House prices in Delhi saw 15.7 percent year-over-year increase in the second quarter (Q2) of 2013, according to Global Property Guide website. Likewise, house prices in Mumbai, Jaipur, and Kochi saw respectively 12.2 percent, 41percent, and 17.8 percent year-over-year increase during the same period.
With the price of houses increasing, there is a big chance that buying a house would eat up a major portion of your savings. You may even need to take out a home loan for the same. As buying a house is your biggest investment, you should not take a chance on its protection or security. This is where a house insurance policy has a major role to play. It is important for you to choose and buy the right policy considering your requirements and the features of the plan.
Buying House Insurance: Some Key Considerations
With so many different types of house insurance plans available, it can be a daunting task to choose the right cover for your home. Depending on your needs, you have several options to choose from, such as, cover for building structure, cover for contents in the home, and cover for you and your family. Here are some useful tips for you to choose the right policy at the right price.