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Property Insurance

Posted: May 9th, 2012, 4:27 pm
by sudhu_kumar
Hi ,

I am planning to do property insurance for my house .Please suggest some good vendors who deal with this kind of insurance and share your experience also please.

Many thanks,
Sudeendra

Re: Property Insurance

Posted: May 9th, 2012, 7:43 pm
by blrsiteseeker
Sudeendra,
when you get information, please pass on to me as well. I am interested in covering my house with some kind of insurance. I had contacted my bank (since someone told me the banks do it), but they said, they do it only if I took a loan from them. I did not get a chance to check with the bank I took the loan from. Will do that and pass on any info I get.

Re: Property Insurance

Posted: May 9th, 2012, 8:24 pm
by sudhu_kumar
Hi ,

I contacted Royal Sundaram insurance.I have spent 70lakhs currently and 15 lakhs work is still pending .I told the person to contact in 1st week Aug.This is online and for me i thought of doing it for 1 crore for 20 years .Premium comes around 65000 form 20 years.Also when we have to do these kind of insurances better to split among 2-3 vendors - Say in my case 35 lakhs with 3 vendors.In that case if anything happens at lease i get claim from 1 guy and with that i can argue with other guy what is your problem in settling the claim.Also we should check what is their claim % . It should be more then 90% if it is good insurance company.