INTERVIEW QUESTIONS INSURANCE HOME INSURANCE DETAILS

Question: When is the ideal time to get home insurance? At the time of down payment or when we get the property in hand?

Answer: Home is the biggest investment for most of the people. Hence it is extremely important for home buyers to take insurance. Home insurance is taken to protect your home structure and content. You can take either of them or both. This cover is against natural disaster or man-made such as burglary, vandalism etc.

You have to look carefully to see what is covered in home insurance. The definition for man-made and natural disaster has many variants. The sum assured is reconstruction cost of the property.

Usually, when the house or flat is under construction, the builder takes the insurance till it completes. Once the building is complete, the real owner should take home insurance. In your case, you have to really find out if this is the case and decide accordingly.

Home is the biggest investment for most of the people. Hence it is extremely important for home buyers to take insurance. Home insurance is taken to protect your home structure and content. You can take either of them or both. This cover is against natural disaster or man-made such as burglary, vandalism etc.

You have to look carefully to see what is covered in home insurance. The definition for man-made and natural disaster has many variants. The sum assured is reconstruction cost of the property.

Usually, when the house or flat is under construction, the builder takes the insurance till it completes. Once the building is complete, the real owner should take home insurance. In your case, you have to really find out if this is the case and decide accordingly. Source: CoolInterview.com

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