Home Insurance

Home Insurance guide for Beginner’s In Bangladesh

Home Insurance in Bangladesh Buying a home is a huge achievement, but the amount of formality and documentation involved can be overwhelming. creating a checklist of things to do after buying a home can go a long way.

The most important thing after buying a house and installing it completely is to insure the house financially to protect yourself financially from all possible risks related to the house and its contents.

Table of Contents

Type of home insurance

cover

Claim process

Excluded

Important aspect

Questions to ask

What does means Home Insurance?

Home insurance is process that help us to compensate our losses fund. Natural or man-made disasters such as earthquakes, floods or fires can cause extensive damage to your home and property.

This can lead to huge economic losses. To protect yourself from this catastrophe, it is important to buy your home insurance. If you are getting self-insurance, you need to make sure that you are getting the best rates. for this, do a comparative study of home loan companies and then choose the loan according to your need. home ins: will protect you from financial loss if a forcible event damage your home and its contents.

Type of Home Insurance

Insurance companies offer comprehensive home ins: plans to meet the needs and requirements of the customers. Different types of home ins: policies ensure protection against unforeseen financial losses. You can either go for them or choose the one that suits your needs. There are several type of home insurance.

Structure/Building insurance

Standard fire and special hazard policy

Personal accident

Public liability coverage

Family package policy (Theft and theft)

What are all Home Insurance covers?

Home insurance provides coverage that not only protects the home but also its contents in a variety of situations. Let’s take a look at the coverage provided under home ins.

Loss or damage to household items

loss or damage to valuables and jewelry

Damage to material due to theft or robbery

Damage or damage due to fires, explosions, storms, cyclone, earthquakes, riots, thunderstorms, floods, terrorism etc.

Eligibility criteria

Home ins: is an important aspect off protecting your home from unforeseen circumstances. look at the situation when you can buy home insurance.

Who has property

Tenants can also insure the contents of the space using the leased space.

Home insurance claims process

In case of any incident, you have to file a claim for which you have to go to the ins: company. The following steps have been taken to proceed with the claim process:

Call the ins: company’s 24/7 toll free number to report the problem immediately.

In case of loss or theft, file a complaint or FIR with the provider.

Provider other necessary information like policy number and claim details.

Once the claim request is registered with the company, a surveyor is hired to evaluate the case.

Provide other necessary documents such as photos and other causes of loss to proceed with the case.

The surveyor will submit the survey report to the provider.

If the provider finds it in a suitable case, it will credit the account to your account, otherwise it will refuse.

If you are not satisfied with this, you can go to court of law.

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