Home Insurance in Bangladesh, is not a common phenomenon insurance this insurance policy rarely we were seen. What is Home Insurance? Generally, Home insurance means hazard insurance or homeowner's insurance. In Bangladesh, Home insurance policy is known to as a multiple-line insurance policy, which involves both property or home insurance and also liability coverage, with an indivisible premium, meaning that a single premium is paid for all risks.
Benefit Of Home Insurance:
Homeowners insurance help you to financial protection against any kind of disasters. Home insurance coverage depends on Home insurance policy. Generally Home insurance protects both damage to your property and your liability or legal liability for any accidents and asset damage you or members of your family cause to other people.
Home Insurance Coverage categories:
Segment 1:
Property Coverages:
- Coverage A – Dwelling
- Coverage B – Other Structures
- Coverage C – Personal Property
- Coverage D – Loss of Use/Additional Living Expenses
- Exclusions
- Floods
Segment 2:
Liability Coverages:
- Coverage E – Personal Liability
- Causes of loss
Standard Home Insurance Coverage:
- The structure of your house
- Your personal belongings
- Liability protection
- Additional living expenses