Things you should know about a home insurance policy

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Things you should know about a home insurance
policy
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• Home is supposed to be your most prized
  possession and protecting it cannot be called an
  unnecessary expense.
• Most people think of home insurance as an
  unnecessary expense
• But you will only realize until you actually need
  it
• Buying the right home insurance policy will be
  worth all your money invested

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Tips to consider before buying a policy
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Know your requirement

• Know the actual value of your home, only then you
  will be able to decide on how much of home
  insurance you need
• Do not solely rely on insurance agent, and keep a
  self-check on your homes value

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Understand the risk

• Your premium will depend on several factors such
  as
• Pre-existing damage in the house
• Living habits
• Crime rate in the neighbourhood
• The area at which your house is located
• Proximity to the highways

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• Higher the risk of something happening, higher
  will be the premium

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Keep a check on things that can save you premium
cost

• You can actually save a lot of money by keeping a
  few things in mind
• Hi tech security system
• Burglary alarm system
• Fire alarms and sprinklers
• Advanced heating systems
• Advanced wiring and electrical system for the
  home
• Proximity of home to fire department
• A home located near a police department
• Well-structured and maintained stairs and
  sidewalks

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