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Insurance for Home Loans Please Help!!

I have taken home loan for 11 lakhs from HDFC and I am in the process of getting the loan amount from them!! I have read that the house for which I am taking loan should be insured!! I just want to know what would be the best insurance plan and should I take insurance for just the loan amount (if there is any plan like that) or should I take insurance for the entire house. Please help me out in this matter.

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