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Home Insurance
3.7 Crore+
Happy Customers
Covers Home Structure
Worth upto ₹10 crore
Attractive Discounts
Up To 45%* Off
Covers Home Belongings
Worth upto ₹50 lacs
Home insurance, also known as homeowners insurance, is designed to protect your house and household belongings against unexpected losses such as fire, theft, floods, earthquakes, and other unforeseen events. It acts as a financial safety net during life’s uncertainties, helping you recover from damages and safeguarding your long‐term financial security when disaster strikes.
Your home is more than just a physical structure, it’s a place of comfort, security, and cherished memories. However, unforeseen natural disasters or man‐made hazards can disrupt that peace at any time. Whether you are a homeowner or a tenant, securing your living space is essential. A home insurance policy offers comprehensive protection for your home, contents, and valuables against risks caused by natural calamities and man‐made incidents, ensuring peace of mind and continuous protection for what matters most.
Purchasing a home (or renting it) may be expensive. But securing it is not. With reasonable premiums and discounts up to 45%*, there’s affordable protection for every kind of budget.
Our homes are vulnerable to natural calamities and various crimes. Natural disasters like earthquakes or floods, and even, burglary and theft may occur any time. Home insurance covers all these circumstances and more.
If you thought home insurance only secured the structural aspects of your home, we have good news. These plans also cover your belongings, including expensive electronics, jewellery and more.
HDFC ERGO offers home insurance plans with a flexible choice of tenures. You can avail the policy for multiple years and thereby avoid hassle of renewing it annually.
Nobody knows the true value of your belongings like you do. With comprehensive content coverage up to Rs. 25 lakhs, you can secure any of your belongings - no specifications or conditions attached.
Calamities come unannounced. Fortunately, home insurance makes you prepared for any situation. Whether you’re a homeowner or a tenant, you’ll find a home insurance policy that protects your safe space.
Discounts offered may vary subject to terms and conditions.Refer policy wording for policy exclusions.
For Benefits related details, click here
You get building cover up to ₹10 crore and contents cover up to ₹50 lakh for up to five years. The policy runs on an all-risk basis with useful add-ons and value-based pricing options.
You get cover for your home building and contents against fire, allied risks, and natural disasters. The sum insured is calculated by multiplying the construction cost by the carpet area.
You get cover for the building and contents against fire, allied risks, burglary, and theft. The sum insured is calculated by multiplying the construction cost by the carpet area.
Get cover for physical loss, damage, or destruction of your home building and/or contents on a long-term basis. Protection includes fire and a wide range of natural disasters like earthquake, cyclone, storm, flood, inundation, landslide, and avalanche, along with lightning and terrorism.
Choose from our carefully curated plans, or make your own!
Who take care of a house like their own. Even if you do not own the house, you consider it your own and take care of it. You have organised the home to make a home for yourself. Your stay might be limited, the memories made there aren’t. So it is your duty to protect the content of your home.
Who have invested in a dream. Buying your own home is a huge achievement. For many, it is witnessing their dream come to reality. This reality needs to be taken care of. That’s where we step in and help you guard your home and its content against possible harm.
Please refer to the list of Active Products & Withdrawn Products before purchasing any policy.
Key Features | Benefits |
|---|---|
Covers Home Structure | Up to ₹ 10 crore. |
Covers Belongings | Upto ₹50 lacs. |
Discounts | Upto 45%* |
Additional Coverage | Covers 15 types of belongings & perils |
Add-on Covers | 5 add-on covers |
Disclaimer - The above mentioned coverage may not be available in some of our Home Insurance plans. Please read the policy wordings, brochure and prospectus to know more about our home insurance plans.
See what is covered and what is not covered
Make sure your gadgets are protected every time you travel.
