Home Insurance is a type of property insurance that provides coverage to the policyholder from the unforeseen loss or damages caused to that house structure or content of your residence against any sort of unforeseen events like natural calamities, theft, fire, etc. Home insurance is financial protection that you purchase from an insurance provider. It helps pay for damages if a covered disaster or other damaging event affects your home.
Home insurance, also known as property insurance. Home insurance is a package policy. This means that it covers both damage to property and liability or legal responsibility for any injuries and property damage policyholders or their families cause to other people. It is a sort of property insurance covering private residences.
It is advisable to buy house insurance policy to cover losses arising from natural calamities (earthquake, fire, flood, storm, landslide, etc.) and man-made activities (theft, burglary, terrorism, riot, etc.).