PART-III

How much home insurance coverage should you take?

More coverage generally means you will have less to pay out of your own pocket if disaster strikes. You must determine the amount you can financially afford to lose. Depending upon your determination, more insurance may be the answer. You should insure your property to the value you believe your home is worth to obtain maximum protection.

What are the factors that affect calculation of home insurance policy’s premium?

Insurance policy premium depends on age of your home, the materials used to build it, the area of its location, the square footage, the number of rooms etc.

What do you do in case of claim?

The loss or damage should be reported to the insurance company immediately with submission of a complete claim form along with an estimate of the loss with separate values. The insurance company will arrange for inspection of the damaged items to assess the loss. In case of major losses, a specialist-licensed surveyor is deputed. Its important that the insured has to provide the required documents to substantiate the extent of loss. In case the cause of loss is not established, it is for the insured to prove that the loss or damage has occurred due to an insured peril. Finally, on agreement of claim amount between the insured and the insurance company, the claim is settled.

What documents needs to be submitted in case of claim?

The general list of documents that needs to be submitted with your claim are, completely filled claim form, FIR report, your repair estimates and all original invoices. This is an indicative list of documents required; kindly refer to the policy manual for complete knowledge on documentation for claim.

Why should you shop for home insurance policy on www.insurancemall.in?

www.insurancemall.in, a product from Bonsai Insurance Broking Pvt. Ltd, is the first website in India to offer the customer comprehensive Insurance Services under one umbrella. It is India's only premier website to offer comparisons of various types of insurances from a gamut of insurance companies. It has got a wide coverage in e-media and print. By combining our experience and knowledge of Insurance, we are able to offer our customers, a) Comparison of plans by product from multiple insurance companies for individuals, families and small businesses. b) Comparison of plans by pricing from multiple insurance companies for individuals, families and small businesses. c) Easy accessibility of plans online. Whether you spend money on travel, to visit your nearest insurance company, or you spend money on calling your local insurance agent, or you save money and energy by comfortably sitting at home, and compare-buy-print your policy online from our website, you will pay the same monthly premium for the same plan. d) Manage insurance portfolio online on our website, to keep a track of your policies. You will also be send reminders on renewals. e) Speedy processing of your policies, as the policy can be submitted and signed electronically, eliminating the need to manually print and mail applications. This reduces average processing time significantly. f) Superlative Customer Service is what we are committed to. Our knowledgeable representatives will help you make the most of your money with professional, unbiased and honest advice on choice of a plan and assistance on claims. www.insurancemall.in. We also provide free assistance on selection of policy and free claims assistance. Do chat/email/call us.

Can you renew policy on insurancemall.in?

Yes, you can renew your home insurance policy online on www.insurancemall.in.

To understand the nuances of different types of policies and its price, feel free to seek the help of InsuranceMall to select the right products based on your need. Or you can directly call them on +91-22-30503050

InsuranceMall is the leading and first online insurance broker in India. With the motto to make our customer delighted and proud about their decisions, we’re always there to help them with best possible policy