Owning a property is like a dream for many Indians. However, to translate that into reality requires hard work, diligence, and financial commitment. As a first-time home buyer, you need to be extra careful and have an in-depth understanding of the processes involved. In all the excitement of buying a house, you must not overlook one of the most important aspects of homeownership--home insurance. A home insurance policy ensures that you stay financially stable in the case of damage to your property or valuable possessions inside. It is, therefore, always advisable to get your home insured.