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Amanda Said:

I want to take home loan also been ad viced to take Home loan insurance. Which company i should go for ?

We Answered:

Try looking at this site: http://www.localinsuresearch.com/myhomei…

Home insurance is becoming more important especially as natural disasters such as flooding, hurricanes and fires increase. As a homeowner, getting the dream homeowners insurance is not impossible with this site.

Lauren Said:

Home loan insurance for a house which is 15 years old?

We Answered:

Yes it is possible.

Contact General Insurance offices.

Pedro Said:

Which is best insurance scheme "Home loan insurance or Life Term Insurance to protech Home loan?

We Answered:

your asking whats the best policy to get, since that your home is under home mortgage or acquired through loan, precisely you have still a balance payable in the form of monthly amortization. I would suggest you get a mortgage redemption insurance (mri) to protect your heirs from the burden of assuming your loan balance should something happen to you.

it is also quite practical to get a life insurance whether permanent or term for your family's protection that will also include of course health benefits.

mortgage redemption insurance is not that so expensive compare to life term insurance, however, life term insurance is much cheaper compare to permanent life insurance and base on my profession as underwriter, the expensive type of insurance is the medical or health insurance ( HMO )

Heather Said:

Insurance cover for Home Loan - Suggestion need?

We Answered:

In fact there is nothing like insurance cover for home loan. The basic objective to cover home loan is to make a financial provision so that the liability arrising out of default due to death is compensated out of the sum assured on the life of the person on whose name loan has been taken.In your case desired sum assured will be 17 lacs.
If you are young say 30-35 years of age, you can get pure term insurance matching the term of the loan,premium for which will be arround 5500-6000 per annum.All insurers offer this type of plans.You should be young and a healthy person in order to get this large sum assured. Pl do consult a reputed advidor of any life insurance company.

Joyce Said:

what is the process of home loan insurance plan and the necessary documents for this plan?

We Answered:

Take term insurance, it is better then home loan insurance