What Is Home Insurance?
Home insurance is an agreement between you and an insurance company.
You pay a premium, and the insurer promises to compensate you for damage or loss to your house structure or household items due to covered risks.
Types of Home Insurance
1.Building/Structure Insurance
2.Contents Insurance
3.Comprehensive Home Insurance
4.Tenants’ Insurance
5.Landlord Insurance
Benefits
✅ Financial protection against unexpected loss
✅ Peace of mind for homeowners and tenants
✅ Covers both structure and valuable contents
✅ Offers tax benefits in some cases (if linked to home loan)
✅ Helps during natural disasters and accidents
