Property insurance is provided by the Government owned General Insurance Corporation for a variety of purposes. Protection is offered from Burglary and Fire to both the premises as well as personal belongings. The cost of this insurance is payable by way of a monthly premium to the Insurance Company. This premium amount varies from 0.2%-4% of the value being insured on an annual basis. Insurance products are priced on the basis of the probability of loss and the amount at risk for the insurance company. It will often be cheaper to take an insurance cover under a Householder's Package that offers several insurance covers all under a single policy. For details of individual products available in the market, click on the links above.