Home insurance explained. How to choose the right policy1 min read . Updated: 01 Jun 2019, 08:20 AM IST
- General insurance firms provide home insurance covers in the market
- Home insurance is bought like any other insurance—you have to fill a proposal form
Life, health and motor might be the first few things you tick off on your insurance list but with the recent influx of natural calamities, it has become essential to insure your homes and its contents. Less than 1% of homes in India are insured, said Kapil Mehta, founder, Securenow.in. Mobikwik, a fintech firm, recently launched a product with ICICI Lombard General Insurance Company Ltd to secure the contents of your home during mishaps. The premium is priced at ₹25 per month and sum assured is ₹2 lakh. It protects your TV, fridge and furniture from fire accidents caused by short circuits and gas leakages.
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