BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Home insurance (commonly known as property insurance or homeowner insurance) covers the costs of damages caused due to unforeseen circumstances such as natural calamities, man-made disasters, explosions or smoke, etc.

Detailed explanation-2: -Generally, the property insurance policy covers the risks of all the damages caused by fire, theft, wind, smoke, snow, lightning, etc. But, the property insurance does not cover any damages, caused by water due to flooding, water seepage, standing water, tsunamis, cyclones, etc.

Detailed explanation-3: -1. Home structure insurance covers the permanent structure of the house, including kitchen, bathroom fittings and roof, from any kinds of dangers and risks. 2. Contents insurance covers the contents inside the house, such as documents, electronics, and jewellery, from damages and loss owing to theft, fire, flood, etc.

Detailed explanation-4: -Property insurance is a type of insurance that aids in defending the tangible assets of a person’s personal or commercial property from unforeseen events. The three types of property insurance coverage are replacement cost, actual cash value, and extended replacement costs.