House is the major essential of man kind.  After food and clothing, this is the 3^rd basic amenities any one requires. A shelter is the place to live in and for civilized human being it is required either on rental or on own.  Owning a house is the life time dream for a common man.  Man owns a house out of his yearlong services and hard earned money. Now the avenues and scopes for earning becoming wide and wide and the additional earning by means of employment to the counter part of the family members, part time assignments coupled with easy financing modes of Banks the cycle time of owning a house is less and it is becoming easier.  With this the house becomes “ Sweet Home” which is the ultimate for all. As the house or home is not only for any self but also for his/her successors for generations, one is taking every precaution to build the same in a most suited style of his life. Due to increase in population the side effects is  poverty and the resultant of this is the robbery or theft or perils to the house and also the valuables housed in the home. To safe guard this home insurance comes as a boom to the society. Ofcourse, the banking institutions prior to the sanctioning of loan amount they made it mandatory to make insurance coverage for the Home and the Life of the owner and also the co- applicant. The tailor made programmes are envisaged by the forerunners of Home Insurance at Gainesville. There are lot of Ins and Outs and also the portions covered under the policy and the left outs.  These are to be essentially read out before signing the agreement as to the need based. For this one has to necessarily go thro the brochures or the web info available. The incentive part towards deduction in IT is also quite considerable other than the structured rate of interest on Fixed or Flat basis and Variable basis.