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Turkey-Syria Earthquake: How A Home Insurance Can Come To Your Rescue During Such Times?

We sympathise with the people of Turkey and Syria, who are suffering from the effects of a recent severe earthquake. Seeing images of people being ejected from their houses, distraught expressions, and mass funerals on television is too upsetting for us to bear.

The good news is that if a calamity like this occurs in their area, people will be looking for measures to limit the damage. One’s own life and the lives of those close to him should be protected first in the case of an earthquake. While there is a significant probability that lives may be lost in such an incident, it is important to keep in mind that the building’s structure and contents will also be affected. *

Rebuilding a structure after it has been damaged by an earthquake can be expensive. Home insurance offers financial assistance to repair earthquake-related damage to your home or flat. The content and structure of your home are protected by home insurance against natural disasters like fire, flood, storm, hurricane, earthquake, landslide, etc., as well as man-made risks like theft, burglary, and terrorism. *

What form of home insurance policy should you get to get the most protection against earthquake damage?

Your house insurance plan may include particular exclusive and inclusive add-ons, depending on your insurer and the plan you choose.

However, if you want to protect your house from earthquake damage to the fullest extent possible, get a comprehensive home insurance policy that includes coverage for both your house’s structure and contents. The severity and intensity of an earthquake will determine the damage. It can occasionally seriously damage the building’s structure as well as its treasures, antiquities, carry-on items, imported toys, and other items. For instance, a tremor could cause cracks in your walls, smash an old chandelier on the floor, or even harm a wall-mounted television.

Damage to your possessions can result in significant financial loss in addition to harm to your property. So, it is sensible to get comprehensive house insurance coverage that protects both the structure and the contents. Since your home insurance coverage already covers earthquakes, there is no need for a separate earthquake insurance policy for your home.

What about the harm brought on by an enormous earthquake’s aftershocks?

Aftershocks from a big earthquake are typically anticipated and can cause significant damage even after the original destruction. Due to this, the house insurance plans include a 72-hour clause, according to which any loss or damage to the insured property that occurs within 72 hours of the initial event is treated as a single event.

Items to keep in mind

  • Always choose a house insurance policy that includes coverage for both your home’s structure and contents.
  • If you still need to secure your home, try doing it as quickly as possible to protect yourself from financial losses caused by specified perils.
  • Take prompt action to maintain the stability of your home’s structure.
  • Continue timely renewal of your home insurance to keep your home safe.
  • To ensure a smooth claim settlement, always be open and honest with your insurer when purchasing property insurance.

Your biggest asset is your house. Most people spend their entire lives saving enough money to buy a home. The best approach to make sure you value your possessions and money as well as to protect this haven with home insurance. In order to keep yourself and your loved ones safe inside your home’s exquisitely decorated walls, you need also to insure your house thoroughly. A home insurance calculator is a tool you may use online to determine the amount of coverage required based on your needs. *

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Amanda Peterson: Amanda is an economist turned blogger who provides readers with an in-depth look at macroeconomic trends and their impact on businesses.