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Landslide Insurance 

The need for home insurance is understood by many since the value of a home lies in the peace and security it offers to the residents. However, a typical home insurance doesn’t cover calamities like landslides, which can cause complete destruction of the property. Landslides can be induced by seismic activity, flooding or other factors, but may destroy properties intensively. Landslides often lead to greater socio-economic consequences than other natural disasters, since they usually accompany a series of other natural disasters like earthquakes, floods, hurricanes, and bush fires.

In the year 2013disaster struck at Kedarnath, as a result of Uttarakhand floods causing immense damage to life and property in over 4200 villages. Climate change is also one of the triggers for landslides. With global warming on the rise glaciers are rapidly melting, causing floods and landslides. With climate changes and landslides becoming more prevalent, the properties in risk-prone regions may need to seek insurance covering this grave peril on a priority basis.

Factors Causing Landslide

A landslide is the slipping of land or debris down a slope under the influence of gravity. Landslides can be caused by a number of factors, and ultimately, the land becomes unstable and properties on it get destroyed. In the past, there have been some serious and fatal landslides in India, caused by a number of factors. The Himalayan terrain in north and north-eastern India as well as parts of Western Ghats and Eastern Ghats is prone to landslides especially. Following are some of the known factors that cause landslides:

  • Seismic activities - Landslides can be induced by seismic activities, among other causes. An earthquake shakes up the mountainous terrain and the risk of landslides increases as the intensity of earthquakes increases. In 2015, the Nepal earthquake unleashed around 10,000 landslides that greatly damaged many infrastructures and properties.

  • Flooding due to torrential rains - Heavy rains can cause the soil to become loose and moist, which can lead to mudflow, i.e. a river of mud, and the destabilized land can get trapped in landslides.

  • Flooding due to climate change : Climate change due to global warming can raise the average temperatures in general, causing the glaciers on the top of mountains to melt faster, which can lead to sudden downpours and flooding of rivers, causing landslides.

  • Overgrazing and excessive mountain land use: Overgrazing, construction of roads, excessive mining, and other construction works can cause the soil to loosen and the area to become unstable, making it prone to landslides

  • Bush fires: Bush fires expose the soil when they damage the trees whose roots hold the soil together in place. The area then becomes vulnerable to landslides.


What's Included?

Fire
Fire

Coverage to the structure and the contents of the house

 

Valuables
Valuables

Coverge against damage to the valuables inside the house

Floods
Floods

Damage resulting from any flooding that follows is covered under it

What's Not Included?

Wilful negligence
Floods

Damage resulting from any flooding caused by climate change

Deductibles
Deductibles

Any applicable deductibles as per the policy are excluded

Earnings
Earnings

Loss of earnings or indirect damage of any kind is not covered

Fees
Fees

Fees of architects, surveyors or consulting engineers (in excess of 3% claim amount) won’t be covered

Debris
Debris

The policy will not cover debris removal

Rent
Rent

Loss of rent is not covered

Additional Expense
Additional Expense

Additional expenses due to renting of an alternative accommodation are not included

Lapsed Policy
Lapsed 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 owner of the property with insurable interest can avail home insurance, and by adding the required amount for the coverage of landslides, the home insurance can be made more comprehensive. People having properties in landslide-prone areas should opt for this additional insurance cover.
You can pay through any medium for the home insurance and add the premium for landslides to the same
The value of your home is calculated based on the cost of reconstruction after the calamity has happened. It is not the market value of the property. The reconstruction value is calculated by multiplying the built up area of your home with the construction rate per sq. feet. Using higher quality construction material will also increase the sum insured
The contents inside the home, like durables, furniture and furnishings and other belongings are valued at market value minus their depreciation
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