It’s a digital world, and life is hard to imagine without devices that help us connect, communicate, and capture. At the same time, travel is unavoidable in the modern world, be it for business, leisure, or work. This is why you need to secure your valuable electronics such as laptops, cameras, musical equipment, etc., with HDFC ERGO’s portable electronic equipment cover. This cover ensures that you can enjoy your travel without having to worry about your valuable electronics getting damaged or lost in travel.
Suppose you damage or lose your laptop while travelling. This add-on policy covers the cost of repair/replacement of your laptop subject to the maximum sum assured. The damage, however, should not be intentional, and the device should not be more than 10 years old. Policy excesses and deductions apply in this case, as they do in others.
The above mentioned coverage may not be available in some of our Home Insurance plans. Please read the policy wordings, brochure and prospectus to know more about our home insurance plans.
Looking at the big picture is important. But taking care of the little details - that’s a superpower too. And now, with the variety of home insurance plans we offer, you can ensure that every little thing in your house is secured. That way, there’s nothing that can shake off that #HappyFeel vibe in your home.
While home insurance is not mandatory in India, you may think of getting a home insurance plan depending upon the risk factors in India. For example, many regions are prone to natural calamities like floods, earthquakes and cyclones; do not forget those fire incidents and thefts/burglaries that happen here most of the times. Hence, buy a home insurance plan to get coverage under following circumstances:
Fire Accidents
Thefts and Burglaries
Natural Calamities
Man-made Hazards
Damage to Belongings
In 2022, over 652 thousand theft cases were reported across India. In 2022, Delhi had the highest reported theft rate with over 979 cases per 100,000 people, followed by Mizoram and Chandigarh. Loss of content could be a big financial blow for a family.
Home insurance is a very important policy that financially protects the structure of your home and its contents. This policy can be bought for the following types of properties;
Individuals who live in a flat can buy home insurance for it. Flat owners can protect the structure of their home unit and their belongings with this policy against unforeseen damages/losses. Individuals living in flats as tenants can also opt for this policy to cover their belongings.
Apartments are a great choice for residence as they are housing units within larger buildings, offering more living space and a choice of shared amenities. Apartment owners and tenants can get home insurance to protect their lovely abode and/or its contents against damages/losses due to perils like fire accidents, theft, natural calamities, etc.
Living in condominiums has its own perks. Mostly owned by individuals or privately rented out, they feature common areas and shared maintenance under a board of unit owners, offering a sense of community living. To protect such a wonderful residential arrangement, condo owners can buy home insurance, which covers the condo unit structure and contents from unwanted losses/damages..
Living in a villa is as lavish as it gets. It highlights the rich taste and sense of elegance of its owner. These large and luxurious houses have a steep ownership price. Hence, dealing with damages/losses to its structure or contents can be challenging. Hence, villa owners can get home insurance to financially cover their structure and/or contents against perils.
Few things in life match up to the joy of unlocking the door and taking that first step into a house you call your own. But with that joy also comes a nagging worry - “what if something happens to my home?”
Put that worry to rest with the HDFC ERGO Home Shield Insurance for Owners. We protect your house and your belongings in case of natural calamities, man-made hazards, fires, thefts and more.
First off, congratulations if you’ve found the perfect home to rent in your city. It gives you all the perks of a fabulous house without any added responsibilities, doesn’t it? Well, that may be true, but the need for safety is universal, even if you’re a tenant.
Protect all your belongings and keep yourself safe from financial losses in case of natural disasters, burglaries or accidents with our Tenant Insurance Policy.
You can purchase the HDFC ERGO Home Insurance Policy if you are:
The owner of an apartment or an independent building can insure the structure and/or its contents, jewellery, valuables and portable electronic equipment.
The owner of a flat or apartment can insure the structure of their property as per carpet area and cost of reconstruction.
A tenant or a non-owner, in which case you can insure the contents of the house, jewellery and valuables, curios, paintings, work of art and portable electronic equipment
Premium Calculator
Calculating your home insurance premium has never been easier. All it takes is 4 quick steps.
