Residential property is one of the valuable assets that we have, because when we buy it we need large funds or in installments over the years. So protecting the valuable assets that we have with insurance is a very good suggestion.
Even though having a residential property insurance product will add to your expenses every month, the costs incurred are very small when compared to the 4 protection benefits that we will get, as follows:
1. Risk of loss due to natural disasters
Natural disasters can occur anytime and anywhere, we cannot predict in advance, which will result in damage to residential property. If you already have insurance, the loss will be borne by the insurance company.
2. Risk of Theft
If there is a theft at your home, you only need to report to the police and the insurance company about the stolen items and you will get compensation for the incident.
3. Bank Loan Terms
If you are going to apply for a bank loan or other financial institution with residential property collateral, they (the bank) will ask for proof of residential home insurance.
4. Stability of residential property values
The selling value of residential houses/properties will continue to increase, but if there is a riot that causes your house to be damaged, then the insurance company will pay for all the damage that occurs.
Even though having a residential property insurance product will add to your expenses every month, the costs incurred are very small when compared to the 4 protection benefits that we will get, as follows:
1. Risk of loss due to natural disasters
Natural disasters can occur anytime and anywhere, we cannot predict in advance, which will result in damage to residential property. If you already have insurance, the loss will be borne by the insurance company.
2. Risk of Theft
If there is a theft at your home, you only need to report to the police and the insurance company about the stolen items and you will get compensation for the incident.
3. Bank Loan Terms
If you are going to apply for a bank loan or other financial institution with residential property collateral, they (the bank) will ask for proof of residential home insurance.
4. Stability of residential property values
The selling value of residential houses/properties will continue to increase, but if there is a riot that causes your house to be damaged, then the insurance company will pay for all the damage that occurs.
