When last week India’s leading insurance broking firm, InsuranceMall, made a deal with DMart; it popularizing a new trend in the insurance sector, Property Insurance.

Property insurance, coverage well-known term in other countries and cover property and compensates for loss associated with fire, theft, vandalism or natural calamities, is still a newbie in India.

Let’s take a deep look to the contents within the property are also covered byproperty insurance. Property insurance includes many forms of insurance, including:

• Fire & Flood Insurance
• Earthquake Insurance
• Boiler Insurance
• Home Insurance

Why You Should You Need Property Insurance?

Property insurance adds safeguards the financial future if certain damages occur to your property. Even if a third party files a negligence suit for damages suffered on your property, property insurance can clear your blues. Property insurance will reimburse you for damages due to fire, theft and unforeseen calamities.

How to Acquire Property Insurance?

There are two ways you can acquire property insurance: Open Perils and Named Perils.

Open Perils: In this type of insurance the insurance company compensates for damage to property due to flood, earthquake, war or terrorism, as well as nuclear incidents.

Named Perils: When damage-causing events, specifically listed in the policy documents, cause loss from fire and burglary; the insurer covers the loss.

Now, if you want to understand the nuances of different types of policies and its price, feel free to seek the help of InsuranceMall to select the right products based on your need.

InsuranceMall is the leading and first online insurance broker in India. With the motto to make our customer delighted and proud about their decisions, we’re always there to help them with best possible policy.

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Tags: car insurance, d mart, insupedia.com, insurance aggregators, insurancemall.in, Motor Insurance, niraj jain, Online Insurance, online policy, property insurance, tax saving

This entry was posted on Wednesday, February 3rd, 2010 at 5:20 am and is filed under India InsuranceMall, Uncategorized, indian insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.