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A deductible in home insurance is the amount you pay out of pocket before your insurer covers the rest of a claim. During the time of a claim, the amount you receive from your insurer is minus that of the deductible.
There are two types of deductibles:
Online purchases are more convenient. You can buy insurance from the comfort of your home, and save time, energy and efforts. What a win!
There’s a plethora of secure payment modes you can choose from. Use your debit card, credit card, net banking and even wallets and UPI to settle your purchase.
Payment done? That means no more waiting for your policy document. Simply check your email inbox, where your policy documents arrive within seconds of making your payment.
There’s no dearth of user-friendly features online. Calculate the premium in an instant, customize your plans, check your coverage with just a few clicks, and add or remove members from your policy without any trouble.
Disclaimer - The above mentioned coverage may not be available in some of our Home Insurance plans. Please read the policy wordings, brochure and prospectus to know more about our home insurance plans.
To compare home insurance plans of different companies and then settle for the one that suits your needs, keep these things in mind:
For each plan that you have shortlisted, check if it covers natural disasters, fire, theft, and other perils in its base coverage. Some plans can be customised, so check if the option is available to make your policy a comprehensive one.
Check if you can include coverage for personal belongings, jewellery, and electronic coverage. This gives wider security and peace of mind.
Choose a sum insured that is enough to cover rebuilding costs and covers your valuables. A lower sum insured might add to financial strain during a crisis hour.
A lower premium would also mean less sum insured. So, work on your premium, taking into consideration the cost of rebuilding and valuables and check for exclusions in your plan. Also, check premium rates for coverage similar to your shortlisted companies.
Don’t miss this. Do your research and read reviews about the ease of claim filing and approval time of your shortlisted companies. The higher the claim settlement ratio, the better.
Understand What’s covered and Not covered in your plan to avoid claim rejections later. Take your time and read the fine print.
Check for optional riders like rent loss coverage, terrorism cover, or appliance breakdown cover, as these can save you from shelling out money during any untoward incident.
Take your time to read online reviews and ratings for service quality and claim experiences. This will help you make an informed decision about the policy you choose.
One way to lower your premiums and still secure your home and belongings is to look for discounts on security features, long-term policies, or bundled insurance plans
Go through the fine print for deductibles, waiting periods, and renewal terms. Different insurers have different clauses, check them before you seal the deal.
While different companies might give you options to choose from various benefits, add-ons and base coverage, choose a company with a strong financial background to ensure claim security.
Determine the coverage you need based on your home’s value, location, and belongings.
Compare different plans based on reputation, customer reviews, and claim settlement ratio.
Choose between basic coverage (fire, theft, natural disasters) and additional coverage (floods, earthquakes, valuables) for a comprehensive plan.
To avoid underinsurance, ensure your home and belongings are insured for their correct value.
Request quotes from multiple insurers and compare premiums, deductibles, and policy benefits.
Read the policy document carefully to understand what is not covered.
If needed, opt for additional coverage, such as personal accident cover or alternate accommodation expenses.
Choose an insurer with a hassle-free and quick claims settlement process.
Buy the policy online or offline after reviewing all details and ensuring it meets your needs.
For registering or intimating claim, you can call on helpline no. 022 6158 2020 or email to our customer service desk at care@hdfcergo.com After claim registration, our team will guide you in every single step ahead and help you settle your claims without any hassle.
Documents required to raise home insurance claims:
Following standard documents are required for processing claims:
● Policy or Underwriting Booklet
● Photographs of the damage
● Filled up claim form
● Logbook, or Asset Register or Item list (wherever shared)
● Invoices for repairs and replacement costs along with payment receipt
● All certificates (which are applicable)
● First Information Report Copy (wherever applicable)
Please refer to the Policy Issuance & Servicing TATs
Creating a home inventory for insurance purposes is essential for several reasons:
Easier Claims Process
A detailed inventory helps speed up and simplify the insurance claim process in case of loss or damage.
Accurate Valuation
It ensures you have an accurate record of your possessions, preventing underinsurance or overinsurance.
