{"id":5561,"date":"2020-07-14T13:46:19","date_gmt":"2020-07-14T13:46:19","guid":{"rendered":"https:\/\/cometinsure.com\/blog\/?p=5561"},"modified":"2020-10-19T11:51:03","modified_gmt":"2020-10-19T11:51:03","slug":"why-is-it-essential-to-have-household-insurance","status":"publish","type":"post","link":"https:\/\/cometinsure.com\/blog\/why-is-it-essential-to-have-household-insurance\/","title":{"rendered":"Why Is It Essential To Have Household Insurance?"},"content":{"rendered":"<div  class=\"tatsu-ggau0nu5jl1r4aa8 tatsu-section  tatsu-bg-overlay   tatsu-clearfix\" data-title=\"\"  data-headerscheme=\"background--dark\"><div class='tatsu-section-pad clearfix' data-padding='{\"d\":\"15px 0px 15px 0px\"}' data-padding-top='15px'><div class=\"tatsu-row-wrap  tatsu-wrap tatsu-row-one-col tatsu-row-has-one-cols tatsu-medium-gutter tatsu-reg-cols  tatsu-clearfix tatsu-ggau0nu5tzehhx2n\" ><div  class=\"tatsu-row \" ><div  class=\"tatsu-column  tatsu-bg-overlay tatsu-one-col tatsu-column-image-none tatsu-column-effect-none  tatsu-ggau0nu63l6ab2m8\"  data-parallax-speed=\"0\" style=\"\"><div class=\"tatsu-column-inner \" ><div class=\"tatsu-column-pad-wrap\"><div class=\"tatsu-column-pad\" ><div  class=\"tatsu-module tatsu-text-block-wrap tatsu-ggau0nu6cn5r1cm5  \"><div class=\"tatsu-text-inner tatsu-align-center  clearfix\" ><style>.tatsu-ggau0nu6cn5r1cm5.tatsu-text-block-wrap .tatsu-text-inner{width: 100%;text-align: left;color: rgba(0,0,0,1) ;}.tatsu-ggau0nu6cn5r1cm5 .tatsu-text-inner *{color: rgba(0,0,0,1) ;}<\/style>\n<p><span style=\"font-weight: 400;\">Your home, the place you live in, which you have bought classifies as one of your most valuable assets. And it\u2019s your foremost responsibility to protect that asset. Hence, you turn towards <\/span><span style=\"font-weight: 400;\">household insurance<\/span><span style=\"font-weight: 400;\"> which enables you to protect this investment of yours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Naturally so, you must have wondered what <\/span><span style=\"font-weight: 400;\">household insurance<\/span><span style=\"font-weight: 400;\"> does, whether you have already bought a house or are still paying for its mortgage. Some of the most important reasons behind considering <\/span><span style=\"font-weight: 400;\">household insurance<\/span><span style=\"font-weight: 400;\"> are:<\/span><\/p>\n<h4 style=\"text-align: left;\">1. Requirement:<\/h4>\n<p><span style=\"font-weight: 400;\">In some cases, owning a <\/span><span style=\"font-weight: 400;\">household insurance<\/span><span style=\"font-weight: 400;\"> plan is a part of the requirement. For example, if you have a mortgage, it may be a requirement from your lender that you have <\/span><span style=\"font-weight: 400;\">household insurance<\/span><span style=\"font-weight: 400;\"> from <\/span><span style=\"font-weight: 400;\">insurance companies in Pakistan<\/span><span style=\"font-weight: 400;\">. This is simply to ensure that in case of any damage caused due to any unforeseen events, the house is covered by insurance.\u00a0<\/span><\/p>\n<h4 style=\"text-align: left;\">2. Household insurance coverage:<\/h4>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">household insurance policy<\/span><span style=\"font-weight: 400;\"> covers several aspects besides just the house. Yes, the house including your belongings or medical bills is covered by insurance but it goes beyond that. Household insurance may cover some or all of the following:\u00a0<\/span><\/p>\n<ul>\n<li><b>Dwelling coverage:<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If a covered peril damages your home or parts of it such as the garage, this dwelling coverage will help in paying for its repair. The charges for this claim are calculated by taking in to account the houses square footage.\u00a0<\/span><\/p>\n<ul>\n<li><b>Structure coverage:\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If a fence or a shed on your property are destroyed, this other structure coverage enables you to pay for its repairs and get it fixed.