Without a doubt, investing in home insurance is one of the smartest decisions you can make for your home. After all, it pays to protect your most valuable asset, especially in the event of any unfortunate incident that compromises the safety and security it offers.
However, getting insurance for the home involves more than just signing up for an insurance policy. You need to understand exactly what you’re getting into, including the coverage of your insurance, how much you’ll need to spend, and so on.
Here are five questions you need to ask before securing an insurance policy for your home.
How can I maximize the home insurance package I’m getting?
Ask about what the insurance package offers and covers. You would greatly benefit from a more flexible insurance plan that accommodates your specific needs and certain scenarios. For example, FGen’s home insurance package offers extensions such as debris removal (clean-up costs related to covered peril) and alternative accommodation expense (if you cannot stay in your building due to a covered peril).
Does my insurance policy cover fire, floods, earthquakes, and other disasters?
Basic home insurance policies (such as FGen’s) only covers damage to your building or the items within it due to fire & lightning.. However, you may opt to get additional coverage such as protection against typhoons, earthquakes, and flooding — and in a country like the Philippines that is constantly hit by these disasters, it would be wise to explore this option.
Does my insurance cover family liability?
In a nutshell, liability covers the costs of lawsuits against you for bodily injury or property damage that you or your family members may have caused. It pays for both the cost of defending you in court as well as any court awards (that don’t exceed the limit of your policy). For FGen’s policy, protection covers up to Php 10,000 per person for one accident, with an aggregate limit of Php 100,000 for the duration of the insurance period.
Can I get family accident insurance as well?
There’s more to the home than just the physical structure that defines its borders. The people who make your house a home need to be protected as well. Home insurance policies like FGen’s offer medical reimbursement for spouses and children covering accidental death or disablement anywhere in the world.
What other things can my home be insured against?
Be sure to ask about other situations in which you might need protection. For instance, you can protect your home from losses or property damage resulting from burglary or theft, but did you know that you also have the option to protect it from damage resulting from public disturbances such as strikes and rallies? With the right insurance policy in place, you won’t have to worry about your security being out of your hands, whether it’s a natural or manmade disturbance you’re facing.
It’s never too early to secure your home — and your future. Talk to us today and find the right home insurance policy for you. Visit https://www.fgeninsurance.com/ to learn more or call us at (+632) 706 3959.