It provides evidence of ownership, making it easier to claim compensation for lost or damaged items.
It helps recover financially after disasters like fires, floods, or theft.
It assists in selecting the right insurance coverage based on the value of your belongings.
It reduces disputes with insurers, leading to faster claim settlements.
It can be useful for tax deductions (e.g., after a loss) or legal matters like estate planning.
Gives confidence that you are well-prepared for unexpected events.
Review your policy’s expiration date to ensure timely renewal and avoid coverage gaps.
Assess if your coverage needs have changed due to home improvements, new valuables, or location risks.
Check if better options are available by comparing premiums, coverage, and claim processes.
Ensure you understand any changes in terms, conditions, and exclusions before renewing.
Inform the insurer about any changes in the home structure, security features, or new add-ons required.
Look for loyalty discounts, no-claim bonuses, or bundled policy benefits to reduce premiums.
Pay the renewal premium through the insurer’s website, mobile app, or offline channels.
Ensure you receive a confirmation email or policy document with updated details.
Keep a digital and printed copy of your renewed policy for future reference.
Brochure
Get details on various home insurance plans with their key features and benefits.Visit the Home category to know more about HDFC ERGO home insurance policy covers.
Claim Form
Want to claim your home insurance? visit the Home category to download the home policy claim form and fill in the required details for hassle free claim settlement.
Policy Wordings
Please refer the policy wordings under Home Insurance category to know more about the terms and conditions applied. Get more details on coverages and features offered by HDFC ERGO Home Insurance Plans.
Home insurance may seem a bit complex, but that’s only until you’ve figured out all the jargon. Here, let’s help you out with that by decoding some commonly used home insurance terms.
Sum Insured
The sum insured is the maximum amount the insurance company will pay you in case of loss due to defined peril occurs. In other words, it’s the maximum coverage that you have opted for under your home insurance plan.
Third-party liability cover
This kind of cover protects you in case you are held liable for the damages, losses, or injuries to any third-party (whether it’s a person or property) occurring in and about the insured's property. Such a loss, damage or injury must be a result of the insured property or belonging.
Deductible
In some cases, when an insurable event happens, you will have to pay some of the expenses involved out of your own pocket. This amount is known as the deductible. The rest of the expenses or losses will be borne by the insurance company.
Claims
Insurance claims are formal requests from policyholders to insurers, made for claiming the coverage or compensation due under the terms of the home insurance plan. Claims are made when any of the insured events have occurred.
This is an additional clause/cover in some home insurance policies, where the insurer also arranges for temporary alternative accommodation for the insured person in case their home is damaged and deemed unfit for living due to an insurable peril.
Policy lapse occurs when your insurance ceases to be active. In other words, the benefits and the coverage offered by your home insurance plan no longer remain applicable. Policy lapse can occur if you fail to pay your premiums on time.
The value of your insured property after deducting depreciation from the replacement cost. This represents the Actual Cash Value of the property.
Structure refers to the physical building or the house, which consists of its walls, roof and foundation.
Your possessions and items inside your home, like furniture, electronics and clothing, are covered for loss or damage under the policies associated with building insurance.
This is the minimum amount you need to pay out-of-pocket before your insurance kicks in to cover a claim. Higher deductibles generally lower your premium but could increase your out-of-pocket expenses.
A type of insurance that covers the home itself but may not cover personal property or liability. The primary use is for rental properties.
It is the actual cost of replacing or repairing your home or belongings with new items of similar kind and quality without subtracting depreciation.
An appraisal is a professional judgment of the worth or value of real property, antiques, estate items and classics used for insurance purposes.
A decrease in the value of your property or possessions over time as a result of daily use, age, or simply being outdated.
The additional time is given after a premium due date, during which you can pay without losing coverage, which usually ranges from a few days to a month.
A situation where your insurance coverage is ultimately terminated due to non-payment of premiums, leaving your property uninsured.
