Many homeowners insure their vehicles and health but leave their largest asset, the house, under-protected. Home insurance can cover the building structure, contents, appliances, furniture, jewelry, portable equipment, and additional living expenses depending on the plan. Apartment owners and independent house owners should structure cover differently.
Structure and Contents Are Separate
Structure insurance covers the cost of rebuilding the home after fire, earthquake, flood, or other covered events. Contents insurance covers items inside the home. Apartment owners should clarify whether the society or lender policy covers only the building shell, because personal contents usually require a separate cover.
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Valuables Need Proper Declaration
Jewelry, high-value electronics, artwork, and portable devices may have sub-limits or require itemized declaration. Keeping invoices, photographs, and valuation certificates helps during claim assessment. Without proof, settlement can become difficult even when the policy technically covers contents.
- Review whether earthquake, flood, terrorism, and burglary covers are included.
- Update contents value after renovations or major purchases.
- Keep digital copies of invoices and photographs of valuable items.
- For home insurance information, call or contact BIMAHEADQUARTER for guidance.