3 replies on this article “Houseowners Insurance Policy”

1. bharat shah says:

   November 18, 2012 at 11:38 am

   for insurance of your home, you should keep in mind that you should insurance for its building cost(depreciated value only, or you can maximum consider its depreciated value for the end of your insurance period) excluding value of land, which is never lost or damaged.for the company , i have no opinion . i got it from United india insurance company for some 10-15 yrs period only for flat building cost. for appliances, furniture etc. also, they would pay only for their depreciated value. for jewellery , it is too costly, and better to preserve in sate deposit vault, i think.

   Reply
2. sainath says:

   November 17, 2012 at 12:01 pm

   Hi

   Every isnurer is providing as part of homeloan nowadays. i.e premium will be given as loan.

   Please see the annual report. You can see the non-life claim settlement ratio.
   http://www.irda.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=AR&mid=11.1

   Please read the terms and conditions before taking the policy. Some policies will also waive off the premium even if there is loss of Job.

   Thanks
   VenkataRam

   Reply
   1. Samir says:

      November 18, 2012 at 9:51 am

      Hi Venkat,
      Thanks for your response.
      I think you are talking about home loan insurance.
      I want insurance for my home, the value of my home may be more then my loan amount…

      Also, home will also include valuable items (appliances, furniture etc.)

      Reply

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