The price your home would likely sell for on the open market. It may differ from its replacement cost or insured value.
It is restoring lapsed insurance coverage after overdue premiums are paid. It often requires approval from the insurer.
A type of insurance that covers a tenant’s personal belongings and liability, not the physical structure, which the landlord covers.
Insurance that covers legal costs and compensation if someone is injured or their property is damaged while on your premises.
The expense of rebuilding your home from scratch after a total loss, including materials, labour, and compliance with current building codes.
Are you a proud owner of a new home? Do you feel an unsuppressed urge to protect all you have so painstakingly built? Read on to find out what you need to look for in a home insurance policy :
Bharat Griha Raksha Raksha Cover is a policy that has been mandated to all insurance providers, by IRDAI, to offer, with effect from 1st April 2021. HDFC ERGOs Home Shield is an umbrella insurance that covers damages caused by natural calamities and fire breakouts.
Features | Bharat Griha Raksha Policy | Home Shield Insurance Policy |
|---|---|---|
Premium Amount | This is a standard home insurance covering residential houses with affordable, low-cost premiums. | Homeowners and tenants can get 30% discounts on their premiums for security deposits, salaried discounts, and long-term discounts. |
Tenure | This covers property and content damage for 10 years. | It can cover your home and its interiors for as long as 5 years. |
Sum Insured | Auto escalation of the sum insured of 10% is done annually. | This has an optional cover in Home Shield. |
Coverage | This has a waiver of under insurance. It compensates for replacing the covered items and not their market cost. | Coverage is only to the value of the sum insured as issued by the company. |
Content Coverage Amount | Valuable content of the house is covered up to 5 lakhs of the sum insured. | Rupees 25 lakhs coverage is offered for content safeguard without a specified list being shared for belongings. |
Inclusions | The inbuilt add-ons include damage due to riots and terrorism, rent for alternate accommodation, and debris removal compensation. | This covers damages due to fire, natural and man-made hazards, theft, electrical breakdown of your machines and accidental damages to fixtures and fittings. |
Optional Cover | Here too, optional covers for valuable items like jewellery, paintings, works of art etc are available. Moreover, you and your spouse will also receive personal accident cover for death due to damaged building or contents. | Here, optional covers include sum insured escalation of 10%, expenses incurred while shifting to a new residence, hotel accommodation, portable gadgets and even jewellery. |
Exclusions | What does not come under this policy purview are loss of precious stones, or manuscripts, damage to any electrical goods, war, or any willful negligence. | Home Shield does not cover direct or indirect damages due to war, contamination from nuclear fuel, waste, loss due to structural defects of buildings, manufacturing defects of electronics gadgets etc. |
Home insurance and home loan insurance are victims of mismatch. These both sound pretty interchangeable, though they serve very different purposes. Let’s understand the two so that you can make an informed decision concerning protecting your home and financial well-being.
