Home insurance provides coverage for any damages sustained to the construction or contents of a house during a calamity. Buying a home is no easy feat. Houses are very expensive due to the high prices of real estate in major cities. Many people put their entire savings on the line and take huge loans to afford a home. Added to this big price tag are the expenses involved in furnishing the place to make it liveable. Thus, it only makes sense to protect a home with adequate insurance so that you do not lose everything in case things go awry.
Now, most people have heard of home insurance. Yet, very few are certain of what the coverage entails. In this article, we answer 7 frequently asked questions on home insurance to help you get a better understanding of the coverage that you can expect.
- What are the incidents covered under home insurance?
Home insurance covers losses sustained due to natural disasters and manmade calamities. This means that you generally receive compensation for the items included in the purview of your policy for damages that have occurred due to earthquakes, floods, fires, landslides, storms, cyclones, and robbery.
- What are the items covered in a home insurance plan?
A home insurance plan generally covers household appliances like refrigerator and air-conditioner, electronic devices like smartphones and laptops, furniture, glass fittings, paintings, and sanitary fittings among other things. Do ask your insurance provider for a detailed list of what their company’s policy will protect for you.
- Does home insurance include personal accident coverage?
Yes, a good home insurance plan should provide coverage for any accidents that lead to death, permanent/total disability and temporary disability.
- Is there any kind of protection for my home loan repayment under home insurance?
Yes, home insurance generally covers you for your home loan EMI for a maximum period of one year. This coverage will be subject to the unique terms set by your home insurance provider.
- Do domestic workers get covered under home insurance?
Yes, a home insurance plan covers you for any legal liabilities as a homeowner for damages sustained by a third-party in your property. You do get coverage for liabilities arising due to accidental death, injury or sickness sustained by domestic workers in your home.
- Can a tenant buy home insurance?
Yes, it is wise to buy home insurance even as a tenant. As a tenant, your policy will cover you for any liabilities to the home owner due to damages to the home. For instance, you will be covered against any damages to the building’s electrical fittings that can otherwise cost you heavy.
- Is jewellery covered under a home insurance policy?
Yes, all major general insurance providers include coverage for jewellery. There may be a limit to this coverage and this needs to be checked with the insurance company.
We hope these answers will help clear any doubts you may have had about home insurance. Whether you are a homeowner or a tenant, do make sure to get adequate coverage immediately. Take care.
There are several types of bridges and more are being developed every year.
The information from these types of reports can save the insurance company millions and dollars that would be spent if a similar claim was later reviewed and found to be justified.Types of Bridge Inspection The types of bridge inspections commonly utilized by insurance investigators include structural, hydrostatic, hydro-pump, structural stability, and material testing.
A thorough examination is performed by an inspector in order to identify any potential dangers to the integrity of a structure or the location of a site.
This allows the inspector to pinpoint weak points and damaged areas.
The results of the inspections are often used as part of the basis for determining whether or not to deny or approve a structure or location for use.
DOT does not license private inspectors, but many private inspectors are trained in the use of modern equipment, such as computer Aided design (CAD) software.
Want to know what is VA Permanent and Total Disability?
When VA awards Permanent and Total disability to a veteran whose disabilities are rated 100% with a very low likelihood of improvement, your rating then is protected for the rest of life.
To check the eligibility call us at 800-800-3332.
When people think of Vietnam, they’re often met with the visual of bustling cities, idyllic mountain landscapes and sun drenched beaches.
Or, perhaps, reminded of the nations war-torn history.Very rarely do they see the country for what it has become: a thriving technology hub.VIETNAM AMONG THE MOST RELIABLE DESTINATIONS FOR OFFSHORE SOFTWARE DEVELOPMENTVietnam is an incredible choice for intelligent businesses looking for offshore software development, because Vietnamese developers are some of the brightest and most ambitious technologists in the world.Forbes calls Vietnam a “small but mighty powerhouse” with “a highly adaptive approach to work and tech”, and its firm success as a newly-introduced member of the World Trade Organisation only serves to echo this sentiment.From education to culture to government, here’s why Vietnam should always be the first choice for your offshore software development.Vietnam outperforms the eastern and western worldsThe Vietnamese are intelligent and highly learned, with a 96.8% literacy rate among working-aged adults.In the 2015 OECD Program for International Student Assessment, which measures performance in maths, science and reading among 15-year-old students, Vietnam ranked 8th.To put this into a global context (72 world economies, in fact), that placed Vietnamese schoolkids higher than not only their counterparts in Hong Kong, China and South Korea – but also Australia (14th), the UK (15th) and the USA (25th).With 65% of the 97 million strong population under 35 years of age, it’s no surprise that the Vietnamese are switched on and ambitious, particularly when it comes to technology.When Google engineer Neil Fraser visited on a fact-finding trip to review Vietnam’s high-school computer science education methods, he found that half of Vietnam’s 16-year-olds would pass Google’s interview process, and kids as young as 10 were as technologically capable as those in the 11th grade back in his homeland.NOT ONLY DOES VIETNAM CHAMPION TECHNOLOGY EDUCATION, THEY ALSO EMPHASISE GENDER DIVERSITY IN STEMA government that champions technology readinessThe Vietnamese government has recognised the potential to be seen as a global software development leader – looking well beyond the “workshop of the world” capability and instead, building strong foundations for technology success.As a stable, one-party dominion, they are committed to providing high-quality STEM education to their population, encouraging English as a mandated second language, opening “technoparks” across the country and building world-class university infrastructure that focus on the sciences in all major cities.With a pronounced skills shortage plaguing businesses all over the developed world, the Vietnamese government’s focus on ensuring all students start learning coding and logic from the age of 10 is a strategy that is beginning to pay serious dividends for both the countries population and the businesses who have identified the opportunities they represent.Vietnam’s laser-focus on technologyWith technology mandated to be a primary pillar of Vietnam’s economy (seeing as over 250 higher learning institutions teach I.T.
), it’s no surprise that over 40,000 Vietnamese software professionals are graduating and entering the workforce each year.This represents an annual ~20% increase on an already established software industry that exported $3.5B USD worth of software in 2018, and 7.1% overall GDP growth in the same timeframe.
In short, Vietnam isn’t just a tech country, but a tech epicentre.By 2050, it’s projected that Vietnam will be among the top 20 economies in the world.It makes sense to get on board with their progress at a time where the rewards are abundant and highly cost-effective.By partnering with a high-quality offshoring operator leveraging Vietnam’s tech excellence, there aren’t just opportunities for direct access to “a growing population of entrepreneurs, engineers and technology experts” but also everything that comes with improved productivity and scalable skill implementation – happier teams, happier customers, better products and better companies.Saigon Technology has been offering reliable and affordable offshore software development services to customers worldwide such as USA, Canada, Europe, Australia, Singapore and other countries since 2010; with power of the top Vietnam senior software developers in the heart of Ho Chi Minh City, Vietnam.
