Hi,
The home insurance you mean is fire insurance or mortgage insurance?

If it's mortgage insurance, the plans that offers no cash value is always the cheapest. For example MRTA and term life insurance.
However, nowadays the home buyers prefer MLTA which offers a cash value when the loan has been settled. They don't want their premium paid to be totally burnt. Since they can afford to pay slightly higher for the premium, why not they just pay slightly more so that at the end they can get back their premium paid + interest?

This post has been edited by gavin_lim: Jun 15 2010, 12:24 AM