Property insurance usually protects the unit’s contents and personal possessions from disasters and unwanted situations such as theft, fire, lightning, earthquakes, and storms. However, it has its limitation and exclusions. Some situations like floods are excluded by most property insurance.
The plan is designed to suit your private home or condominium with flexible building and home contents coverage with protection for your high-value items. You are free to choose your desired level of main coverages and several add-ons that fit your lifestyle.
Usually, you will have a set of four add-on options, which are break-in theft protection for your personal belongings, coverage for damages to your electrical appliances or electrical short circuit, plate glass coverage and personal liability.
We’d like to introduce you to the most common insurance on the market right now that can provide you with the best premiums and benefits.
Home insurance is the most common form of property insurance. It protects your home against fire, smoke, wind, lightning, and other natural disasters. This form of insurance is usually valid for a set period of time. Your home is your pride and joy, so make sure you have the right home insurance to protect it.
Condominium insurance is an insurance policy designed specifically for condominium owners. It usually assists you in the repair of your unit and property if your belongings are stolen or destroyed as a result of unexpected situations, such as fire, theft, or vandalism. Even if the building itself already has insurance, it may not provide protection for things that occur inside your specific unit.
For most people, their property is their most valuable asset that you need to protect. However, choosing the best insurance policy for your specific property can be difficult. Here at the Thaiger, we are a one-stop-shop for your insurance needs. We compare all of the options and recommend the best solutions to meet your specific needs in just a few simple steps.
Property insurance is necessary as it can help you save more money if any unexpected mishaps might happen to your property. Property repairs and damages can be expensive and having property insurance can help share the costs.
However, we understand that paying for the premiums can be a burden. It could even be quietly costing you more money than it should. There are ways you can save. One of the most common ways is to raise your deductible to reduce your premium. A deductible is an amount you pay if you have to make a claim. You can also ask about discounts and skip small claims, such as minor conditions. Some insurers offer discounts if you remain claim-free for a certain period of time.
Buying a home is a once-in-a-lifetime opportunity and you’ve probably put a lot of time, effort, and sweat into it, so you should consider purchasing insurance to protect your valuable assets.
If a worst-case situation occurs inside the grounds of your property and everything has to be replaced from top to bottom, your insurance should cover all of the losses, as well as demolition, clean-up, and rebuilding costs, taking into account the increased price and expense since the day you bought your property.