Natural calamities like floods, earthquakes etc have made people add home risk cover insurance
Advertisement
Advertisement
The five elements that balance the cycle of nature comprise of air, water, earth, fire and ether. They are the basic essentials of our very existence and hence all powerful. They have even appeared in the Vedas as the “panchamahabhutas" or "five great elements."
Just like two sides of the same coin, Mother Nature has a flip side and these elements can create havoc with devastating destructions like floods, earthquakes, storms, lightning, cyclones, etc. Thus, it’s safe to say that nature is unpredictable and these natural calamities can strike anyone, anywhere and anytime.
For instance, let’s take the recent earthquake in North India or floods in South India. People had to be evacuated and crores of money was spent to put things back in order after the mass destruction. Nobody foresaw that Chennai will witness the wrath of nature. Continuous rains for several days brought the city to a standstill, and people were stranded in their homes or offices and life was crippled for over a month. With no respite in sight, the houses were water logged for 20 days! Even though the probability of these eventualities occurring is low, you still cannot take it for granted. So one of our prudent investors, Mr. Rajesh, immediately sought a
Also read: MHA experts warn the government of big earthquakes in the Himalayan region
Advertisement
Hence, from the financial perspective, it is important to secure your home from these possible risks and it makes sense to take a good home insurance cover that will secure your financial future.
Also read: 10 tips to get the best home loan offer
We cannot control nature but can certainly invest in a product that gives you the peace of mind so that and you can be rest assured not to be worried about the consequences. After all, prevention is better than cure!
About the author: Mimi Partha Sarathy is the Managing Director of
Advertisement
Image sourceAdvertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh