Home Insurance and Home Loan Insurance: Know the differences
Insurance policies allow you to secure your future liabilities to ensure a safe passage through unfortunate or unforeseen events of life. Individuals are advised to have insurance policies covering valuable items and aspects of life such as medical insurance, life insurance, car insurance, and home insurance among others. Buying a home is a huge investment and one of the biggest decisions for many individuals. Most people opt for a home loan rather than paying the whole amount upfront as it puts them in a comfortable situation financially and helps plan the future. While most people invest in a home insurance, home loan insurance is often neglected. The two are very different insurances and each has its own importance. Whether you purchase a 2 bhk flat in Goregaon East or a villa in Kolbad road, getting insurance should be your priority. We have listed the differences between the two and explained why investing in both of these is a wise step for a secure future. What i...