Natural disasters can strike anytime. While we can do little to prevent
such calamities, we can secure ourselves with adequate insurance.
Take cover
No one can say when the next natural disaster will strike. “In India, only life, health and vehicle insurances are common. However, earthquakes and floods can strike any time. We need to protect our assets from such calamities,” says Abhishek Mishra, CEO, Bonanza Insurance. One way of doing so it is to ..
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https://economictimes.indiatimes.com/wealth/insure/other-risk-covers/how-to-buy-home-insurance-to-protect-against-natural-calamities/articleshow/69278732.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Take precautions after insuring
Insurance laws ask you to take every step to protect your assets. Insurance companies usually educate people about this. “Once Cyclone Fani was announced by IMD, we sent out messages about ways to protect your assets like car, house, etc,” says Dutta. These measures are standard procedures like sealing any portion of the house where there is a chance of leakage and repairing old and creaky windows.
Protect your documents
Keeping important documents like degree certificates, registration documents of the house, etc in bank lockers is a wise step. Damage of critical documents can create serious problems in future. “Due to their design, bank lockers can withstand flood, fire, etc and therefore, will be safer than the house.” says Mishra. Please save insurance related documents also from damage because they would be needed to make a claim after any disaster.
Follow correct steps for claims
Insurers are usually lenient towards claims after natural disasters and therefore, claim settlement may not be difficult. “After any disaster, submit a claim intimation to the insurer. If it is fire related, you need to submit an FIR and the fire brigade’s report. Insurers release payment after getting reports from their surveyors,” says Mishra. No FIR is needed if damage is due to other reasons like flooding, short circuit or power surge