Natural disasters are unforeseen yet disastrous incidents. This is why you should be prepared to protect your property or assets from such catastrophes.
Apart from adopting preventive measures, the wisest choice is to get an insurance plan that provides asset protection against earthquakes, cyclones, floods, landslides, and other such events.
Want to know about these preventive measures in detail? Keep reading!
Super cyclone Amphan landed in India-Bangladesh territory, which was one of the most deadly tropical cyclones. As per UN report, it resulted in an economic loss of $14 billion.
It had set such an example of the destruction of property that the internet was flooded with the question “what to do if your house floods?”
On that note, here is a detailed discourse on what constitute important assets to protect against natural disasters.
Assets comprise your home, valuables, furniture, vehicles, etc. To broadly categorise, it can be considered under 2 heads:
In India, a house is the most costly property. However, only 1% of houses are under homeowner insurance, although home insurance is as affordable as other insurances and has a yearly premium scheme.
There is no full-proof answer on how to prevent flooding in home. However, insurance companies have the exact solution to recover the cost of damage due to flooding.
Homeowner insurance has various clauses under them. Some cover natural disasters, while others do not. Therefore, before you buy any insurance, know its terms and conditions very well.
Fortunately, vehicle insurance is made compulsory for all vehicle owners, and it covers damages caused by natural calamities.
To avail the facilities and save your property from natural disaster awareness and updated information is very necessary.
Here are some tips on precautions of disaster management:
A home insurance policy should be taken as a safety measure during natural disasters. All homeowner policies do not cover damage under natural disasters. However, check the details of insured disasters before you buy one.
Some homeowner insurance providers with “insured disasters” have a compulsory 5% deductible in case of natural disasters. Conversely, many insurers do not apply deductibles to individual homeowners insurance at all.
Homeowner policies cover:
Home insurance policy covering natural disasters provides the cost of damage of any electronic appliances inside and outside the affected insured property. Therefore, homeowner policy is all in one package protection from natural disasters.
A comprehensive vehicle insurance policy answers the question; how to prevent natural disasters from affecting your automobiles. Before buying insurance for vehicles, check if it covers the damage caused by an accident and natural calamities.
By taking safety measures and opting for the right insurance plan, you can ensure protection against earthquakes, landslides, cyclones, floods, or any other natural disaster. However, besides protecting the assets, you also have to protect yourself and the community. Spread awareness and support your community during natural calamities. We all together can face difficult times and recover from the loss.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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