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All You Need to Know About Home Insurance Policy by HDFC ERGO

Your house is undoubtedly one of your costliest possessions. Unforeseen circumstances such as earthquakes, flood or accidents can cause catastrophic devastation to your house making it unlivable. In addition to finding temporary residence, you will also need to deal with the financial and emotional pain of rebuilding the house. In order to secure you financial interest in such circumstances, home insurance is important. Knowing that you are financially sound during the entire ordeal gives you strength and mental peace to rebuild the house.

Who Can Buy Home Insurance Policy

Any resident of India who is the owner and/or occupant of the property can purchase a home insurance policy. However, multiyear policies can only be bought by the owners and not tenants. In addition, home insurance can also be purchased to cover society building and common utilities where the policy is issued in the name of the society for a single year.

HDFC ERGO Home Insurance Policy

When it comes to providing insurance coverage for your precious home, no one covers you better than HDFC ERGO Home Insurance policy. The policy is designed to secure both the structure and content of your home with multi-year insurance plans that are affordable and hassle-free. Anyone can buy home insurance policy online with a few clicks. Still wondering about the features? Here's the exhaustive list:

Long-Term Cover

The long-term home insurance policy covers your home for up to 5 years. This policy gives your home the protection it deserves without being harsh on your pocket. Once your buy this policy, you can enjoy peace of mind knowing that your paradise is protected. And of course there are a host of other benefits that come along.

Flexibility to Increase Cover

Not satisfied with the coverage and want to increase it? HDFC ERGO home insurance policy gives you the flexibility to increase (or not) the sum insured by 10% at the end of every year. To avail this, you will have to ensure the policy continues without any lapses in between.

Multiple Plans to Choose From

Do you want to protect only your property structure or do you need dual protection for both the building and the content of the house? HDFC ERGO gives you the option to select the plan you like. HDFC understands that the insurance needs of individuals can vary and that is why different plans are designed to cater to different needs. You know your home the best and can choose from the multiple plans the one that works best for you.

Multiple Discounts

With instant paperwork and one-click insurance purchase, buying home insurance from HDFC is extremely easy. And the best part is that it provides multiple discounts and helps you save money. Get upto 25% discount by securing both your home as well as possessions on a long term basis. In addition, get a 15% discount under Burglary section for security arrangements of your property..

How Sum Insured is Determined?

The sum insured is based on the reinstatement value i.e. the reconstruction cost is determined based on current construction cost. The reinstatement cost is determined by:

  • Built-up area of the house in square feet
  • Cost of construction (material and labour charges)

It is important to note that the value of land is not a part of the home insurance policy


HDFC ERGO Home Insurance provides protection in case of:

  • Fire
  • Theft and Burglary
  • Natural Calamities
  • Lighting
  • Explosion


HDFC ERGO Home Insurance does not provide protection in case of:

  • War
  • Wear and Tear
  • Willful Misconduct
  • Cost of Land
  • Loss of Precious Jewellery
  • Under Construction Building

Why Choose HDFC ERGO Home Insurance Policy?

With so many options to choose from and each insurance company claiming to offer the best deal, the choice becomes very difficult. However, there is a reason why HDFC ERGO is trusted by over a crore of Indians. It provides:

  • 24*7 support to ensure fast and hassle-free claim processing
  • Successfully provides 1 crore+ settlements
  • Wide range of coverage and plans for every portfolio
  • Transparent settlement process
  • Best Customer Experience Award in 2016


So be prudent and secure your sweet home by purchasing HDFC ERGO home insurance policy. Insure your home against every natural and man-made calamity to ensure you can live peacefully in your paradise

Disclaimer - The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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