MagicBricks.com introduces Home Insurance Services

By siliconindia   |   Wednesday, 11 February 2009, 23:15 IST   |    1 Comments
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Bangalore: Property site MagicBricks.com has launched Home Insurance Service in India in association with Optima Insurance Brokers, a specialized insurance brokering company that was amongst the first private players to come into being when the private participation was authorized in 2000. Naveen Luthra, VP, MagicBricks.com said, "Homeowners have always faced natural hazards and, increasingly, man-made risks. While unpredictable weather lead to natural calamities like floods, landslides, and earthquakes, on the other hand, there are increased incidences of burglary, thefts and terrorist attacks. Such situations have homeowners seeking out ways to provide financial protection to their home. And the MagicBricks.com Home Insurance Service will address this issue." The policy has been specially designed for Magicbricks.com by Optima Insurance Brokers in association with Oriental Insurance Company. "This insurance cover uses the power of internet to deliver an extremely low cost product. This policy is the cheapest option in the market today without compromising on the product quality", said Rahul Aggarwal, CEO, Optima Insurance Brokers. The policy provides a range from a bare minimum coverage for the home building to covers for all furnishings, domestic appliances, electronic products and jewelry against fire, floods, storms, earthquakes, terrorism and burglary, stated a press release. The complete process of registering, getting a quote, applying and paying for policy is online. The payment is also made here via secure credit card payment gateway.