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Home insurance of ancestral house

17 Oct, 2021 | by Kabir

I would like to insure my family’s ancestral house which is about 85 years old and of pukka construction. I contacted Policy Bazaar for quotations but they said that no insurance company will cover a house older than 60 years.

Is this true? Can anyone recommend any insurance company that insures such old properties?

1 Answer

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19 Oct, 2021

Rohit Dhingra connect with advisor

Dear Kabir,

Bharat Griha Raksha is a standard IRDA product that general insurers are offering. The product offers Coverage towards 14 events of loss. While there is no defination on age of house to be insured point must be noted that no insurer will not offer claim due to natural wear & tear. Depending current structural condition of the house a insurer will offer a cover. Instead of an online aggregator reach out to an agent.

Regards

Rohit Dhingra

3 Comments

20 Oct, 2021

Kabir

Thank you.

20 Sep, 2022

DoreenQuaile

Hello, Kabir. I'd highly recommend you find a specialist who could help you with this issue. You know, specialists study only to become specialists. That's why I think it would save much of your time, money, and nerve cells.

24 Sep, 2022

DoreenQuaile

Btw, I have a brother working at Homeowners Insurance in Arkansas, so I think he could help you with your issue. Actually, I hope you've already solved it successfully. Anyway, I'll be waiting for your reply here, Kabir. I hope you're doing well. I wish you all the best.

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Home insurance of ancestral house

1 Answer

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