Knowledge Centre

Home Insurance

Home means a world to us, it is the epitome of our desires and emotions. Many of us invest the savings of lifetime to get a home for ourselves. We need to make sure that it is safe... Home insurance covers the structure of house and the contents which include prized possessions against damage from natural calamities like floods, earthquake, storm and man made events like riots, arson etc.

Home Insurance for Cyclone, Storm and Floods

These days due to climatic conditions Cyclones, Storm & Flood pose for a high occurance. Whenever such natural calamities take place they tend to destroy trees, assets and vehicles. Our home being our most valuable asset it needs to be protected. The whole idea of buying a home insurance is for securing your finances at the time of calamities. In case your home gets damaged due to a natural calamity you have our financial back-up to tackle the expenses for repairs and renovation. We help you dealing with such unforseen expenses so that you beloved home is always secured.

Benefits and Features of Home Insurance

  • Complete coverage for any damage to your home or it's contents from natural calamities and man made events
  • Theft or burglary of property and valuables at the insured premises if the homeowner is away
  • Valuable articles cover for silverware, jewelry and costly electronic gadgets, computers are covered
  • Benefits like round the clock customer service, immediate access to the insurance experts and quick customer service.

Home Insurance and Home Loans

In India, majority of people buy a home insurance while seeking for home loan as it is generally attached with the home loan product. Assuming you have taken a home loan to buy your dream house and definitely you will plan to furnish and decorate it with classy interiors, valuable antiques and latest furniture. It would be heart breaking if the house gets damaged due to fire or natural calamities like earthquake, floods, lightning, thunderstorm etc.

In absence of home insurance you will have to shell out the cost of damage repair(s) from your own pocket which may prove to be very costly. A home insurance plan offers coverages for the building structure and its content, thus securing against any damages to the structure or contents. So you can be assured while paying your home loan EMI that any sudden damage(s) or expense(s) to your home are covered.

Home Insurance Plans

Home Insurance For Tenants
Home Insurance For Tenants
  • Even though you are at a rented place, but the sweet memories, important occasions are still to be cherished. Insure them with plan that secures your home posessions as well.
Home Insurance For Owners
Home Insurance For Owners
  • Your home is your soul . Why not protect this with home insurance from HDFC ERGO?
Housing Society Insurance
Housing Society Insurance
  • With right home insurance plan, secure not just the structures but also the bonds that residents share.

Reasons to buy HDFC ERGO Home Insurance

Short Stay? Long Benefits
Short Stay? Long Benefits

Worried your home insurance will go waste? Our home insurance plans offers you the flexibility of choosing the tenure. Our Home insurance solutions tenure range from 1 year and goes upto 5 years.

Enjoy upto 45% Discounts
Enjoy upto *45% Discounts
Now secure your dream home with HDFC ERGO renter’s home insurance, you get numerous discounts – security discount, salaried discount, intercom discount, long-term discount, etc.
Contents covered upto Rs. 25 lakhs
Contents covered upto Rs. 25 lakhs
Things you own aren’t just material property. They carry memories and irreplaceable sentimental value. HDFC ERGO home insurance plans give you the option to cover all your possessions ( upto Rs. 25 lakhs) without sharing any specified list of home belongings.
Portable Electronics Covered
Portable Electronics Covered
Ever wondered what life would like without your electronic gadgets? We wouldn’t want you to go down that lane. Whether it is your laptop with decades of memories and valuable information or any other electronic equipment, Read More...

What’s Included?

Fire
Fire

Fire can annhiliate your dream home. We cover for the damages due to fire so that you can rebuild your home.

Burglary & Theft
Burglary & Theft

Thieves can run away with your precious jewelry or other valuables. You can rest easy if you get them covered

Electrical Breakdown
Electrical Breakdown

Can't imagine our lives without appliances... insure them to get coverage in event of electrical breakdown

Natural Calamities & Manmade Hazards
Natural Calamities & Manmade Hazards

Troubled times can affect your home as well as your peace of mind. Keep it financially secure with our home shield insurance plan against floods, cyclones, strikes, riots, terrorism, and malicious acts.

Alternate Accommodation
Alternate Accommodation

Get shifting expenses, rent for alternative/hotel accommodation, emergency purchases, and brokerage in case your home becomes unfit for living because of any covered cause of loss.

Accidental Damage
Accidental Damage

Just spent a fortune on fixtures and sanitary fittings? Stay worry-free by securing them against accidental damage with our home insurance plans.

What’s Not Included?

War
War

Loss/Damages arising of events including war, invasion, act of foreign enemy, hostile. are not covered.

Precious collectibles
Precious collectibles

Losses arising out of damage to bullions, stamps, work of art, coins etc. will not be covered.

Old Content
Old Content

We understand that all your precious possessions hold emotional value but anything that’s over 10 years old will not be covered under this home insurance policy.

