Press Releases

MagicBricks.com introduces Home Insurance Services

Wed, 11 Feb 2009

"For the first time in India, MagicBricks.com introduces Home Insurance Services"

MagicBricks.com India's No.1 property site has once again proved it's supremacy in the online real estate space by introducing the MagicBricks.com Home Insurance Service. This is the first time an Indian real estate portal has ever taken a step in insuring its users' properties.

The MagicBricks.com Home Insurance Service has been launched in association with Optima Insurance Brokers, a specialised insurance brokering company that was amongst the first private players to come into being when the private participation was authorised in 2000.

Speaking about the MagicBricks.com Home Insurance Solution, Mr 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 conditions have homeowners seeking out ways to provide financial protection to their biggest investment- their home.

We have researched that homeowners have not really been able to find a comprehensive and unambiguous solution - it is this need that the MagicBricks.com Home Insurance Service will fulfill." Mr. Luthra added.

"The internet has drastically changed the way we think, behave and increasingly buy. 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 Mr. Rahul Aggarwal, CEO, Optima Insurance Brokers.

The policy has been specially designed for Magicbricks.com by Optima Insurance Brokers in association with Oriental Insurance Company Ltd.

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.

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.

In the final step a person after making the payment one can download Certificate of Insurance.  With No paper work or other tensions -MagicBricks.com Home Insurance is the easiest way of insuring ones home and ensuring your financial security.