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Top 4 facts about home insurance in India (An Infographic)

Did you know that only 3% of Indian homes are insured and protected, compared to over 90% in certain European countries, and the USA?

Did you know that home insurance penetration is just a meagre 1% in India? Learn about more such interesting facts about home insurance in India through our infographic.

We hope you get inspired enough to invest in your home’s security, thereby investing in your own. An insured home is a happy home! Let’s go! 

 

Top 4 Facts about Home Insurance in India infographic
Top 4 Facts about Home Insurance in India (Infographic)

Feel free to download this infographic and share it across your social media and websites.

Are you looking for a new insurance policy or a policy renewal? Reach out to us and let us assist you.

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Frequently asked questions about home insurance in India

  • What are some of the most important factors that decide home insurance premium rates?

    The most important factors that decide the premium rates of home insurance are:

    • Location of the home
    • Size of the home
    • Risk profile
    • Credit history of the policyholder
  • Are personal belongings also covered under home insurance?

    Yes, personal belongings are generally covered under home insurance. That being said, some policies do not provided coverage to personal belongings. Generally, the policyholder will have to opt for an additional rider that provides coverage to personal belongings of the policyholder.

  • What if I sell my home to another person? What happens to the home insurance?

    The home insurance contract will get terminated the moment you sell your premises to another person.

  • What are some of the notable exclusions of home insurance?

    Notable exclusions include:

    • Intentional damage to the house
    • Damages caused due to reckless behavior
    • Nuclear blast / fallout
    • War
    • Rioting