Homeowners Insurance is More Useful Than You Think?
“Homeowners insurance is More Useful Than You Think” Home apart from being a house It is the center of the hearts of the family. The house is still one of the big investments in life. It is one of the most valuable assets for many people. Homeowners insurance It is one option to create protection against damage that may occur to the home. As well as limit the damage that will occur to the family (health insurance, life insurance, public liability insurance).
It covers damage to the home due to the reasons specified in. The policy, such as fire, lightning, gas leak. Fire insurance is short-lived insurance, that is, insurance must or every 2-3 years as part of the premium. Insurance varies from company to company, depending on the coverage period. The longer the coverage period, the lower the premium. In the event of a fire, the insurance company will pay coverage to the homeowner. Or a bank in the event that the house with the bank Currently. The law requires fire insurance for new homes. such as single-detached houses, insurance premiums are not more than 0.1% of the home value. Homeowners insurance.
Provides protection from natural disasters such as floods, storms, and earthquakes as detailed in the policy. Such as providing protection for earthquakes with a size greater than 7.0 under. The Richter section Or a storm with a wind speed of 120 kilometers. Per hour In the case of the flood Disaster insurance will not. Cover if the home is in an area identified as a water receptacle. Catchment area Or through the waterways. With these little details, we have to read the policy to. Understand before agreeing to make a contract. Yet, at present, there is no law forcing disaster insurance. Homeowners insurance. (health insurance, life insurance, public liability insurance)
Homeowners loan insurance?
Or Security Protection Insurance (TMRA), the focus of this type of insurance is to provide coverage in the event of the death of the applicant. Or no longer have the ability to pay home installments. In which if such an event occurs. The insurance company will be responsible for repaying the remaining liability to the issuing bank. How to get home loan insurance. Thus creating a guarantee that. Home mortgage debt is not a burden on the rest of the family. So this type of insurance can be very helpful for low-income family heads. And have to bear the burden of applying for a loan only one. For a family who already has the ability to pay off all the debt This bail may not be necessary. Because the insurance premium is quite high With a single lump sum payment
Many times this bail when applying for a loan on a home loan. Because besides to protecting the family of loan applicants. It is also a protection for the issuing bank. The issuing bank often offers offers such as a reduction in interest rate, and a loan if the bailer decides to take out this bail. The granting of credit is not eligible to force the applicant to sale. Whether it is insurance issued by the bank itself. It is also not compulsory if a loan applicant wants to buy insurance from another company that offers better premiums. (health insurance, life insurance, public liability insurance)
Taking care of the property is no less important than finding it. Creating coverage through purchasing an insurance policy. Is another way to help limit unexpected damage. Including helping to reduce the impact it may have on the family Even though we can’t control bad things, at least we can limit the damage. (health insurance, life insurance, public liability insurance)
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