Knowledge Centre

Floods Insurance

Owing to man’s lack of respect for the environment, natural calamities are not just becoming frequent, but they are also getting fiercer. Especially, in India, with such geographical diversity, different regions are always in danger of some form of natural disaster, be it avalanches and landslides in hilly areas, or tsunamis and cyclones in coastal regions. Most Indian states suffer from floods, especially during the monsoon season, when the water level rises in rivers.

Floods can bring normal life to a standstill. Apart from damage to roads, crops, and drainage systems, it can damage your home and belongings as well. However, if you have flood insurance, which is usually a part of comprehensive home insurance, you will have little to worry about. Most repair expenses will get reimbursed in that case. So, here’s more on flood insurance.

What is Floods Insurance

In India, it often takes people decades to save for a house. And a massive flood can destroy all of that in a few minutes. So, buying a comprehensive home insurance plan is a must. Flood insurance is a subpart of such home insurance, and when you opt for it, you become eligible to receive compensation for repairs in case you are affected by a flood.

In other words, you will be protected in case of floods caused due to overflowing rivers, or water-logging due to incessant rain in the monsoon season, or due to seawater entering city space due to tidal conditions.

Zones in India

India has many rivers and there are many cities and towns that are situated on banks of such rivers, like Ravi, Yamuna, Sutlej, Ganga, Brahmaputra, Mahanadi, Godavari, etc. These rivers have many tributaries too. Similarly, being a peninsular country, India is surrounded by sea on three sides - the Arabian Sea in the west, the Indian Ocean in the south and the Bay of Bengal in the east

According to the Geological Survey of India (GSI), the major flood-prone areas cover almost 12.5% area of the country. Some states bear the brunt quite regularly, like West Bengal, Odisha, Assam, Bihar, Andhra Pradesh, Kerala, Gujarat, Uttar Pradesh, Haryana, and Punjab. States like Maharashtra suffer from torrential rains and flash floods.

Inclusions

Fire
Floor Damage

• Damage done to the flooring because of water entering your home

 

Fire
short circuit

• Any damage done because of a short circuit caused by water leakage

 

Fire
Furniture Damage

• Damage to furniture, if your insurance plan mentions personal belongings

 

Burglary & Theft
Structural Damage

Damage done to walls, ranging from the structure to the paint

Burglary & Theft
water leakage

Water leaking from the roof. And not just leakage through cracks and joints, but also structural damage, as stagnant water on the roof can weaken

Exclusions

Wilful negligenceWilful negligence

The insurance doesn’t cover damages caused due to wilful negligence of the owners

Wilful destructionWilful destruction

Damages caused wilfully by the owners are not covered under this policy

Non-disclosure of faultsNon-disclosure of fault

At the time of taking the policy, the insured should provide correct information about the product in a transparent manner.

Manufacturing defectsItems not listed

Any item not listed in the agreement won’t be covered.

Items more than 1 year oldDebris

The policy will not cover debris removal

Loss due to normal wear and tearTime lapse

If you don’t inform about the damage on time

Items more than 1 year oldLapsed Policy

Any damages that occur outside the insurance period are not covered

Why HDFC ERGO?

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Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.
Why HDFC ERGO?

Secured 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.

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Frequently asked questions

The cost of your policy depends on what all you want to protect, and therefore, the premium can vary from one individual to another. The location of your home also plays a big role. If you are more vulnerable to floods, the premium will be more. The structural strength of your house and record of past claims also play a big part.
No, not unless your insurance agent offers a special package. Cars and bikes get easily damaged in floods but they are not part of your home insurance. If your motor insurance has the clause of compensating for flood-damaged vehicles, then only you will get the reimbursement.

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