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Home Insurance Providers


Home insurance providers have gained popularity and prominence owing to the fact that they are indispensable. If you consider them as saviors of your biggest asset in life- your home, you will probably realize how important they are. They are ones who save your shelter.
But an important aspect is that they are operating in the insurance industry to do business. Although the home insurance providers will do all they can to retain their clientele and hence their business but do remember that they are not non-profit in nature.
Names of home insurance providers in India
There are innumerable home insurance providers in the country. Although they offer different home insurance packages but the basic purpose of home insurance is usually taken care of by all of them. Some of the well known home insurance providers are as follows –
  • ICICI Home Insurance
  • Bajaj Allianz
  • TATA AIG General Insurance Company Limited
  • IFFCO-TOKIO General Insurance Home Suvidha
  • Oriental Insurance Co Limited
  • New India Assurance Co. Limited etc
Home insurance coverage versus home insurance premium
Home insurance providers offer different types of coverage and the home insurance rates differ depending on the coverage you opt for. It is often seen that people opt for inadequate coverage since they have to pay lower premium.
But the truth is, in the event of an emergency, an inadequate coverage doesn’t work. Not only that, you may have to shell out extra cash for loss or damage that was not included in your policy. So, the best is to opt for optimum coverage at a feasible cost.
It is quite likely that you will not find both – lower premium and adequate coverage. This is because there are thousands of people like you who opt for home insurance and the home insurance providers need to make some profit too.
Best of both worlds
What you can do is search around for home insurance providers who are willing to give you a little more by earning a little less. There are various factors that determine how home insurance providers will fix your home insurance rate. Check out some of the factors that will impact your home insurance rates –
  • Age
  • Locality of your dwelling place
  • Value of building
  • Value of contents in the building
  • Liability coverage
  • Size of your family etc
Home insurance providers are perhaps the ones you ought to turn to if you want to secure your home, your valuables. What is more important is to have peace of mind.