J&K floods in September 2014, Hud Hud Cyclone hit Eastern India in October 2014 and floods hit Andhra Pradesh and Tamil Nadu in November and December 2015; India has seen many devastating natural calamities. What did we do to ensure that these calamities don’t ravage our lives? True, some losses are irreversible. The emotional blow they cause is immense. Chennai floods is an example of this fact. Floods have ripped apart the lives of the people of Chennai. Beyond losing their belongings and homes they have lost their loved ones. Their life is shattered. Coming back to normal life is going to be a herculean task. Their courage and tenacity is at test.
The Times of India reported that The United Nation had rung a warning bell through its Global Assessment Report (GAR) on disaster risk, which pegged our country’s Average Annual Economic Loss due to disasters at $9.8 billion. Loss due to floods can be accounted to $7 billion in India. The GAR was published in March 2015 and is an assessment of the last 10 years.
Your most prized possessions include your home, your first car or bike, ensuring that you and your family get the best healthcare services. We Indians feel disaster won’t strike us, it will always knock our neighbour’s door. A single disaster can destroy each of these valuable possessions. Here is how insurance can secure them.
“Home is a name, a word, it is a strong one; stronger than magician ever spoke, or spirit ever answered to, in the strongest conjuration.”- Charles Dickens
Charles Dickens has aptly depicted the emotional attachment we have with our home. Just in case your home is razed and now your home is just a debris due to the earthquake. You have lost all your belongings and left homeless. Your home is in shambles in front of your eyes. You spend a considerable amount of time searching for your dream home and investing your life’s savings into it. A disaster strikes; your home is destroyed and you lose all your belongings.
What have you done to secure it in case of a calamity? Lot of us think, ‘Why should I invest in home insurance which is costly and whose returns cannot be readily seen?’ But a careful insight will reveal that home insurance is quite economical. If you compare the loss from earthquakes, floods, storms, fire, burglary, lightening, etc it is higher than the premium that you would pay to secure your belongings.
"Health is not valued till sickness comes." – Thomas Fuller
Your body is the vehicle on which you can conquer many battles. If you are healthy there is a lot that you can achieve. Calamities like earthquake, flood, storm or hurricane are often followed by infections and diseases. After a disaster we are prone to various types of infections and diseases like cholera, diarrhea, dengue, influenza, malaria, etc. We do take necessary care, but we are still susceptible to diseases where hospitalization may be necessary. In such times health insurance comes handy when you have to get admitted and your family runs around to get you cured.
“Your dream machine is your best travel companion.” - Anonymous
Often you travel to work and go for long drives or holidays with your family. These fond memories keep you emotionally attached to your vehicle. Now you see your vehicle totally submerged in water or the earthquake has crushed it completely. Vehicle insurance can compensate for the financial loss and can restore your financial position in case of natural calamity.
Instead of pondering about the loses and damages from calamities that ravage our lives it’s best that we secure against them by investing in insurance. Take the first steps towards securing your prized possessions. Visit our website to invest in insurance now.