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Contributor
Hardik Parikh
Posts: 31
Registered: ‎12-07-2017

I had taken a home loan 5 years back and Home insurance linked to it was valid for 5 yrs only.

I had taken a home loan 5 years back and Home insurance linked to it was valid for 5 yrs only. How can I renew my home insurance?

2 REPLIES 2
Contributor
Yuvraj Nimje
Posts: 29
Registered: ‎23-08-2017

Re: I had taken a home loan 5 years back and Home insurance linked to it was valid for 5 yrs only.

Yes! You need to renew once you are nearing the end of 5 years

Contributor
W@L
Posts: 23
Registered: ‎30-08-2021

Re: I had taken a home loan 5 years back and Home insurance linked to it was valid for 5 yrs only.

Usually your policy is link to your loan amount where insurance cover of maxmium 5 years is provided to cover your loan liability in event of unforeseen occurance of insured. At the end of 5 years, you can choose to renew the existing policy and continue covering your liability.