Home Insurance | Home Loan Insurance |
|---|---|
Home insurance protects you against loss or damage to your home and contents due to unforeseen causes such as fire, burglary, floods, earthquakes, or other catastrophes. | Home loan insurance is designed to pay the outstanding amount of the home loan on your behalf in case of certain events, such as death, critical illness, or loss of a job, which would prevent one from repaying it. |
This kind of insurance covers damage to a structure, like a home, and contents therein like furniture, electronics, and appliances. It may also include liabilities arising from accidents occurring on the property. | Home loan insurance covers the remaining balance of the loan just in case the borrower is unable to continue repaying it for unpredictable reasons, therefore ensuring the loan is off the books. |
Both house owners and tenants can buy home insurance, although in the latter case, only the contents will be covered and not the structure. | Home loan insurance applies to personal homeowners who have acquired their homes through loans and is not an option for those who do not have such a similarly relative repayment of the loan. |
Home Insurance is intensive in the sense that, even if you face property risks from natural calamities or man-made incidents, you are assured not to carry that burden financially. | Home loan insurance becomes very important when a borrower gets into some unforeseen problem due to losing his job or severe health issues, so much so that it may become impossible to pay the loan and thus protect the family from financial stress. |
The premium normally charged for the insurance is low because insurance for a house is directly rated on the value of the structure and its contents, thus considered a very cost-effective way of home protection. | In contrast, the premiums for home loan insurance are generally higher since it is associated with the amount one has in a home loan and possible risks in repayment. |
Premiums that are paid towards home insurance are not deductible, meaning that it provides the protection of finances but does not offer direct tax benefits of any kind. | However, premiums paid for home loan insurance are allowed as a deduction under Section 80C of the Income Tax Act, thus offering some relief in your tax liabilities. |
Home insurance provides complete coverage that can also provide alternate accommodation in the worst case where your home becomes uninhabitable so that you are guaranteed a place to stay as repairs take place. | Home loan insurance gives you the peace of mind that if something happens to you, the loan repayment will not come onto your family's shoulders, ensuring that their future is protected with regards to the property. |
Here are the differences between Homeowner and Tenant Home Insurance;
Categories | Homeowner Home Insurance | Tenant Home Insurance |
|---|---|---|
Who can buy it? | This type of home insurance can only be bought by individuals who want to cover their home that they own. | Individuals who live as tenants can opt for this home insurance plan. |
What can be covered? | Under this plan, home structure, contents or both can be covered. | Under this plan, tenants can only get insurance coverage for the home contents, not the structure. |
Average cost | The average cost of a landlord's home insurance can be higher if opted for both structure and content coverage. | The average cost of tenant home insurance is lower as it only includes the cost of covering home contents. |
See what are the benefits of home insurance
Homeowner's insurance premium are determined based on several factors, including:
Factors | Details |
|---|---|
Location | This is the prime factor that is taken into consideration. If your property is situated in an area that threatens the risk of natural disasters, high crime rates, or located on the outskirts of the city limits, the premium rates could go up. |
Home Value & Replacement Cost | The insurers would take into consideration the cost to rebuild the home, not just market value, before defining the premium. |
Wear & Tear | Older homes may have higher premiums due to the potential repair costs attached to the structure. |
Sum Assured | A higher sum assured increases premium rates. |
Deductible | Opting for deductibles can impact your premium rates. Higher deductibles lower premiums, while lower deductibles raise them. |
Claims History | The number of past claims made on your property considerably increases the premium. |
Credit Score | Having a higher credit score can influence your insurer to work out a lower premium for your property. |
Home Security | Features Maintaining your property by installing security systems, smoke detectors, and fire alarms ensures damage control methods are in place, which can reduce premium rates. |
Durable Structure & Roof | Insuring a durable and weather-resistant structure may lower premium costs. Insurers pay emphasis on the roof of the structure, which should be resistant to changing weather and compatible with various climatic conditions. |
Real stories from people who love our products.
HOME SHIELD INSURANCE
The Current services offered by HDFC ERGO are impressive. Keep up the great work.
4/28/2025
STANDARD FIRE AND SPECIAL PERILS POLICY
The services provided by HDFC ERGO is very helpful.
3/27/2025
PRIVATE CAR PACKAGE POLICY BUNDLED
My PRIVATE CAR PACKAGE POLICY BUNDLED policy was about to expire and I called up the Call Centre for help and the response was quick and efficient.
12/5/2024
HOME SHIELD INSURANCE
I really want to commend on your excellent and simple-to-understand online interface. Very easy to use. Even knowledge of your executive is excellent. I am happy with my experience.
10/30/2024
HOME SURAKSHA PLUS
The process of issuing the policy is quite fast and smooth.
5/18/2024
HOME SHIELD
The policy processing of HDFC ERGO and steps involved in buying the policy is quite smooth, easy and fast.
5/10/2024
PRIVATE CAR LIABILITY ONLY
I am very happy and satisfied with your services. Keep up the good work.
