Categories
Entertainment

Must have accessories while Going on a Trek to Snowy Mountains

There’s one amazing way to escape from the monotony of life. A vacation, of course. With travel loan or personal loans easy to avail, it’s not much of a challenge to fund your vacation. And if you’re looking for ideas, a trek to the snowy mountainside may be something to consider.

If you like this idea, keep in mind that it’s necessary to take certain essential accessories along with you. Here’s a brief list of things that you must have on you before starting your trek.

1. Thermal wear

Thermal wear is typically worn as a base layer underneath your clothing. It is a tight-fitting piece of clothing that clings to the body and helps keep your body warm and insulated from the cold. Since it is the base layer, you are also required to wear a set of regular winter clothes on top of the thermal wear.

2. Waterproof jacket, pants, and gloves

Regular winter clothing is generally not waterproof. And so, it is essential to wear a waterproof and insulated jacket and pants as the outermost layer. This will help prevent the seepage of water into your clothing and keep you warm and dry. Also, a strong pair of insulated and waterproof gloves are also mandatory to prevent frostbite.

3. Insulated hiking boots

A good grippy pair of hiking boots that’s insulated and also waterproof is another very important accessory that you should carry. Considering the fact that you would be trekking up slippery and icy mountains, it is essential to take a pair of studded boots that offer good grip on both land and snow.

4. Portable water purifier

In addition to carrying water bottles, you should also take a portable water purifier along with you when going on a trek. They’re handy, very cost effective, and allow you to drink water from rivers and streams without the fear of contracting infections and diseases.

5. A head lamp

Navigating the mountains in the dark is near impossible without a source of light. And so, carry a strong but light head lamp along with you. Since it is mounted on your head, you can keep your hands free at all times.

6. Sunscreen lotion

The rays of the sun tend to be much more damaging when you’re at high altitudes. And so, a sunscreen lotion with a high enough SPF rating is crucial to protect your skin from the effect of harmful UV rays.

7. A multi-purpose swiss knife

A swiss knife is a handy pocket-sized tool that can help you in more ways than one. Featuring multiple tools, it can be used to cut fruits, wires, ropes, wood, and even open cans.

Conclusion

If you feel that these must-have accessories might cause a dent in your pocket, you could always avail a personal loan to fund these purchases. That said, as always, ensure that you check the personal loan interest rates and the personal loan eligibility criteria before applying for one.

Categories
Home

Difference between Home Insurance vs. Home Loan Insurance

We all love insurances. After all, they offer assurance of safety against the unpredictable events of life. However, sometimes, insurance policies can sound the same, be completely different, and cause much confusion. Two such policies are home insurance and home loan insurance. Let’s find out the differences.

Understanding each of the two terms

Just like its name suggests, a home insurance protects your home and your other belongings that are stored within its four walls. Say, for instance, you suffer damage to your property and end up losing appliances and furniture due to an unfortunate event; you can claim your home insurance money to cover losses incurred in the process. Now, the extent of the coverage will depend upon your policy. On average, most home insurance policies cover damage suffered due to hail, fire, thunderstorm, and theft. Besides losses incurred, costs associated with maintenance and repairs such as that of wall fixtures, garages, etc. are also covered.

Another name for a Home Loan Protection Plan (HLPP), a home loan insurance, again as its name suggests, offers protection on the housing loan availed for the purpose of home purchase. Under such a policy, the insurance provider promises to settle any outstanding loan amount in case the borrower is unable to repay it or dies suddenly. This policy assures the housing loan borrower that his family will not be evicted due to failure to repay the loan.

Spotting the differences

Yes, both are insurances; yes, both sound similar, but one will not serve the purpose of the other! Given their difference of nature, a home insurance will offer you no respite if you start defaulting on the EMI payments of your housing loan. Similarly, a housing loan insurance will not come to your rescue if your home suffers theft damage or gets burned down. Therefore, you need to choose a policy wisely.

Which of the two is better?

Now, despite both being a highly useful policy, which one is better for you will depend upon whether you’re currently repaying a home loan or not. If yes, then taking a housing loan insurance is extremely crucial, especially if your income is unstable. This not only makes the lending less risky for the lender, but it also assures you of proper coverage should you be unable to repay the full amount in the future.

However, even while you’re repaying your housing loan, taking a home insurance can also be beneficial as it is a useful policy that protects your home from unforeseen events. And since such events happen without prior notice, you never really know when you may stand in need of funds. Who wants to lose the precious property they worked so hard to possess!

Are you among those just starting out with a housing loan? Then, be sure to choose a lender wisely – compare home loan interest rates, check your eligibility, gather all proper documentation, and only then apply online.

Also, don’t forget to check your affordability by using a simple online tool such as the home loan EMI calculator. Getting a housing loan insurance is good, but planning ahead and ensuring a smooth repayment experience is better!