This story is from February 12, 2009

Now, get home insurance on MagicBricks

For the first time in India, a property website has introduced home insurance online, offering a wide range of services to consumers.
Now, get home insurance on MagicBricks
NEW DELHI: The internet has empowered and paced up our lives almost on every front. Realizing this, for the first time in India, MagicBricks.com, a property site has introduced MagicBricks.com Home Insurance Service on Tuesday, offering wide range of home insurance services to its readers.
The specialized home insurance services have been launched in association with Optima Insurance Brokers, an insurance brokering company.
Introducing MagicBricks.com Home Insurance Solution MagicBricks.com's VP Naveen Luthra said, "Homeowners have always faced natural hazards and, increasingly, man-made risks. While unpredictable weather lead to natural calamities, there are increased incidences of burglary, thefts and terrorist attacks. Such conditions has highlighted the need of financial protection their home. This is the need that the MagicBricks.com Home Insurance Service will fulfill"
Commenting to this new trend in the online services, CEO, Optima Insurance Brokers Rahul Aggarwal said, "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."
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.
Elaborating the process involved, Luthra said, "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, keeping the financial security intact.
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