5/13/2024
HOME SURAKSHA PLUS
I am very happy and satisfied to receive prompt and swift services from my relationship manager. He helped me to understand the terms and conditions of the PM AWAS Yojana better than the tele salesperson and helped me take an informed decision about my purchase.
3/8/2024
PRIVATE CAR LIABILITY ONLY
Excellent. I highly recommend this policy for your home
8/3/2021
What people were most curious about
1
What is home insurance?
It is a policy that covers the physical structure of your residential building and the content within your residence. Be it a homeowner or a tenant, this insurance covers damages caused by floods, earthquakes, theft, fire etc.
2
Can the sum insured for this policy be increased or decreased during the term?
The sum insured can be increased by opting for a higher premium. It can however, not be decreased.
3
What is the duration of the policy?
This policy has a maximum duration of 5 years. Buyers are offered discounts ranging from 3% to 12% depending on the length of the tenure.
4
Can I cancel the policy at any time during the tenure?
Yes. You can cancel the policy anytime you want. However, please note that retention of premium as per short period scales would be applicable.
5
What is the criteria for applying to this policy?
To be eligible to apply for this policy, your property should meet the following requirements:
6
Do I really need home insurance?
A home is more than just a house. It is the one place in the whole world that we can truly call our own. It becomes our responsibility to protect it from unforeseen events, forces of nature, and the ravages of time. A home insurance policy is the best tool we have for protecting our most prized possession. Read more to understand the importance of Home Insurance.
7
Is it compulsory to buy home insurance from the designated bank?
Most people need to take a home loan to buy a home. While the loan agreement may require you to get home insurance, there is no compulsion to get the home insurance from a specific bank or insurance company. The loan provider may require you to get insurance for a certain value but as long the insurance company is authorised by IRDAI, the lender cannot refuse to accept the policy.
8
What do you mean by reinstatement cost?
Reinstatement cost is the cost of repairing the damaged property using materials of the same quality or kind. Reinstatement intends to indemnify your loss. The idea is to reconstruct the property in a similar condition that it was before the damage. Reinstatement cost primarily includes labour and material cost.
In the case of home contents insurance, reinstatement cost includes the cost of replacing the lost or damaged articles with articles of the new kind without factoring in depreciation.
9
How is the sum assured computed?
The sum insured is usually calculated based on the type of property, its market value, the area of the property, rate of construction per square feet. If, however, a comprehensive home insurance plan is bought, the sum insured would also include the cost or value of the articles of the home which are to be insured.
10
Are structure and building the same thing in home insurance?
The structure is a wider term which can be used to include the building of the property, the compound wall, terrace, garage, etc. The structure, thus, includes the vicinity of the building too. Building, on the other hand, means only the standalone building which is insured. It does not include the surrounding property.
11
What should I do in case of damages to my house?
In the case of damages, you should immediately inform the insurance company if such damages are within the scope of coverage. To inform HDFC ERGO, call 022 6158 2020. You can also send an email to the company at care@hdfcergo.com. You can also call on the number 1800 2700 700 for informing about the claim. Claim intimation should be made within 7 days of the damage.
12
How do I calculate my Sum Insured for Structure & Content?
A set formula has been defined to calculate the sum insured for the home building, including all structures. The prevailing cost of construction of the home building being insured, as declared by the policy buyer and accepted by the insurance company, becomes the sum insured. For home contents, built-in cover of 20% of the building sum insured, subject to maximum INR 10 lakhs, is provided. Further cover can be purchased.
13
Which insurance is best for your home?
Policies that provide comprehensive coverage for your home are always best. With affordable premiums and discounted rates, Home Shield and Bharat Griha Raksha policies are two of the best policies you can look for.
14
What is the meaning of Housing Insurance?
Home insurance in India offers financial security for your residential building and its internal contents against damages from man-made and natural disasters.
15
How much does home insurance cost in India?
