Insurance for flats

#1 Feb 18th, 2018, 13:02
Join Date:
Mar 2014
Location:
Silchar, Cachar,Assam,India.
Posts:
104
  • skdc14 is offline
#1
Dear Friends..
I have stuck with an insurance problem regarding my flat which I am not yet in possession and no one in my friend circle, relatives could give me advice and know about it.
I have booked a flat through bank loan. The flat is in the final stage of its construction and will be delivered within 3 months. Now my bank is telling me to submit the insurance paper. I could not convince my bank that I did not get possession of my flat and thus I have not done my insurance yet.
Actually I dont know the rules and trend in other cities.

Can any one help me out in this matter. What is the procedure when one buys a flat ? What shall I do ? Shall I do the insurance ?

Note : My bank is UCO Bank.

Thanks .
#2 Feb 18th, 2018, 13:52
Learning... from others' experiences!
Join Date:
Sep 2011
Location:
India
Posts:
13,151
  • Prakaant is offline
#2
A bank sanctions loan and get the property insured through an agent (known to them) in your case, it seems, it has not happened. You should contact an insurance agent and get it insured. Developer may also help you in getting it done. You will have to show agreement between developer and you.

Similar Threads

Title, Username, & Date Last Post Replies Views Forum
Flats for rent Jul 25th, 2014 12:52 3 1655 Chennai (Madras)
New Flats in Mumbai Mar 13th, 2011 14:14 2 1149 Mumbai (Bombay)
Expat Health Insurance and US continuation of Insurance Jan 31st, 2009 12:58 1 2622 You Are Not Alone
Insurance hell : One way insurance ex Aus Sep 7th, 2008 09:33 8 2699 Health and Well Being in India


Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forum Rules»
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Thread Tools
Display Modes

Search Engine Optimization by vBSEO 3.3.2
© IndiaMike.com 2018
Page Load Success