Home Insurance Niche

House insurance in India is regarded as largely a safeguard of low significance.

Most of us do not go for House insurance. Why insure home, we ask. Only an insurance agent would tell you why you should go for insurance for your house. It may catch fire. We live in an earthquake prone zone and it is highest on the Richter scale. Your house may be exposed to burglary and there could be several reasons for you to go for insurance.

But then you give it a thought for a moment. You realize you have not heard even remotest of your family or friends having ever been affected by such accidents.

If Gujarat quake had happened close by you would have immediately gone for House insurance without the agent doing much selling. The region recorded one of the highest number of insurance policies sold in the history of insurance business after the quake.

But quake in Gujarat is a history now. Unless it repeats the spurt in the business is unlikely. Home insurance in India is regarded as largely a safeguard of low significance. Often such are policies are institutional in nature or are ones availed by large business houses or top executives. Then there are big housing societies which would opt for home insurance. House insurance companies in India too give home sector a small consideration. The major chunk of the insurance business is taken by vehicle, life followed by insurance-cum-investment instruments.

Article Source: http://EzineArticles.com/438464