Better safe than sorry – Insure your house
I once burnt down the entire electrical infrastructure of my house by accidentally plugging an iron into a socket running on a mediocre UPS system. We could all smell wires burning but no one could find exactly where the damage was. Needless to say, everyone in the house was baffled. As we looked around, the lights flickered for a few minutes…and then, suddenly, everything was blanketed by darkness.
Immediately after this unintentional stunt, my family had to deal with major monetary, logistical and emotional consequences. I cannot explain how horrible that guilt feels and I wish, to this day, to undo that one split second in time.
Accidents happen all the time, everywhere. At some point, it could be you forgetting to unplug that iron from the socket. At another, it could be your domestic help. Human error makes its grand, unwelcome entrance at the most random of moments.
Unfortunately, human error is not the only cause for concern. The safety of your home members is at risk on a daily basis. Owing to the poor security conditions these days, street crimes, snatching of valuables, car theft and house robberies have become quite frequent.
You know where I am getting with this, right? As much as I regretted plugging in that iron, I couldn’t undo the damage caused. The repair work was extensive, with a completely fresh set of wiring having to be laid all over the house. The lesson I have learned is this – even though it may seem unnecessary during the good times, an insurance plan really is a blessing when things go wrong.
Just imagine how tranquil your life can be if all the repercussions of unwanted emergencies are already planned to be dealt with and all the expenses have been taken care of.
Sounds good? Then read on!
How does home insurance protect you?
Typically, all insurance companies offer to cover the costs of sudden and accidental damages to your property. These mostly cover damages from fire, wind hail and theft. What is generally NOT covered is damage done by acts of war, flood, earthquake, mold and/or natural disintegration, like worn-out plumbing, heating units and roofing, etc.
Usually, home insurance policies don’t cover home-run businesses. But have no fear, there is a way around it. You can secure your home-based entrepreneurial venture, with all its assets and liabilities, by getting a commercial plan for it.
For people living in relatively insecure areas or societies, make sure the insurance plan you opt for covers loss of or damage to your personal belongings. Insurance companies also offer off-premises coverage, which means you can claim loss or theft that occurs outside the house premises.
There is an upper limit to the amount paid back by the insurance company, which you can increase by increasing your premium input.
Also, beware of personal liability for damage caused by you! If your neighbours’ house catches on fire because gas was leaking out of your geyser, you owe them repair work. That’s your liability because you caused the damage. Therefore, if you are generally irresponsible, careless, or just clumsy enough to let accidents follow you like a shadow, you need a plan that covers this.
Make an informed decision
Before you opt for a plan, make sure you know exactly what it entails. You should have full knowledge of what your policy plan covers and what it excludes.
You also need to be careful of fraudulent insurance schemes and companies. Always check the company online and ask around about its reputation. Try to get first-hand reviews from friends and family members. Avoid companies that are unknown but offer exceedingly good rates because these are usually imposters.
So, with all that can go wrong, who should you turn to?
Jubilee General Insurance – a partner you can trust
Jubilee General Insurance is a trusted name in the world of insurance. Offering various premium home-care plans, it has built a trustable rapport with customers. From personal health, family health, and travel care plans to Hajj and Umrah travel, student care and specialized home care plans, the company provides a variety of trustworthy insurance policies.
Keeping in mind the prevalent situation in the country, Jubilee General Insurance is a godsend for homeowners. It covers damages caused by fire and lightning, riot and strike, explosion, impact, atmospheric disturbance, burglary, loss of rent, and earthquake. It even covers malicious damage, aircraft damage, accidental glass breakage (glazing), and accidental damage to underground tanks.
The uncertainty of life deems it necessary to have your assets covered. Getting a hold of a suitable insurance policy could not only save your life and money but also provide you with the essential peace of mind you deserve.
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