• A key concern for homeowners is the expense associated with insuring their building. Whether you are constructing a new house or buying one, the expenses are likely to be substantial. Thus, it is wise to insure the building with the Bharat Griha Raksha Policy to shield it from potential damages. The policy provides coverage for a broad array of elements, ensuring homeowners feel secure about the protection of their residence.

What are the Benefits of Obtaining Home Insurance?

Securing home insurance can provide numerous advantages, such as the following:
1. In addition to the home, up to Rs 25 lakhs in contents will be included in the policy. You do not need to present a specific inventory of home possessions to benefit from these provisions.
2. Protect your home with a significant discount of 45% on property insurance. These discounts differ based on various factors like intercom discounts, long-term discounts, and salaried discounts.
3. You have the option to select a home insurance tenure ranging from 1 year to 5 years.
4. Insurance will also extend to portable electronic devices. However, equipment older than 10 years will not be covered under the policy.

What is the Building Insurance Cost?

The cost of building insurance can vary widely, influenced by several factors. Therefore, it is somewhat challenging to establish a definitive cost. Nevertheless, the various factors influencing the cost include:
1. The number of floors in the building.
2. The age and structural characteristics of the building.
3. The location of your building.
4. The security measures in place at your home. (This is vital when assessing theft risk. )
5. The number of items you wish to insure within the house.
6. The overall value of the home.
Property insurance provides peace of mind and assurance by covering your property and its contents. Every component, from the roof to the foundation, will be included, delivering comprehensive advantages for homeowners.

FAQs
1. What is the cost of building insurance?
The cost of building insurance will rely on a variety of factors. The Bharat Griha Raksha Policy provides additional protection for your home’s belongings, which ultimately influences pricing.
2. How to determine the premium on property insurance?
Evaluate several elements, including the type of property, the number of items in the house, the total value, and more to calculate the premium for a specific insurance policy.
3. What is the purpose of building insurance?
Building insurance will offer protection for your house against natural disasters such as floods, fires, and more. Since accidents can occur, insuring your home will help safeguard it.

Conclusion

While obtaining home insurance, you will need to review all the essential factors to apply for it. Ensure that you possess all the necessary documents when you’re submitting the application for the insurance. It is recommended to uphold full transparency while applying for Bharat Griha Raksha Policy in order to receive maximum benefits and prevent any possible harm to the property.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before finalizing the sales.