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New home insurance plans are much better

Insurers cover the house on market value, and not on construction cost. They also don't insist on bills when giving the policy

home insurance

This year's monsoon showers will definitely remind Chennai residents of the ordeal they underwent during the floods last year. The rising frequency and unpredictability of natural disasters underlines the importance of buying home insurance cover. This is also a policy that can protect your home against the rising incidence of terrorism, burglary, etc. The penetration of home insurance stands at an abysmal 0.7 per cent in India, compared to 90 per cent in the US and the UK. Most people are unaware of how the valuation of houses and contents is done, how claims are calculated and paid ...