Home of one of the most expensive investments a person makes in his lifetime. Sometimes people put all their savings to build a house and therefore it is one of the most important assets owned by them. However, once the home is constructed it is exposed to natural perils.
What is a Home Insurance Policy?
Home insurance refers to a type of policy that provides financial cover for the losses or damages caused to an individual’s house or assets. By purchasing an insurance policy for your home, you can secure your home from threats like theft, fire, or any natural or man-made calamities. The policy is designed to provide compensation to the policyholder for damages incurred to the structure and the contents of the house due to natural or man-made calamities.