Home Odors That You Should Never Ignore Here are 6 odors you must never overlook!◦ Moldy or Musty OdorsIf your residence has a musty scent, mildew or mold may be present. These flourish in humid conditions, and mold harms your property while also causing respiratory problems and allergies.◦ Sulfuric Odors or Rotten EggsA natural gas […]

Summer brings warm temperatures, outdoor activities, and, regrettably, an increased risk of fires. However, it also presents an additional risk of fire. Summer fire safety holds significant importance, and adhering to some straightforward guidelines will assist you in avoiding fire incidents during this season. In this article, we will offer a few summer fire safety […]

Difference between Loss of Rent Cover and Rent for Alternative Accommodation Cover What is a Loss of Rent (LOR) Covered in Home Insurance? The LOR in home insurance specifically targets homeowners who rely on rental income. Features of Loss of Rent (LOR) Cover in Home Insurance • Eligibility:It is an additional feature to the standard […]

• Understanding The Fire and Special Perils Policy The Fire and Special Perils Plan is a traditional insurance policy that offers coverage against fire and the related risks outlined in the policy. This policy covers various assets, including buildings (with plinths and foundations), machinery, stock, furniture, fixtures, fittings, and other contents. • Benefits of The […]

• Location of the Property The site of your house significantly impacts home insurance costs. Houses in regions vulnerable to natural disasters such as floods, earthquakes, or hurricanes generally incur higher premiums because of the elevated risk. Furthermore, properties situated in high-crime neighborhoods may encounter increased expenses due to the higher chance of theft or […]

What is Section 80C of the Income Tax Act? Section 80C of the Income Tax Act permits certain expenditures and investments to be exempted from your income tax. You can claim deductions of up to Rs. 1. 5 lakh under Section 80C by planning your investments across various financial assets, such as PPF, NSC, ELSS, […]

Home insurance tax deduction for personal residences Home insurance tax deduction for home office Home insurance tax deduction for rental properties Home insurance tax deduction for renters Documentation and professional advice Conclusion Although homeowners’ insurance premiums for a personal residence are generally not deductible, there are exceptions for home-based enterprises and rental properties. Landlords can […]

What is fire insurance? What is covered in fire insurance? Here is the complete list of inclusions in fire insurance.• Fire• Lightning• Explosion/Implosion• Subsidence and Landslides• Missile Testing Operations• Damage caused by impact from vehicles, animals or aircraft• Storms, Floods, Tempest• Aircraft damage• Riots, Strikes, Terrorism and Malicious Acts What is not covered by fire […]

Factors Influencing Home Insurance Costs • Sum InsuredThe total sum insured represents the highest amount you can receive in the event of a loss. It is one of the factors that affects the price of home insurance. The greater the sum insured, the higher the premium.• Type of CoverageVarious types of property insurance policies are […]

Benefits of commercial property inspections Commercial building inspections are vital on a regular basis. This helps in spotting issues within the relevant commercial property and aids in addressing them swiftly and correctly. Some of the most notable advantages of commercial property inspections include:1. Investment protection:A thorough inspection of any commercial building aids in the prompt […]