The home insurance market in India has seen a 40% growth in the number of policies sold in recent years. An increased awareness among homeowners and a clear campaign for these different types of insurance policies in India is largely responsible for its rising popularity. It is a crucial backup against any natural disaster or man made calamities like theft or burglary.

A well-researched home insurance can prove to be an essential move to protect your property. An insurer will reimburse a certain amount in case your possession gets damaged. Home insurance should also be availed by people who live in apartments or a rented house.
Policies may vary among different insurers. A typical house insurance policy comes with multiple sections explaining different risks that it covers under the policy. Leading insurance companies also offer a wide array of add-on features and benefits such as extra coverage, additional discounts and customizable options. You can choose this as best investment plan for 3 years, 5 years or even more.
The person insured can also earn lucrative discounts if he or she insures the property for a longer period. Thanks to the benefits and the peace of mind such policies offer, home insurance is quickly becoming one of the most sought-after coverage programs among the different types of insurance policies in India.