I got insurance during the loan process, the premium is higher around Rs. 50,000 for the property value of Rs. 25 lakhs for the tenure of 10 years. Its covers everything like natural calamity, strike, riots etc. I have read the policy documents completely, but at the time of issuing insurance they told it will cover for 20 years but gave of 10 years, again I should visit to the office with the documents.
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