What is electronic equipment insurance? Electronic Equipment Insurance – Inclusions The following items are included in an electronic equipment insurance policy —1. Damage due to fire: 2. Damage due to a natural calamity: 3. Electrical or mechanical breakdown: 4. Loss of data: 5. Increased cost of operations: 6. Cost of parts and fittings: Electronic Equipment […]

What is electronic equipment insurance? Electronic Equipment Insurance – Inclusions The following items are included in an electronic equipment insurance policy —1. Damage due to fire:If one or more of your insured electronic devices are damaged in an accidental fire, the insurer will handle the repair or replacement costs.2. Damage due to a natural calamity:An […]

Importance of a roof cover As previously stated, a homeowners insurance plan offers protection for the building’s roof. Here are some benefits of this coverage: 1. Keeps the house safe 2. Keeps leakage away 3. Prevents damage to wires and pipes 4. Aids in fire prevention Conclusion As you can observe, the roof of the […]

Features of building insurance 1. Outer structure coverage 2. Additional structure coverage 3. Possession coverage 4. Perils coverage 5. Loss of use coverage The bottom line As you can gather from the points outlined above, a building insurance plan is extremely advantageous. Whether you possess a commercial or personal property, obtaining building insurance is a […]

Tips To Protect Your Home From Landslide If you reside in a landslide-prone region, it is crucial to take measures to secure your home. Here are several effective methods to protect your belongings. 1. Conduct A Risk Assessment: 2. Implement Effective Drainage Systems: 3. Use Retaining Walls: 4. Plant Vegetation: 5. Obtain An Insurance: 6. […]

Home Insurance Tax Benefits According to the Income Tax Act, insurance premiums in India typically do not qualify for direct tax reductions. Nevertheless, home insurance tax advantages can be claimed under certain conditions.1. Home Loan Insurance Premiums:Under Section 80C of the tax legislation, premiums paid for home insurance linked to a home loan may be […]

Types of storms In India, there are various types of storms that could cause substantial property losses. It is essential that we comprehend how these occurrences are addressed by our online property insurance policies for our protection. Some typical types of storms include the following:1. Wind storms:Wind storms can cause significant structural damage and even […]

Categories of Properties According to the Income Tax Act, income from residential property is categorized into two main types:1. Self-occupied property (SOP)Housing primarily pertains to ‘self-occupied property’ or ‘SOP’, signifying the property owned and lived in by the owner. If an individual builds multiple self-occupied properties, they must select one to report as self-occupied, while […]

What Does Tax-Free Rent Mean? How to Assess Your Tax-Free Rent? The smallest of the following three amounts indicates the level of rent that is tax-free:1. The actual HRA amount you have received from your employer.2. It can be a maximum of 40% of your basic salary if you reside in a non-metropolitan area or […]

Reasons why Dhanteras investments are favored There are numerous reasons why individuals prefer to invest in a home during Dhanteras. Here are a few of them:1. Culturally and astrologically significantPrimarily, Indians hold the belief that Goddess Laxmi blesses them and aids in enhancing their wealth if they invest on this day. It is celebrated as […]