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Insure your home against natural calamities

Flooding of eastern India this monsoon underscores the need to buy home insurance

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Insurance Scheme

Tarun Mathur 



In pics: Mumbai braces for typhoon-like weather, heaviest rain since 2005
Mumbai is submerged in waist-deep water. Photo: Business Standard

According to news reports, floods have affected more than 34 million people across 280 districts and caused more than a thousand deaths over the past year. Such devastation happens during the monsoon in parts of the country almost every year. These calamities not only take a toll on life and health but also cause mammoth financial loss. It is estimated that 800,000 homes were destroyed by floods this year. Given the scale and regularity of these events, purchasing a home cover has become imperative.

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First Published: Sat, September 09 2017. 23:44 IST

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