your home safer.

If at any time there is theft and some of your property is lost, you can report this to the insurance company. Include a report with proof of the names of the missing items to make it easier for you when filing a compensation fee for the theft incident.

Applications for theft are not automatically granted but will be investigated first. Make sure the reports are accurate and reliable so that the insurance company is sure that theft really happened in your home.

Is Home Insurance Worth It? The Importance of Property Insurance No. 3

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Insurance as a condition for applying for a loan

Want to apply for a loan? Make sure that you already have home property insurance first, because some financial institutions make home property insurance a condition for applying for a loan. With home property insurance, loan funds can be disbursed immediately when they comply with the terms and conditions.

Home property insurance is indirectly a guarantee if the loan cannot be paid on time. So that the potential for bad credit can be minimized as small as possible so that the creditor has not lost out on providing loans.

Is Home Insurance Worth It? The Importance of Property Insurance No. 4

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House Values Are Maintained

When compared to other assets, the house is the most profitable asset because its selling value continues to increase. So naturally, if you are willing to spend a lot of money to buy a house and buy insurance products to guarantee the overall value of the house.

If at any time there is a natural disaster or riot that causes the house to be damaged, you don’t need to worry about the sale value of the house. By buying insurance, the selling value of the house remains high because the insurerInsurer A person who is legally listed in the insurance policy to make premium payments for that policy. itself wants to be responsible for repairing the damage.

After being repaired, the house will be back in good shape so that the selling price doesn’t go down at all. Instead of losing, you actually get a profit along with the increase in the selling price of the house.

Is Home Insurance Worth It? The Importance of Property Insurance No. 5

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Safe from Lawsuits

Try to imagine if, for example, your house is on fire and a victim is injured, like it or not you have to be responsible for the victim’s medical expenses. Fortunately, if the house is insuredInsured A person who is legally listed in the insurance policy to receive benefits from the policy. A person whose life/health is covered in accordance with an insurance agreement or contract., these costs will also be the responsibility of the insurance company.

If the insurance fee is paid late to the victim, at least the insurance company will rectify this problem. So that you as an insurance customer are free from all forms of lawsuits.

Is Home Insurance Worth It? The Importance of Property Insurance No. 6

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Protecting Building Contents

It turns out that not only the physical buildings are protected, but also the contents of the house. This includes furniture, cooking utensils, and so on. If the house is hit by fire, flood, theft, or any incident that causes the contents of the house to be damaged or lost, the insurance company is ready to cover some of the losses.

Pretty profitable, right? Only by paying an affordable premium, you can get the maximum benefit from home property insurance.

Is Home Insurance Worth It? The Importance of Property Insurance No. 7

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Relieve Expenses

Is Home Insurance Worth It? The Importance of Property Insurance No. 7
The Importance of Property Insurance No. 7

And overall, home property insurance is indeed the most effective way to ease any expenses that are related to damage, loss, or compensation due to accidents that occur to your home.

Not just once, but the insurance company is ready to be responsible for your losses repeatedly. The amount of loss prevention depends on the monthly premium and the insurance company policyPolicy The policy is a binding agreement and is agreed upon by the insurance company and policyholder in writing. An agreement made by the policyholder with an insurance company. itself.

The Conclusion

Choose the Right and Reliable Insurance Company

Buying home property insurance products turns out to be profitable, right? Hopefully, with the explanation of the benefits of home property insurance above, those of you who have not insured your home will be interested in buying this one financial product. Make sure the insurance company of your choice is trusted to prevent fraud cases that are increasingly occurring.

Do you think you have other ideas about The Importance of Property Insurance, Is Home Insurance Worth It? You can comment and share your thought below or discuss more in the InsuranceWhat Forum. Also, read more articles about GLOBAL INSURANCE or other interesting insurance topic articles only at InsuranceWhat.com.

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