Home Loan Tips : இத பண்ணா பல லட்சம் மிச்சம் பண்ணலாம் | Money management | Savings | Bank loan | скачать в хорошем качестве

Home Loan Tips : இத பண்ணா பல லட்சம் மிச்சம் பண்ணலாம் | Money management | Savings | Bank loan |

1. Home Loan Insurance Purpose: This type of insurance is designed to cover the outstanding loan amount in case the borrower is unable to repay due to unfortunate events such as death, disability, or job loss. Coverage: Death due to any cause (natural or accidental). Permanent disability that affects the ability to repay the loan. Critical illness coverage (optional in some policies). Job loss coverage (optional in some policies). Premium: The premium is usually a one-time payment or can be added to the loan amount and paid through EMIs. It depends on factors like loan amount, tenure, age, and health of the borrower. Benefits: Ensures that your family does not have to bear the burden of the home loan. Protects the borrower's credit score in case of unforeseen circumstances. 2. Home Insurance Purpose: Also known as property insurance, it covers your home against risks like fire, theft, natural disasters, and other damages. Coverage: Structure Coverage: Covers the building structure, including walls, roof, and floors, against perils like fire, earthquake, storm, etc. Content Coverage: Covers the contents of your home like furniture, electronics, jewelry, and other valuables against theft, fire, or damage. Liability Coverage: Protects you against legal liabilities arising from injuries to third parties on your property. Additional Coverage: Some policies may offer coverage for temporary living expenses if your home becomes uninhabitable due to an insured event. Premium: The premium depends on the sum insured, type of coverage, location of the property, and other risk factors. Benefits: Provides financial protection against unforeseen events. Offers peace of mind knowing your home and belongings are covered. 3. Home Product Insurance Purpose: This type of insurance specifically covers individual products within your home, like electronics, appliances, and gadgets, against risks like damage, theft, or malfunction. Coverage: Damage or loss due to fire, theft, or natural disasters. Accidental damage or breakdown. Extended warranty beyond the manufacturer’s warranty. Premium: The premium is generally based on the value of the products insured and the type of coverage selected. Benefits: Protects expensive home products from unexpected damages. Offers coverage for repair or replacement costs. Key Considerations: Comparison: It’s essential to compare different policies based on coverage, exclusions, premium costs, and claim settlement processes. Policy Exclusions: Be aware of the specific exclusions in each policy, such as wear and tear, war-related damages, or certain natural disasters. Claim Process: Understand the claim process and documentation required for a hassle-free experience. Follows on Facebook :   / theneeridaivelai   Follows on Twitter :   / theneeridaivela   Follows on Instagram :   / theneeridaivelai