Property Insurance
This is an insurance cover to secure the property purchased from major natural calamities like fire, lightening, riots, storms, earthquakes, etc. Calamities may cause destruction of property partially or completely. Insuring the house against such calamities reduces the risk for the property owner and assists in rebuilding the building/ structure. The Insurance cover has to be with the insurer, preferably, approved by the lender, or any other insurer for a value as required by the lender.
Loan Protector/ Credit Shield
This is an insurance coverage for the borrower, to the tune of the outstanding principal. This will avoid any burden on the family in case of any mis-happening to the borrower. The Insurance cover has to be with the insurer, preferably, approved by the lender, or any other insurer for a value as required by the lender.
At the customer’s option, the premium on the Life Insurance and Property Insurance policies may be paid by ART Housing Finance and thereafter be included in the loan amount and hence no upfront premium is paid by the customer.
Disclaimer: Insurance is a subject matter of solicitation.
For the convenience of customers, ART Housing Finance has tied up with various insurance companies to offer lucrative products and services for its borrowers as mentioned above.
ART Housing Finance does not render any insurance services and borrowers shall be solely responsible for the insurance products purchased through the insurance partners.
