to build a house of your own It can be called a big project in one project life. because it takes time and money to invest including physical strength To inspire the house to come out as beautiful as a dream and valuable assets that must be deposited for long-term life should have collateral to increase peace of mind Prevent your life’s savings from being wasted in unforeseen events such as fires, floods, and earthquakes. Therefore, home insurance is more or less a guarantee of safety for homeowners.
Note : house building company trendyhome.co.th It is a well-known company in the home building business for a long time. We have more than 5000 houses built in Thailand.
There are many forms of home insurance. Therefore, we have gathered them in this article. Let’s go and see together to build a house of our own. It can be called a big project in one project life. because it takes time and money to invest including physical strength To inspire the house to come out as beautiful as a dream and valuable assets that must be deposited for long-term life should have collateral to increase peace of mind Prevent your life’s savings from being wasted in unforeseen events such as fires, floods, and earthquakes. Therefore, home insurance is more or less a guarantee of safety for homeowners. There are many forms of home insurance. Let’s go and see each other.
build a house What insurance should I have?
1. Fire Insurance
This type of insurance will be the main home insurance that must be done. When we have a home loan because of a fire or fire accident It’s the closest thing to us. It can also be caused by many reasons such as short circuit, defective electrical equipment. cooking gas leak Cooking or cooking is a lack of care. and many other reasons. Fire insurance is insurance that covers damages related to the home from 6 main risks:
- Vehicle damage
- Aircraft and water hazards (This does not include flooding, broken water pipes)
Home structure protection includes: The house itself, which excludes immovable foundations such as walls, glass, roofs, walls, and does not include assets within the structure intended for normal living, such as furniture, home appliances or fittings.
Fire insurance is short-term insurance, ie, with a term of not more than 1-3 years. Insurance premiums not more than 0.1% of the home’s value The fire insurance should not be less than 70% of the property’s value.
2. Home loan insurance
Home loan insurance or credit limit protection insurance Or home loan protection life insurance (Mortgage Reducing Term Assurance: MRTA) is life insurance that provides protection to the borrower. In the event that the loan applicant dies or permanent disability while the home loan installments are in progress The insurance will cover 100% or part of the loan at 70-80% as chosen by the loan applicant. Therefore, when an unexpected incident occurs with a loan applicant The insurance company will pay the remaining debt to the bank according to the sum insured specified in the contract. thus helping the heirs of the loan applicants not have to bear the burden of repaying the debt
3. Disaster insurance
It is insurance that covers accidents caused by disasters such as floods, storms, and earthquakes. This type of insurance will cover in the following cases:
- Severe disaster situation
- There are 2 or more claimants within 60 days from the date of the incident.
- The storm has a wind speed of 120 km/hr.
In the event of flooding, compensation will be made according to the water level. but for homes located in water storage areas, water support areas or through water Insurance companies do not accept this type of insurance.
4. Home property insurance
This type of insurance may be overlooked by many people. or rarely heard before But in fact, it has the same benefits as other types of insurance. Because it protects the assets in our home from damage. Because fire insurance only covers the structure of the house. Does not include home assets that may be of equally high value
Therefore, if we insure the contents of the home as well. various assets Inside the house according to the conditions of each policy, such as washing machines, refrigerators, TVs, furniture, lamps, wallpaper, walls will be protected This protection is conditioned on the occurrence of natural disasters such as floods, fires, storms, hail, lightning, or water events such as leaks, ruptures, damage to household appliances. or from a riot car crash
5. Theft insurance
Theft insurance is insurance that provides protection against loss or damage to the insured property. caused by the actions of the villain, which is an outsider by theft, robbery or robbery in which the culprit has entered or left the insured place. Theft insurance also covers damage to the building where the insured property is stored as a result of theft. The warranty is short term, year to year. The details of the protected assets must be viewed in the policy again.
After getting to know the details of each type of insurance It makes the homeowner feel relieved that when insurance is done If the unexpected happens beyond control We still have protection to mitigate serious incidents. Valuable assets and beautiful homes are also compensated. But for the peace of mind about the safety of the structure and construction of the house. It is up to the decision to choose a standard and professional home builder company. These home builders will have a long-term construction guarantee. making sure that the house is strong and safe And if there is any problem, it will surely be resolved without abandoning it.