Consequential Loss
Consequential Loss

Consequential losses are losses that are not the natural result of the breach in the usual course of things, such losses remains uncovered

Willful Misconduct
Willful Misconduct

We ensure your unforseen losses are covered, however if the damage is willfully conducted then it is not covered

Third party construction loss
Third party construction loss

Any damage caused to your property due to third party construction is not covered.

Wear & Tear
Wear & Tear

Your home insurance does not cover usual wear and tear or maintenance/renovation.

Cost of land
Cost of land

Under circumstances, this home insurance policy shall not cover the cost of land.

Under costruction
Under construction

Home insurance cover is for your home where you reside any under-construction property will not be covered.

Optional Cover under Home Insurance

Portable Electronic Equipment Cover
Secure your electronic gadgets even when you are on the move.

Portable elcetronic items including laptop, camera, binoculars, musical equipments; sports gear not only are costly but their absence cxan impact our daily work life, they are covered here but policy excludes equipment that are over 10 years from it's coverage benefits.


Suppose you go on a vacation and your camera gets accidentally damaged, we shall cover against this loss of camera however it should not be an intentional damage. A nominal policy excess and deductible shall be applicable Jewellery & Valuables’s nominal.
Jewellery & Valuables
Now, your precious jewellery is protected against any risk of theft

Jewellery and valuables refer to ornaments or articles made of gold or silver or any precious metal including diamonds as well as sculptures and watches. This add on cover can be opted for maximum upto 20% of your Home Content (Belongings) sum insured. The loss of your jewellery & valuable would be covered on the basis of the prevailing market value


In case your content sum insured is Rs 5 lacs you can secure your jewellery and valuables upto 1 lac. Imagine in your absence there is a theft incident at your home and you end up losing your precious insured jewellery Under such scenario you would be required to submit we the original invoice of the jewellery lost to process the claims. Excess and deductible to be applied.
Pedal Cycle
Cover your pedal cycle upto Rs. 5 lacs

Under this cover we insure losses to static exercise cycle as well as your pedal cycle with or without gear. It covers losses caused by fire, calamities, theft and accidents. We protect any third party liability to a person or property caused by your insured pedal cycle. However, exclusively if your pedal cycle’s tyres only are stolen or damaged it remains uncovered.


How does it work?: On your next cycling expedition due to road accident your cycle is damaged beyond repair leading to total loss, under such situation we will cover the losses. Additionally, if a third party person gets injured due to the accident caused by insured cycle then we shall cover for the third party claim too. Excess and deductible to be applied.
Terrorism Cover
Covers damage caused to your home due to terrorism

Due to a terrorist attack if your home structure/content gets destroyed we cover it


How does it Work?: Any damage caused to your home due to a terrorist attack gets covered. This damage could be both due to terrorists or protection squad by government's defense services.

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Frequently asked questions

You can insure the property in the name of the actual owner of the house. Also, you can jointly get in insured in the name of the owner and yourself.
You can insure individual residential premises. As a tenant you could cover your home belongings.
Property under construction cannot be covered under Home Insurance. Also, Kutcha construction is not be covered.
In case of a Burglary claim an FIR is a mandatory requirement.
Your home belongings are being covered on Replacement basis, New for old. Value of contents should be equal to cost of buying a new content of similar make, model, capacity in today’s date. This may be more or less than the cost at which it was purchased it in earlier time. For Sum insured upto 10 lakhs we cover you on Loss limit.
Fire due to blast in gas cylinder will be covered under Home policy.
While usually home insurance policies cover you for Cost of reconstruction, the actual value of your property in much more. With HDFC ERGO we are committed to give you a comprehensive coverage by insuring your house at Registered agreement value or the ready recknor rate.
You can change your policy details online through our website hdfcergo.com. Visit the 'HELP' section on the website and place a request. To place request or explore services, click here
Home insurance protects detached garages and sheds whereas property insurance does not cover them. Personal property which include your furniture, clothing, large and small appliances are covered in home insurance and not in property insurance. Reimbursement for temporary living expenses if your house is damaged and uninhabitable is given under home insurance and not under property insurance.
Home is undoubtedly one of the costliest asset and the most treasured one. Any damage due to earthquakes and other natural calamities can severely damage the structure of your house. It covers any 1. liability that arise from injury to guests and other third parties 2. Covers against natural calamities and manmade events 3. Coverage of temporal living expenses 4. Coverage for damage to personal valuable assets and precious belongings
Even when you are are renting, you would need to have coverage for your own personal belongings which can be valuable. Even if the house owner has home insurance, your personal belongings will not be covered. Therefore in order to have coverage for your valuables against damage from natural calamities or manmade events you would have to buy home insurance.
Yes each one of them can have a separate home insurance for their part of asset.
Awards & Recognition
SKOCH Order-of-MeritBest Employer Brand AwardHR Excellence through technology award 2012Insurance AwardBest Insurance Company in Private Sector - General 2014Insurance Award iAAA ratingInsurance AwardInsurance AwardGold Shield ICAI Awards 2012-13ICAI Awards 2015-16Insurance AwardInsurance Award
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