WHAT IS HOME INSURANCE PREMIUM CALCULATOR?
So the home is bought, the furniture is set and you have somehow managed to get the perfect wallpaper too! It sounds like a dream and congratulations are surely in order. Along with the congratulations, however, we would like to give you a little advice too.
You’ve purchased one of your biggest assets – your dream home and it needs a financial cushion against mishaps. Home Insurance can be that cushion. Although the idea of having insurance can be a pleasant one, calculating the premium can be a daunting task! If these calculations are keeping you away from getting Home Insurance, sit back and relax! The Home Insurance Premium Calculator by Bajaj Allianz is at your service.
As the name suggests, a Home Insurance Premium Calculator is an online tool that allows you to instantly calculate the applicable premiums on your Home Insurance. Simple, quick and efficient; our Home Insurance India Premium Calculator gives you the estimates under 10 seconds!
ADVANTAGES OF OUR HOME INSURANCE CALCULATOR
We believe when it comes to calculating premiums for something as important as Home Insurance, the calculator must be simple and efficient. A simple design coupled with an intuitive interface, our Home Insurance Calculator:
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Is Easy to Use
Since simplicity is the ultimate sophistication, our Home Insurance Calculator is simple quick. Finding out your premium is as easy as visiting our page, opening the calculator and filling in your details. You will be able to find out the premium amount within minutes!
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Calculates Premiums for Rented and Owned Property
Whether it is rented or owned, your home is always special. That is why the same calculator can be used for evaluating the premium for both rented and owned properties.
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Figures out Premiums for Insuring Building, its Content or Both
Our Home Insurance Premium Calculator gives you a holistic view of the applicable premium on your property. You can choose to calculate the premium amount to be paid when insuring a building, or its contents or both.
WHAT DICTATES MY HOME INSURANCE PREMIUM?
A host of factors dictate the final cost of your Home Insurance premium. Whether you are a new homeowner or getting premium for your ancestral house; whether you live on the hills or on the coast; whether you are an art collector or a gadget freak; all of these things come into consideration when calculating your premium.
● Location
Homes built on prime locations have a higher insurance premium. A prime location can be defined by its proximity to schools, hospitals, etc., its connectivity and rate of the land amongst other things. Another factor which can determine the rate of the insurance premium is the risk of natural calamities. The more the risk, the higher is the premium.
● Age and Construction Materials
Just like an older body is more vulnerable to ailments, an older home becomes more susceptible to damage, shooting up the premium amount. Apart from age, the materials used in building the house also affect the amount of the premium.
● Contents of Your Home
Not only the home but the contents of the home also factor in when determining the price of your premium. If your home is decked with expensive paintings and sculptures or you have gold and diamond jewellery lying in your locker, it can raise the value of your Home Insurance premium.
DETAILS REQUIRED FOR CALCULATING HOME INSURANCE PREMIUM
Bajaj Allianz’s Home Insurance Premium Calculator is designed to make the calculation process easy and smooth and therefore, does not require many details. You do not have to waste time rummaging through heaps of documents and filling in endless details.
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Calculating Premiums for Rented Properties
When calculating premiums for rented properties which require protection only for the contents, all you need to do is put in the total value of your belongings and jewellery. The calculator will give you the results within seconds.
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Calculating Premiums for Owned Properties
The premium for owned properties is calculated in a slightly different manner. With owned properties, both the structure and its contents are brought into consideration. You need to fill in:
1. Building’s age
2. The variant chosen for structural cover – Agreed Value, Reinstatement Value, Indemnity Basis
3. Value of jewellery or house contents
Apart from these details, you need to provide your personal information like name, mobile number, and email id when calculating.
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Figures out Premiums for Insuring Building, its Content or Both
Our Home Insurance Premium Calculator gives you a holistic view of the applicable premium on your property. You can choose to calculate the premium amount to be paid when insuring a building, or its contents or both.
Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Excecutive will call you back shortly to assist you through the Process.
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Disclaimer
I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
Disclaimer
I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
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