I have a question..
Most of the insurance product I see is the banks securing their EMI's for a housing loan, but what about the Insurance for the property itself.. Are their any good products?
Why don't banks insist on insuring their assets? Whats the point in securing your future cash flows if the asset is destroyed as I am unsure the borrower will be so concerned about repaying the bank if the asset does not exist..

Just a thought..
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  • sharpj, move to India and your worry for insurance will die. It is all safe back here.
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  • There must be policies being offered by HDFC for sure. Also Bajaj Allianz is supposed to be no. 1 in non-life insurance. You can try them. The reason according to me could be...
    1. property valuations - difference between market value and ready reckoner values
    2. People insure for burglary etc so directly the property is not insured
    3. Rare case of property destruction especially in cities.
    4. Insurance product price may be very minimal therefore not lucrative to the insurer or the agents.
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  • Here is a nice article Ravi and I am in India... :)

    http://wealth.moneycontrol.com/columns/home-and-auto/insure-your-dream-home-heres-how-to-get-started-/15242/0

    Originally Posted by jadhav_ravi
    sharpj, move to India and your worry for insurance will die. It is all safe back here.
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  • NRI complex in Mumbai..!!!!!

    NRI word used not for foreign Quality but for Foreign prices!!!!!! 1.5 -5 Cr. so called premium flats in pathetic condition in just 1 year.

    Will Insurance cover this?????

    http://mumbaimirror.com/article/2/20...in-a-year.html

    VK
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  • :bab (59): This is no insurance against lousy builder unfortunately ..
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