tips before buying Home Insurance

Before deciding to take out home insurance policy, should you as a customer understand the premium calculation premiums plus interest. The insurance premium is the amount of money that must be paid by the customer to obtain the protection of the insured object. Formulation premium calculation is basically the same for all insurance products, ie the sum insured multiplied by the premium rate in a year (in permill). All insurance companies impose the same calculation, but for qualifying insured and premium rates, each company sets different policies. What is meant by the price of coverage is the price of the building, including the contents of the building, or the price up. Price got up in this case is the total cost incurred by you in building the house. In the process of a client application must include a RAB (Budget Plan Building) if the insurance company sets the price of coverage based on the price up. While the definition of building value is selling the house. In the process of filing insurance you should be honest in providing information on actual prices, even though the insurance companies themselves have a survey team to determine the price of the building to be insured. In determining the premium, each insurance company must be subject to the rules set by the Insurance Council of Indonesia. Normal premium rates was 0.58 permill. The value of that applies to normal conditions. For outside of normal circumstances, the premium rates are usually determined by considering two components. First, the type of insurance and occupational opportunities for risk. Second, the risk of default or extension risk. Examples of occupational risk is the risk of fire. The house is located near the center of the industry, the value of the premium rate will be higher than the house in a residential area. In addition, if your home is on the cliff, the value of his tribe will also be different. The difference in value of the interest due to differences in the level of the risk. In addition to the location, occupational risk also depends on the materials used in your home. Now, after knowing what is guaranteed in home insurance, you can begin to consider whether or not to insure your home.