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It is not mandatory to buy property insurance when you are availing a home loan, but since home is one of the most significant assets for many it is advisable to go for it. Currently, property insurance is quite affordable and it helps you eliminate risk of loss of property or damage to the property based on the type of insurance you opt for.
Published on May 5, 2010 · Filed under: Home Loan FAQs; Tagged as: home loan guide, Home loan property
Is it necessary to get Home or property insurance while availing a Home loan
May 5th, 2010 by rupeetalk.com
One Response to “Is it necessary to get Home or property insurance while availing a Home loan”
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ravi said on March 3rd, 2011 at 4:58 am
Axis bank is insisting that property insurance is a must.It is in their sanction letter which i got few days back.
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