Importance of Home Insurance

Why Is Home Insurance Essential?

How many times have you heard of or seen on the news channels about natural disasters like cyclones, earthquakes and floods damaging entire cities? Or have you heard of a burglary, fire or electrical breakdown in the neighborhood? God forbid any such thing happens to you where your house or essentials are damaged or taken away from you. But, it is essential that you be prepared for any such events to unfortunately occur. Now you may ask what we mean by ‘be prepared’. One of the most essentials ways is by having your home insured.

What is home insurance?

There isn’t much we can do against natural disasters. But, we can definitely take steps to reduce some of the hardships faced during such times with the help of a home insurance that protects your home and valuables against any damage. Basically, a home insurance policy covers damage caused by fire, lightening, flood and storm. You can get protection against earthquake by paying an extra amount for it. Home insurance policies may also cover burglary, mechanical breakdown and electrical breakdown. Other policies may also include protecting everything within your home including furniture and fixtures. All of this depends on the insurance company and its rules. If you invest in a great home from a reputed developer, you can approach the best insurance companies and have your policy request approved. One such prestigious name is Adisesh Projects who provides the best villas and Flats in Hoskote around Bangalore.

Why is home insurance essential?

Home investment is a big investment

Investing in a home is a huge one-time investment for many. Investing in a car or large appliances is also a significant investment but, such possessions start depreciating in value as soon as you start using them, while the value of a home tends to increase over time. Having a home insurance policy to help retain your investment funds should be at the top of your priority list.

It brings peace of mind

When you have your home insured, it brings you peace of mind. You can obviously not prevent disasters like floods and earthquakes coming but, you can rest assured that even after all these disasters affect your home, you have a safety net between you and the calamity, which is the home insurance policy that will cover for all the damage you have faced thus, helping you to maintain the same financial status level even after being hit badly by the ruins.

Replacement of valuables

Home insurance policies not only cover damage to your home but also to the valuables within your home. So, for any damage done due to burglary or theft, home insurance pays for your belongings. Similarly, in case of fire or any such calamity too, the policy will help to pay for repair or replacement of your expensive belongings. Thus, if you have a home insurance policy, you can rest relaxed in case of any burglary, theft, fire, etc.

Home loan lenders ask for it

If you are looking for a mortgage of refinance, the lender will ask you to provide proof which shows that your house is effectively insured. They want to make sure that their financial stakes are protected. Nobody will want to take a risk at lending money. If you don’t have a home insurance and don’t purchase one within a given time frame, the lender has the right to cancel the deal or purchase insurance for your home while adding the premium to your monthly payment. But, it is always better to purchase a policy on your own base d on your needs and budget rather than leaving it in the hands of your lender.

How To Give Your Home A Pocket-Friendly Makeover?

Do you want to give your home a make-over but, are postponing your plan because you don't have the budget yet? There isn't any need to postpone! You might have seen your friends spending a whole lot of money on redecorating their space. This is what scares you and has you turn off your plan of renovating at the moment. But, do you know that you can get a renovated home without breaking the bank? Here are some easy, quick and affordable tips and tricks that would help you redesign your rooms, if not renovate them completely. Let’s take a look at how you can renovate every individual room.

Living room

There isn't any need to buy new furniture and spend a wholesome to make your living room a beautiful place to invite your guests to be seated. You can get your furniture exchanged or buy second-hand furniture that is still good enough to invest in. Or at the least, get the furnishings and covers changed. Throw some vibrant colored cushions on your couch for a new and fresh look. Get off with your old drapes but, don't buy new ones. Use some of the extra bed sets or any other fabric you might be having and sew new drapes on your own. Place fresh or artificial flower vases around the room to complete the look.

Bedrooms

Paint your wooden furniture in a different color. Use new bed sets. Just like the living room, sew new drapes for your room and line up one side of your bed with some vibrant cushions. Make a beautiful new quilt by using old clothes, used tablecloths and faded curtains. This will not only bring you a new quilt but, will also have you utilize your old and unnecessary essentials.

Kitchen

Make your kitchen an artistic one by crafting a shelf on one wall and placing vintage items, painted plates and any such other beautiful crockery items lined up beautifully on it. You can also put up beautiful glass frames painted in oil paint on your walls. If you have a dining table in the kitchen, cover it with an easy-to-clean oilcloth. Change the handles of all the cupboards and drawers by fixing those that are the latest in trend. It might seem like a very tiny thing but, it will add up to the beauty of your kitchen.

Bathroom

Make your bathroom look bigger, brighter and cleaner by painting it white. Hang wooden blinds in your bathroom, which are inexpensive yet stylish as compared to curtains. If your bathroom has a separate shower area, you can add a shower glass to give a bigger look to your bathroom. Add a beautifully designed large wall mirror.

Do-it-yourself

Renovating your home can be made more affordable if you do all the possible things yourself. You know how costly it gets to hire a painter, carpenter, tailor and other home decorators. Try doing as much as you can yourself. Take help from all your family members. After all, it is every member’s duty to do so. Do the painting, artwork, sewing, changing the handles, etc. yourself.

Work smartly and design your home beautifully and stylishly while staying within your budget. Happy renovating!