You will be surprised to learn that according to the IRDA, only about 1% of Indian homes are actually insured! Clearly, there is a glaring lack of awareness regarding home insurance and the benefits associated with it. However, with several banks and financial institutions advocating property insurance along with loans, this trend is all set to change and things are bound to look up in the days to come. If you are planning to opt for home insurance from one of the prominent insurers in the Indian market, listed below are some essential facts that might prove to be of help.
Some Facts about Home Insurance you Must Know