Knowledge Centre

Home Insurance

Your home is that cosy place where your heart lies, your memories are treasured and a place where you feel safe. While your happy home protects you, it needs protection too. If your home gets damaged due to natural calamities or your belongings are broken or stolen, a home insurance plan can be the protection you need to cover the cost. Whether you rent or own your apartment, if it is damaged or your belongings are broken or stolen, repairing the structure and repurchasing the valuables may drain your hard-earned money. That is when you need a home insurance plan to cover the losses. You can choose to cover both home belongings and structure or only belongings under our home insurance plans. The best home insurance plan evaluates the value of your home structure and content to derive a pocket-friendly premium for securing your home. At, HDFC ERGO, we offer Home Shield Insurance, a suitable home insurance plan designed for all types of home and comes at a convincing premium. Be it an owned apartment, a luxurious bungalow or a rented flat we cover your home to ensure it always stands strong to give you the shelter and protection.

Why there is a need for home Insurance in India ?

Because, natural calamities and accidental damages do not come with a prior notice, they are uninvited and uncertain. In addition, a single incident is enough to drain your savings that is why you need a home insurance plan to cover the repair costs and pay you in case your valuables are stolen. While home insurance is not mandatory in India, depending upon the risk factors you may think of getting a home insurance plan. In India, many regions are prone to natural calamities like flood, earthquake and cyclones hence it is important to get a home insurance in India. Also, even if you are sure that your home is not prone to natural calamities, do not forget that fire incidents and theft/burglary may happen at any place at any time. House insurance or property insurance plays a vital role in covering your most valuable asset, because mere buying the dream home is not enough protecting it matters a lot.

Explore HDFC ERGO 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.

Benefits offered by HDFC ERGO Home Insurance Plans

Offers Home Protectiton beyond Structure
A home insurance plan commonly protects your home structure from damage caused by natural calamities. Therefore, if ever your house is damaged due to flood, earthquake or any other accidental damage then the expenses for repair and renovation are covered. However, with changing trends, a good home insurance plan goes a bit beyond than the usual structure damage; it secures your expensive electronics, furniture and jewellery too at additional premium.Therefore, you are not just covering your home but also your belongings that actually spell breathe in your home interiors.
Convincing & Affordable Premiums
Though your valuable property is quite expensive probably your only big investment, the premium for securing your home is not that high. We at HDFC ERGO also offer huge discounts of upto 45%*, which clearly shows that you can actually get cheap home insurance online. In fact, you can then think of extending your cover to protect home content like furniture and electronics and protect your valuable jewellery and portable electronics at an additional premium.
Natural calamities come uninvited
Newspaper headlines are flooded with reports that widely talk about the loss of property caused due to earthquake tremors, floods and cyclones. Hence, not getting a home insurance is a tremendous financial loss. If your property is damaged due to natural calamities then the cost of repair and redevelopment is high enough to drain your lifelong savings, hence be wise and get a home insurance policy online.
Home belongings need theft/burglary cover
While if you still hesitate buying home insurance for structure loss understand your home contents if stolen may lead to serious financial losses and a theft incident can happen anywhere you reside in the nation. Even if you do not own a house and staying in a rented apartment understand that your home content needs to be insured. Guess what? With HDFC ERGO home insurance plan, you get discount on premium if you stay in a place where the security measures are equipped so you get a content insurance for theft cover at affordable premiums.

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 Covered in HDFC ERGO Home Insurance Policy?

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 covered in HDFC ERGO Home Insurance Policy?

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.

Other Home Insurance Plans

Why stay happy with less when you have a chance to get a much wider cover for your home? Along with a comprehensive home insurance plan for your structure, you can also get coverage for your belongings and expensive jewellery. You can also get a home insurance plan for your content if you stay in a rented apartment. The best part of getting HDFC ERGO’s home insurance plan is that you get all coverage in our home shield insurance, which gives you a one roof shopping experience. Check the below table and explore home insurance for your valuables and decode the inclusions and exclusions for better understanding.

Who should buy a Home Insurance ?

The Proud Home Owner
So, you have bought the most expensive asset and while you are still happy with the fact that you finally could buy a house or call a home that is your own do not stop here. The real responsibility begins now. It is important that you do not stop at just buying it but also take a step ahead to secure it with a good home insurance company in India.Since,home insurance is not the first thing that comes to your mind while safeguarding your finances, but understand that it does help when things go wrong. If an unfortunate incident like a fire breakout, a theft case or natural calamity hampers your home structure and the precious belongings, then you need to have a home insurance to cover for the losses. Hence, as a home owner you need to buy a home insurance policy.

The Tenant
Since, you do not own the house you can easily procrastinate from securing the home structure because it is not yours. However, little did you know that home insurance does not limit itself from securing the homeowners property but it also secures your precious belongings like furniture, jewellery, portable electronics and electronic equipment’s. Therefore, a sudden natural calamity or a theft incident that takes place at your rented apartment may not necessarily just cause financial loss to the homeowner but also create financial distress at your end. Hence, get a home insurance for tenants by HDFC ERGO and secure your content.

Factors that affect Home Insurance Premium

Amount of coverage: Home insurance premium is calculated depending upon the current value of the property. Higher the coverage or Sum Insured higher the premium and vice versa. Home insurance premium for a flat worth 5 Cr. would definitely incur high premium as compared to a 1Cr. Your sum-insured value depends upon the prevailing property rate of your home.

Location: The location where you stay counts while deriving the premium for your home insurance. If your residence is in a low-lying area and probable to flood risks, then your premium might be a bit high. Your residence location plays an important role in deciding premium.

Deductibles, if any: Deductibles are the compulsory amount that you pay when there is a claim. If your home insurance plans involve deductibles then your premium amount depends upon deductible percentage. Higher the deductible lower the premium and vice versa.

Content Value: If your house contains a wide range of expensive furniture and electronics then your premium may get a little high. Additionally, if you choose to cover the jewellery and valuables then you can cover that too with an additional premium.

Security measures: If your home has good safety and security equipment then your premium will be low, similarly a house, which has no security measures may have to pay a higher premium.

Buying mode and your occupation: At, HDFC ERGO if you are a salaried individual you get premium discounts also if you buy online we give you discounts, hence go for HDFC ERGO’s home shield cover for a complete coverage against uncertainties that may damage your home.

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.

Home Insurance News

Things to know before you get your first home insurance policy

Before you buy your first home, you'll need to get your first homeowners insurance policy. The cost of your homeowners insurance depends on where you live and the value of your home. Collect all information about your home on hand to decide how much coverage will be sufficient and what will the policy cover.

Source: Business Insider | Published on 20 Sep 2020

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.
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