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Can a person who has booked a under-construction flat take insurance policy/ cover
Hi Mahesh, thank you for sharing your question. For an under construction flat being built by a builder, you cannot take home insurance. You can buy a home insurance only after possession. However, in most cases, builder does take insurance for a building under construction.
If you are building a house yourself, you can take a property under construction insurance.
Hope this answers your question. Please feel free to write to us in case you need any further clarification.
