Does Home Insurance Cover Natural Disasters?
Does your home insurance cover natural disasters such as earthquakes and tsunamis? Does your home insurance cover natural calamities like tsunami and earthquake?
A person builds his house with great pains and decorates it with expensive things but forgets to get the house insured. You spend a lot of money to buy house and other essential items.
Therefore, by insuring them, you can spend your life peacefully. The recent earthquake in Nepal shocked the whole world. We need to be prepared for such disasters and their consequences.
Some insurances cover not only earthquakes, tsunamis and floods but also the contents of the house. Hence, before buying home insurance, you need to check various aspects.
When you take a home loan, the bank does not give you a loan for home insurance, although it takes extra effort to add all the things you need. If the general home insurance does not cover the contents of the house, then you should take a separate policy.
Insurance for Natural Calamities
Some natural calamities are fire, earthquake, flood, storm, land slide etc. Here are some of the insurance companies that provide insurance against natural calamities.
ICICI Lombard Home Insurance
The comprehensive cover of home insurance from ICICI Lombard includes both the structure of the house and the contents of the house.
Apart from this, it also provides cover against fire and other calamities, robbery, theft etc. Additional cost of alternate cover for terrorism and rent for alternate accommodation.
Goods insured include clothes, kitchen items, electronic gadgets, furniture, jewelry, paintings, etc. All items that you take with you when you move are covered under the Contents Policy.
This policy does not cover war and nuclear accident, destruction of property by will, damage to wooden fencing etc. due to weather etc.
HDFC ERGO Home Insurance
This policy covers fire, lightning, explosion and implosion, storm, cyclone, tempest, hurricane, flood and inundation, earthquake, volcanic eruption and other natural calamities.
HDFC ERGO’s Standard Fire and Special Perils (Fire and Special Perils)
This includes disasters such as fire, lightning, explosion, storm, flood, inundation, inundation, etc. In case of mixed damages, riots and strikes, terrorism, robbery and theft, it is necessary to register an FIR.
Tata AIG’s Standard Fire and Special Perils (Fire and Special Perils)
This includes fire, lightning, explosion or implosion, effective damage, accident caused by aircraft, explosion, bursting water tank, storm, cyclone, typhoon, tempest, tornado, flood, inundation, riot, Strike, mixed damage include missile test process.
Apart from this, the option of insurance is also available against earthquake and terrorism and other similar threats.
Bharti AXA’s Standard Fire and Special Perils (Fire and Specific Perils)
It covers damage caused by fire, lightning, riot, strike and mixed, explosion or intrusion. Damage caused by war, destruction, invasion, creation of war like situation by foreign enemies, civil war, military rebellion etc. does not come under this.
