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Reasons Behind Property Insurance

there are mnany reasons for buying insurance for a property

Apnaloan.com Research Bureau

10 Aug 2007

Most Banks do not insist on property insurance, while some offer it as an incentive for a certain period. However, it is advisable to go in for an insurance cover on your property. Property insurance rates are low (Approximately Rs 60 per lakh of property value for a period of one year). If you decide to go in for a longer tenure for insurance, you can avail of significant discounts being offered by the various insurance companies.