Why is property insurance important for Homeowners

1
Why is Property Insurance Important for
Homeowners?
2
Why is Property Insurance Important for
Homeowners? The Philippine real estate industry
has been evolving over the years. It has helped
raise the country's economy despite of inflation
due to the new tax laws. In addition, the
country encounters natural disasters caused by
typhoons and earthquakes which makes its
infrastructures more susceptible to damages.
3
What are the kinds of insurance to choose from
and what are its coverage?
4
Basic and Standard Insurance Policy
5
This covers protection of the house from fire or
damages of properties.
6
Note
7
Most homeowners will choose the basic and
standard insurance policy as it is one of the
requirements when applying for a house mortgage.
8
Comprehensive Insurance Policy
9
This type of insurance policy includes added
benefits that will protect the house and its
properties from damages caused by fire, lightning
and other natural causes such as typhoons and
earthquake.
10
Note
11
Homeowners do not acquire this kind of policy
since it can be quite expensive. However, they
strongly believe that it is not necessary for the
added benefits.
12
How to avail an insurance policy for your home?
13
When buying a house or a property, always inquire
for an inclusion of insurance. A Brown Company
Inc. has partnered with banks and insurance
companies to give the buyers optimal choices of
benefits and policies that are right to their
budget and needs.
14
Why is home and property insurance important?
15
The Philippines is an archipelago and is one of
the most tropical countries in SouthEast Asia and
the world. Annually, the country experiences
typhoons and other natural causes that will most
likely result in a major disaster. Many Filipino
homes are vulnerable to these causes and without
protection, it will be difficult to finance the
rehabilitation and restoration of the damaged
homes.
16
Whats in store?
17
Whats in store?   There are a lot of insurance
companies that are offering better policies for
homeowners. Getting a property and home insurance
is important. It will not only protect the house
but also the welfare and future of homeowners.