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The do’s and don’ts of property insurance
Property insurance or home insurance is an insurance policy that offers you some degree of loss protection from damages caused to your home on account of various factors like fire, burglary, earthquakes and so on.
In taking out any kind of insurance policy, it is always important to take the time and make the effort to read the entire policy document so that you are fully informed of what kind of protection you are paying your annual premiums for.
Here are some important checkpoints when you decide to insure your property.
In declaring the value of the property, it is very important that you state the facts as they are. Any claim that is made will be thoroughly vetted by investigators. Hence, if there are discrepancies in the stated property size or value or the nature of other belongings insured, it may take much longer to process your claim in the event of any dispute.
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