For most people, purchase of a house is the biggest financial outgo. House owners take pride in showcasing their homes and all the things that go into making it liveable. Yet, chances of insuring the house against perils are next to nil. These days, incidents of floods and earthquakes are common; and both these natural calamities impact our homes. Imagine your favourite sofa or rug floating in your flat because of excessive rains or your TV getting spoilt because of a short circuit.