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  The  global home insurance market  is estimated to be valued at   $4,07,940.4 million by 2028 , surging from   $2,41,006.8 million in 2020   at a noteworthy   CAGR of 6.8% . Impact Analysis of COVID-19 on the Home Insurance Market The COVID-19 emergency has had a negative impact on the global home insurance market growth. During the pandemic, the restriction on construction activities led to decline in demand of home insurance services globally. The general economic activity is uncertain and could continue to negatively impact premium volumes of the insurance companies. The degree of the impact will depend on the duration of the pandemic and the related impact on the economy. Moreover, during the time of the pandemic, some of the global insurance companies have been adopting various strategies such as acquisition and partnerships to gain a major position in the global market during the pandemic. Post COVID-19 Pandemic Impacts on Home Insurance Market. Click to Connect with our Expert

  The  global home insurance market  is estimated to be valued at  $4,07,940.4 million by 2028 , surging from  $2,41,006.8 million in 2020  at a noteworthy  CAGR of 6.8% . Global Home Insurance Market Analysis The surge in the human population has increased the demand for housing services globally, which has propelled the development of residential housing services. The increasing requirement for safe housing has aided in the expansion of home insurance market. The utilization of home insurance services has advantages such as coverage of temporary living expenses and coverage for the loss/damage to your valuable assets and precious personal belongings, which makes it easier to avail a house loan from banks that provides coverage against natural and man-made calamities, protection against liabilities, and others. These factors are expected to contribute in the growth of global home insurance market. The lack of awareness of investment and lack of resources in growing businesses may obst