Monday, July 29, 2013

Home Insurance policies In Singapore

To buy a home, sometimes people spend their lifetime earnings. Protecting your property from natural calamities such as floods, fire, or earthquakes or man made calamities such as theft or burglary is the responsibility of the owner. Every landlord should understand the importance of having a home insurance policy to protect his home from any adverse situation. It is better to protect than to cure. You don't know what the future has in store for you; it is a wise step to be prepared for unforeseen circumstances.

A good home cover policy not only protects your home physically but also gives you peace of mind and a sense of security.

Singapore home indemnity policy involves two broad terms:

1.  Building insurance to protect your property's construction. And
2.  Home content insurance to protect household objects and valuable.

Different policies offer different coverage and different premium amount. The decision rests on you to ascertain the type of policy you want to purchase. Give a thorough thought of your home assurance needs. There are many cheap dwelling insurance providers in Singapore who make you available your policy in affordable prices. Cheap is not always the worst and best is not always the most expensive one. It depends on person to person and their personal requirements.

How the its premium decided

If you cut the risk towards the insurance company, you can cut the premium charges of your habitat indemnity. Following is a brief summary of the most hard-hitting measures.
  • Make a list of actions, how to make your home more safe and secure. Either preparing the list by you or by taking professional help.
  • You can get a recognized alarm fitted suggested by your insurer. You can bring down the policy amount approximately 10% lower. You'll have to spend some extra bucks as these are expensive alarms. You also need to get the alarms checked once in a year.
  • If you have not made a claim in the past, it is considered to be a plus point and you will end up getting a low policy premium.
  • Your age counts a lot. Younger people tend to get low premiums than their older counterparts. Besides, there are many more advantages involved if you are from the younger lot.
You can also avail the benefits, if you want to renovate your home. Your policy in Singapore also covers you against any bodily injury or damage to third party property which is caused by you. This is not all; many insurance companies cover loss of money, credit or debit cards, or loss of personal documents. Accidental death of dog or cat is also covered in some of the home insurance policies in Singapore.

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