These days buying a house has become quiet a costly affair as the realty rates are soaring very high. For many people buying an apartment means taking bank loans and exhausting their life-long savings. When this huge investment gets a proper insurance cover, the house becomes imminent for the damage due to fire, earthquake, floods or burglary etc.
Even though the home can be insured by spending as little as Rs 700 to Rs 1000 annually, yet many people are ignorant of the benefits of insurance. The practice is more famous in the western
countries where the home owner is very particular about getting their home insured.
These days even the banks emphasize on home insurance in order to ensure an uninterrupted repayment. The public and private insurance companies such as the ICICI Lombard, New India Assurance, Oriental Insurance etc provide home insurance policies to the end user at affordable rates.
So make sure that you ensure your house after buying it.
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