For house owners, damage to property remains the biggest concern during the rainy season. These instances are witnessed every year during floods in different parts of India. Yet, a very small percentage of houses in India are properly insured, leaving a majority of them vulnerable.
“Insuring your house isn’t a luxury anymore. But stats reveal that less than 1% of Indian houses are insured, leaving the rest 99% vulnerable to damages from monsoon, fire, etc.,” says Pranjal Kamra, CEO of Finology Ventures, a financial service provider.
