If you have never thought of having your property insured then it is the right time you do it with cheap and reliable source available near you because you never know when another earthquake will hit you right on your ground.

Have you ever thought what you will do if your house collapsed due to an earthquake, or if it caught fire? Where will you stay? Do you have any backup plan? Are you going to stay in a relief center?

 

You remember checking your car lock twice before leaving it in the parking lot. You even remember rechecking your house lock but have you ever thought about the fact that a tiny lock will not save your house if a thief breaks it off.  You only think about your 40-lakh car, but forget your house that is worth crores. You cannot live in your car, can you?

 

We cannot change the effects or stop the natural disasters but we surely can have a backup plan if they destroy everything, especially for our “Home Sweet Home.” The best backup plan I would recommend is the “Fire Insurance.” Now, what is this fire insurance? It is basically the compensation for damage or loss of property because of fire, but the actual reimbursement may vary according to the policy.  

 

NB Insurance Pvt. Ltd. is currently providing a terrific deal in fire insurance. It not just covers damage due to fire but also compensates the loss due to earthquake, flood, landslide, and theft. Fire insurance is provided for three types of client:

 

  • Private/household insurance: It is provided to houses which are solely for residential purposes. The shops in the house are not covered under this policy.

 

  • Commercial insurance: It is provided to houses and buildings that are primarily used for business or commercial purposes such as malls and corporate houses. The insurance rate for this type of insurance is comparatively high as the risk of damage is high.

 

  • Industrial insurance: It is provided to factories and industries. Here are two types of rate provided: a) high rate for the highly inflammable factories such as oil factory, and b) low rate for other types of factories.

 

The time duration of private or household insurance policy is one year and the maximum house insurance amount is Rs. 1 crore for which the yearly payment is Rs. 10000 without taxes. The per day rate would be around Rs. 30 with taxes, which is the amount we spend for a cup of tea. Paying Rs. 30 per day for your house is not a big deal, is it? And a marvelous advantage is that the owner of the property also gets an accidental insurance of up to Rs. 1 lakh for free, without any hidden taxes or charges. This policy covers the loss of any assets inside the house such as T.V., refrigerator, sofa, wardrobe, bed, and jewelry.

 

NB insurance provides door-to-door service for its clients, and you do not need to follow messy procedures to claim compensation. It is easy to start the insurance policy as well as to file claim. Mr. Yugesh Bhakta Bade Shrestha, the CEO of NB Insurance, advices, “When thinking of starting an insurance policy one should directly contact the insurance provider and not the third party in order to save unnecessary extra payments. When directly approached NB Insurance clients get 10% discount upon the activation of their insurance policy.” The required documents for the registration are the identification of the owner, house map, lalpurja, and plot number of the house.

 

An interesting provision is that for the base of the house only earthquake insurance can also be purchased which takes away the rates required for fire and other disasters, and the rate will thus be low. And for the rest of the upper part of the building normal, all package policy can be selected.  

 

Though insurance companies are providing the policy at such reduced and affordable costs, many people are still not aware of it. They think that investing on insurance is a waste of money, and that it is too expensive. But we now know that is not true. People often do not value something until they have lost it. So before it’s too late, have your house insured and live carefree life.

 

Insuring your property through an agent can become costly. but purchasing it directly from the provider can get you up to 10% discount.