What are the Apartment Insurance Rates in Hyderabad?

Insurance is a subject that is misunderstood by most people. Most of us do not understand that insurance is bought to cover the risk of loss. We tend to buy life insurance as an investment and forget that the product is meant to cover our risks and not provide us returns.

Among all this, we tend to forget that covering the risk of loss with respect to apartments through any man-made or natural calamity is also important. Calculating apartment insurance rates is a tricky subject. A lot of parameters are considered while calculating apartment insurance rates. Some of them are as follows –

• Total carpet area and cost of construction.
• The age of the property.The cost of household items.

Apartment insurance rates could vary based on the above parameters. For example, the apartment insurance rates in Hyderabad for a 1,500 square feet apartment which is less than 5 years old and costs INR 50 lakhs with INR 5 lakhs worth of furniture, the apartment insurance rate could vary from INR 124 per month to INR 500 per month.

Aparna constructions ensures that the quality of their apartments is solid and utmost precautions are taken for the safety of these homes. Some of the features in the completed and under construction projects by Aparna Constructions are as follows –

• All communities are equipped with round-the-clock security systems with cameras at the main security and entrance of all blocks.
• The compound on all four sides is protected with power fencing.
• Fire hydrants and fire sprinkler systems are installed on all floors.
• Fire alarms are installed everywhere.The buildings are built to be earth-quake resistent so the structures can withstand wind and seismic loads.

While properties by Aparna Constructions come with all of the above features, it is still beneficial for a homeowner to go for home insurance. While assessing the apartment insurance rates, homeowners must read the fine print of the insurance product, look at multiple insurance companies, ensure that the insurance company has a good standing in the market, the apartment insurance rates offered are competitive and that the insurance company processes function smoothly.

If you are in the market looking for a new home, you should check out all the projects under construction by Aparna Constructions. Check out premium projects with state-of-the-art facilities under construction in Bangalore and Hyderabad.