The basic home insurance is quite cheap and affordable. Further discounts are also offered on premiums.
16
Is home insurance worth it in India?
A comprehensive policy covers losses due to theft and burglary. Every Indian household has some amount of precious jewellery at any given time. It also covers man-made perils like riots, vandalism and natural calamities like floods, earthquakes, storms etc.
17
Can tenants take home insurance?
Yes. Tenants can also invest in home insurance to protect their precious possessions. Insurance here, too, covers losses against natural disasters and man-made hazards.
18
Is it mandatory to buy home insurance?
It is not mandatory in India but is advisable due to the multiple benefits they offer.
19
Can we buy home insurance online?
HDFC ERGO home insurance can be purchased online seamlessly. Customer support is available 24/7 to solve all queries relating to any policy or any claim.
20
What insurance do I need for my home?
To insure your home, you will need a comprehensive home insurance plan or homeowners insurance. Choose a plan that will protect you against property damage, theft, and liability, and also extend coverage to secure the valuable contents of your home. The right home insurance plan will provide coverage for both structure and contents along with additional coverage for the premium you pay. Check HDFC ERGO’s comprehensive home insurance plan to select one that suits your needs.
21
Which is the affordable homeowners insurance?
An affordable homeowners insurance or home insurance varies based on location, property value, and coverage needs. However, premiums can be reduced by opting for higher deductibles, bundling policies, and installing safety features like smoke detectors or security systems, which ensures that risks attached to your home is considerably less. It's essential to compare quotes from multiple providers, as discounts and rates can vary significantly. You can also check out HDFC ERGO’s comprehensive home insurance plan as we provide customisable plans with required add-ons at competitive premiums.
22
How do I insure my house?
To insure your house, start by assessing the value of your home and belongings. Research different insurance providers and compare homeowners insurance policies that offer coverage for structural damage, personal property, and liability. Get quotes from multiple insurers, either online or through an agent. Choose the right level of coverage, factoring in potential risks like floods or earthquakes if applicable. Once you've selected a provider, complete the application process, undergo any required inspections, and pay the premium to activate your policy. Review your coverage regularly to ensure it meets your needs. Check HDFC ERGO’s comprehensive home insurance plan that comes with extra add-ons and boosts a smooth claim process.
23
Is property insurance & home insurance the same?
Depending on specific circumstances, property insurance and home insurance can sometimes be used interchangeably in India. In general, home insurance is a type of property insurance that covers your home’s structure and/or its contents. Property insurance is a policy that covers assets, like land, buildings, machinery, goods, etc.
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What is home content insurance?
Home content insurance is a type of home insurance that covers the belongings in your house against loss or damage caused by perils like natural disasters, theft, fire, etc.
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What are add-on covers that we can opt for while taking home insurance?
When buying home insurance, you can opt for add-ons like portable electronic equipment cover, jewellery & valuables cover, public liability cover, pedal cycle cover and terrorism cover.
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What is home shield insurance?
Home shield insurance is a policy that offers comprehensive coverage for your home. It protects your assets for up to 5 years against various unanticipated events.
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Who offers a home shield insurance policy?
HDFC ERGO offers the home shield insurance policy in India. Owner-occupants of apartments/flats/independent buildings and tenants/renters are eligible for this policy.
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Does home insurance cover natural disasters?
Yes. Natural calamities are one of the many perils that home insurance offers coverage for. Floods, earthquakes, landslides, rockslides, etc., are some examples.
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What are the things covered in home contents insurance?
The coverage of your home insurance policy depends on the plan that you have chosen. However, typically, furniture, fixtures, electronics, gadgets, and valuables such as jewellery, pieces of art, etc., can be covered.
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What is the difference between homeowners' and tenants' insurance?
Homeowners generally prefer getting insurance that covers the physical structure. They may also want to protect the contents of the house, such as furniture, valuables, electronics,, etc. Tenants,, on the other hand, as they do not own the building, may only want to safeguard their belongings.
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