A:
1 Answer
rank
1
|
Most lenders do not insist on a property insurance when disbursing a loan. However, it is strongly advised to buy an insurance as your home would be one of your most valuable assets. The home insurance rates are very affordable especially when bought for a long duration say 10 years. It would cost close to Rs. 50 per lakh of property value per year.
more
|
itrust.in
Related Videos
Add your answer...
Top Answerers
1.
2.
3.
Top Askers
1.
2.
3.
Top Supporters
1.
2.
3.
Is it necessary to get property insurance, while availing a home loan ?
Related Questions
- Please click here for information on eligibility criteria.
- Answer. Today, one of the major motivator for availing home loan to buy/build our house is the Income Tax ...
- A co-applicant can only enjoy tax benefits if he or she is also a co-owner of the house that is purchased ...
- • Application form • Photograph • Photo Identity Proof • Signature Verification and Residence address Proof • ...