Im from Mumbai and in the Realty bussn..
In the deluge of 26th July 2005, my bungalow was under 8 ft of water and we had 2 feet water in our office... as both are on the ground floor...
And it was heartening to see the PSU insurance co. settle my claims promptly. I got the claim money in 4 weeks.
2 of my cleints who stayed in ground floor apartments got their claims for loss of household goods. They were really glad that they had the home insurance
After the July deluge, insurance co. saw a surge in cleintele who wanted to insure their homes. As of today, India is one of countries with lowest penetration ratio of home insurance and life insurance too
If only awareness is increased, more people would come forward to take home insurance
Ram
