Home Insurance

The NCDRC has upheld ICICI Prudential Life Insurance’s rejection of a home loan insurance claim after finding that the deceased borrower had suppressed material medical information. The case highlights why borrowers must accurately disclose pre-existing illnesses and medical history.

There are many exclusions in your home insurance policy, and the policyholder must carefully review them to avoid being caught off guard at the worst possible moment.

Most apartment owners rely on RWA insurance—but it rarely covers interiors or full rebuild cost. Here’s why you need your own home policy.

Indian households hold 25,000-30,000 tonnes of gold, valued at nearly $5 trillion. With limited bank locker availability, experts recommend jewellery insurance to cover risks like theft and natural disasters, especially as gold prices rise.

With rising natural disasters, home insurance provides essential coverage for property losses. India saw significant displacements in 2024, highlighting the need for insurance against floods, cyclones, and other events.

The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy.

While landlords usually have insurance covering the structure, tenants must have their own insurance to protect their personal belongings, liabilities, and to guard against unforeseen events.

Home insurance claims can be rejected due to exclusion clauses, delay in reporting, failure to disclose information or giving false information, and insufficient evidence.