There are many classes of insurance available through out the world. Each country has its own meaning and definition of each insurance class. Property Insurance / Fire Insurance Fire Insurance is an insurance which protects the Insured’s (person who buys the insurance policy) property from any disaster or unfortunate event due to or caused by basic fire & lightning or other perils such as Aircraft Damage, Earthquake and Volcanic Eruption, Storm, Tempest, Flood, Explosion, Impact Damage, Bursting or Overflowing of Water Tanks Apparatus or Pipes, Electrical Installations, Bush Fire, Subsidence and Landslip/Landslide, Spontaneous Combustion, Riot Strike and Malicious Damage, Damage By Falling Trees or Branches and Objects and/or even a Cold Storage. Similar with Fire Insurance policy, the House owner/Householder Insurance mainly covers the property you have against theft, fire, and also flood (depends on the extended perils you may add). Instead protecting the building, Householder Insurance covers all the belongings inside your property such as your HiFi, Plasma TV, Sofas, Kitchen Cabinet, Expensive Vases, Expensive Sculpture, and many more. Some people only take up Fire Insurance but forgetting about the household items which could be higher than the property itself. So my suggestion is, whenever you buy Fire Insurance policy from your insurance provider, try asking about the Householder/House owner Insurance as well. Make it as add on item in your Fire Insurance policy.
Chandramugi part 2
14 years ago
