New Delhi, July 19 -- The ongoing monsoon in India is a time when we should watch not just the skies and the downpour, but also carefully scrutinise the fine print of our home insurance policy. The mere assumption that one has such an insurance policy and any claims arising from such climatic events will automatically be covered is an avoidable fallacy.

There are many exclusions in your home insurance policy, and the policyholder must carefully review them to avoid being caught off guard at the worst possible moment.

"Like every other insurance segment, here policyholders assume that their home insurance policy automatically covers damage caused through monsoon, but the fine print often says otherwise," says Santosh Sahoo, Vice Presiden...