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| Step 9: Property and credit insurance |
To safeguard yourself from loss to the property by fire and other hazards, it is advisable to take a Property Insurance. This would help you recover your losses to the property in the event of an untoward incident. A copy of the insurance policy has to be submitted to Home First. All General Insurance companies offer property insurance.
Credit insurance enables the loan to be repaid by the insurance company in the case of any unfortunate occurrence to the borrower.
Ask your loan counselor for more details on insurance products. |
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