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Earthquake is a natural phenomenon that can happen anytime and anywhere and nothing can be said about how much damage it will cause because it depends on the strength of the earthquake. Talking about India, incidents of feeling earthquake tremors keep happening from time to time in many places here too. In Delhi-NCR, there have been frequent reports of feeling earthquakes for some time now. In these circumstances, both vigilance and alertness are very important.

In such a situation, we will talk to you about Home Insurance, which works to compensate for damage to your house due to earthquake, flood, or any such natural phenomenon. Its purpose is to protect your capital in difficult times. Home insurance is not mandatory in today's time, but it is becoming necessary. Know what are its benefits.

There are 2 types of home insurance.

There are two types of home insurance. One is the security cover of the house and the other is the security cover of the goods kept in the house. Home insurance is called Structure Insurance Cover. If the house is damaged due to natural disasters like flood, earthquake, fire, and lightning or due to reasons like theft, robbery, and riot, then structure insurance is helpful in this situation.

The second one is Content Insurance. It provides coverage to the items kept in the house like electronic products, furniture, jewelry, and other valuables. If you want coverage for both the safety of the house and the safety of the items kept in the house, then you can also choose the option of Comprehensive Home Insurance. In this, coverage of both will be available together.

Understand why one should take home insurance.

It is not mandatory to take home insurance, but the way cases of floods, earthquakes, and landslides come up from time to time in various parts of the country, houses suffer a lot of damage it. In such a situation, comprehensive home insurance can be very useful. In places where the risk of natural disasters is high, home insurance can be very helpful. Apart from this, situations like fire, lightning, theft, robbery, and riots are also covered. In such a situation, it can prove useful for everyone.

How much is the premium

Before choosing any kind of plan, you need to know what your need is. Any plan should be chosen according to the need. If you are not able to understand this, then you can also take advice from a financial expert or insurance agent in this matter. They can suggest the best plan for you by properly assessing your situation, house, and location etc. Its premium is determined according to your need.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.