What Type of Covers Can Help You Recover From A Natural Disaster?

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What Type of Covers Can Help You Recover From A
Natural Disaster?
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• In May 2015, Nepal and India have struck by an
  earthquake that had an intensity of 7 to 7.5 on
  reactor scale. Thousands of people died and
  injured in Nepal and about hundreds dead and
  injured in Bihar, India.A lot of damage to the
  houses and property were reported.

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• Damages caused by such a natural calamity, can't
  be measured just in terms of money as many people
  lost their family members that was not recovered
  by any other means. Those people can be feeling
  slightly better off who were attentive enough to
  secure their financial future by having the
  adequate insurance covers.
• Here are three types of insurance covers that can
  help you financially in natural disaster

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Home Insurance Policy

• Any natural disaster such as flood, storm and an
  earthquake, generally damages the property. The
  home insurance policy offer cover against these
  natural calamities, including fire,lightning,
  riots etc. Normally, people buy a basic home
  insurance policy to secure their house and
  business property against fire, burglary, theft
  and riots without having cover against an
  earthquake as it affects the insurance premium
  amount. Actually, the cover against an
  earthquake, is add-on that impacts the insurance
  premium depending upon place. In addition to buy
  a basic home insurance policy, you must choose a
  comprehensive house insurance policy that covers
  your house along with household articles,
  including jewellery, electrical items etc.
  against fire, lightning, earthquake, flood,
  storm, riots, strike, explosion burglary and
  theft.

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Personal Accident Insurance Policy

• During or after a natural disaster, the chances
  of getting injured or disabled are quite high. On
  25 April 2015, 250 people injured in India
  because of an earthquake and around 77 hurt badly
  in the one that hit on 12 May 2015. A personal
  accident insurance provides financial support in
  case of an accident of the policy holder. if the
  insured meets with an accident and get
  permanently or temporarily disabled, then the
  insurance company pays lump sum compensation. If
  the policy holder dies, the compensation amount
  is typically 100 of the sum insured. If the
  policy holder gets permanent disables, the
  insurance company pays a certain part of the sum
  insured and for temporary disability, it pays a
  weekly compensation, if the insured doesn't
  engage in to his/her occupation due to partial
  disablement caused by an accident.

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Basic Term Life Insurance Policy

• It provides financial cover to your family in
  your absence (death). It provides wider coverage
  at a lower premium. But, it doesn't pay any
  return if the insured person completes the
  survival time.

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