\u00a0<\/span><\/p>\n<ul>\n<li><b>Personal property coverage:\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Belongings such as furniture or electronics are covered by personal property coverage in the case that they are damaged and need to be repaired.\u00a0<\/span><\/p>\n<ul>\n<li><b>Personal liability coverage:\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the case that you or your family member have accidentally damaged someone else\u2019s property or even accidentally injured them then personal liability coverage will cover you. This coverage could help you in paying for your legal bills or repairs or even medical bills.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Guest medical protection:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When a guest is staying at your home and he or she accidentally gets injured on your property, then the guest medical protection policy of your coverage will bear all the medical expenses.\u00a0<\/span><\/p>\n<ul>\n<li><b>Additional living expenses coverage:<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the instance that you are unable to live in your own house temporarily due to destruction or a fire outbreak for example then the place you will be living at temporarily will be paid for by your <\/span><a href=\"https:\/\/cometinsure.com\/pk\/\"><span style=\"font-weight: 400;\">insurance company<\/span><\/a><span style=\"font-weight: 400;\">. They will bare these temporary living expenses that you will have to pay for.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hence, having <\/span><span style=\"font-weight: 400;\">household insurance<\/span><span style=\"font-weight: 400;\"> will provide a financial safety net for you, which is what makes it essential. One must have <\/span><span style=\"font-weight: 400;\">household insurance<\/span><span style=\"font-weight: 400;\"> however, despite the benefits that it entails and comprises off <\/span><span style=\"font-weight: 400;\">household insurance<\/span><span style=\"font-weight: 400;\"> also encompasses its own limits as well as deductibles. Limits consist of the most that an insurance company will pay for a claim and deductibles include the amount you are required to pay before your insurance kicks in.<\/span><\/p>\n<\/div><\/div><\/div><\/div><div class = \"tatsu-column-bg-image-wrap\"><div class = \"tatsu-column-bg-image tatsu-bg-lazyload\" data-src = \"\"><\/div><\/div><div class=\"tatsu-overlay tatsu-column-overlay tatsu-animate-none\" ><\/div><\/div><style>.tatsu-row > .tatsu-ggau0nu63l6ab2m8.tatsu-column{width: 100%;}.tatsu-ggau0nu63l6ab2m8.tatsu-column > .tatsu-column-inner > .tatsu-column-overlay{mix-blend-mode: normal;}.tatsu-ggau0nu63l6ab2m8 > .tatsu-column-inner > .tatsu-top-divider{z-index: 9999;}.tatsu-ggau0nu63l6ab2m8 > .tatsu-column-inner > .tatsu-bottom-divider{z-index: 9999;}.tatsu-ggau0nu63l6ab2m8 > .tatsu-column-inner > .tatsu-left-divider{z-index: 9999;}.tatsu-ggau0nu63l6ab2m8 > .tatsu-column-inner > .tatsu-right-divider{z-index: 9999;}<\/style><\/div><\/div><\/div><\/div><div class=\"tatsu-section-background-wrap\"><div class = \"tatsu-section-background tatsu-bg-lazyload\" data-src = \"\"><\/div><\/div><div class=\"tatsu-overlay tatsu-section-overlay\"><\/div><style>.tatsu-ggau0nu5jl1r4aa8 .tatsu-section-pad{padding: 15px 0px 15px 0px;}.tatsu-ggau0nu5jl1r4aa8 > .tatsu-bottom-divider{z-index: 9999;}.tatsu-ggau0nu5jl1r4aa8 > .tatsu-top-divider{z-index: 9999;}.tatsu-ggau0nu5jl1r4aa8 .tatsu-section-overlay{mix-blend-mode: normal;}<\/style><\/div>\n","protected":false},"excerpt":{"rendered":"<div><a href=\"https:\/\/cometinsure.com\/blog\/why-is-it-essential-to-have-household-insurance\/\" class=\"exp-read-more exp-read-more-underlined\">Read More<\/a><\/div>\n","protected":false},"author":4,"featured_media":5562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[57,32],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Is It Essential To Have Household Insurance? | Cometinsure<\/title>\n<meta name=\"description\" content=\"Your home, which is one of your most valuable assets. 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