ECONOMICS

Detailed explanation-1: -Home insurance also known as property insurance or homeowner insurance covers the structure as well as the content. A home insurance policy provides coverage for your own house, rented house, apartment or luxury mansion as well.

Detailed explanation-2: -Personal possessions cover is an add-on that only a comprehensive car insurance policyholder can purchase. The insurer will provide coverage for any loss or damage to any of your personal possessions kept inside the car as per the insured declared value of your car insurance policy.

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: -Home insurance is an insurance policy that covers the costs and damage to your home or any insured property. It is a form of property insurance and one of the several types of general insurance products.

Detailed explanation-5: -The property insurance policy is the insurance that protects the physical goods and the equipment of the business or home against any loss from theft, fire, and any other perils. It can be an all-risk coverage policy that gives protection against all the risks.