Are you planning to buy the home insurance? If yes, it will be better to inquire thoroughly about the coverage plan so that there is no confusion at later stage regarding the claim filing. This is because the coverage plan differs from one insurance provider to the other so make sure you know how home insurance is calculated. Basically, an average home insurer offers protection against the natural as well man-made disasters. Although, the list of all the events covered in the plan can vary, the name of fire, water damage, theft, robbery vandalism and so on. Most of the insurer often provides protection against the flood, cyclone and storms.
The coverage regarding the earthquake, pollution damage, terrorism and radioactive decay is not included in the general plan. But, this also provides a fine opportunity to the companies to offer it as the value added coverage against which extra premium is charged. For bigger policies, like corporate, grouped, such coverage demands very less premium which is often adjusted in the deductibles. Apart from these basic plans, many reputed home insurance policies often offer protection against any damage to valuables like TVs, Refrigerator, washing machine, kitchen appliances and others. All these are included in the main coverage plan of the homeowners insurance companies.