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- I had taken a home loan 5 years back and Home insu...
17-10-2017 04:29 PM - edited 23-10-2017 04:52 PM
17-10-2017 04:29 PM - edited 23-10-2017 04:52 PM
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?
23-10-2017 04:51 PM
23-10-2017 04:51 PM
Yes! You need to renew once you are nearing the end of 5 years
10-11-2021 12:16 PM
10-11-2021 12:16 PM
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.