Knowledge Centre

Property Insurance

You invest your lifelong savings to buy a house you can call it your own! However, mere buying it isn’t enough. You need to secure your property from unforeseen risks such as loss due to natural calamities, theft or fire incidents. To protect your property you need to get a property insurance or home insurance for property. Your property remains safely guarded under our Home Shield Insurance Plan. This plan is designed uniquely with affordable premium to let you bask in the glory of protection and safety. To safeguard your finances and protect your property from natural calamities, theft, accidental damage etc we recommend you buy a home shield insurance to cover your property. So that your property remains protected.

Factors Impacting Premium for Property Insurance

  • Location
    If your property is located in a flood prone locality or a location where earthquake happens way too frequently then your premium may slightly be on the higher side.

  • Age and Structure of your Building Matters
    If your property is a bit old and has structural challenges then your premium may be a bit high.

  • Home Security
    If your property has all the security systems in place then there could be low chances of theft hence your premium may go low in such a scenario.
  • Amount of Belongings In contain
    If your property has quite some valuable content which you choose to insure then in that case your premium may be dependable on the value of the content you choose to insure.
  • Sum Insured or Total Value of your Home
    Your property’s total value matters at the time of deciding the premium. If your property’s structure value is high your premium is likely to rise and vice versa. It can also be termed has the market value of your home, because if the market value of your property is high then the sum insured shall also be high.

Reasons cover your Property with HDFC ERGO

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 - Property Coverage?

Fire
Fire

Fire can annhiliate your dream property. 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

NaturalCalamities & Manmade Hazards
NaturalCalamities & Manmade Hazards

If your home gets damaged due to cyclone, earthquake, flood etc we cover you! Also, secure your home against strikes, riots, terrorism, and malicious acts.

Alternate Accommodation
Alternate Accommodation

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

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 ? - Property Coverage

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 maintaince/renovation.

Cost of land
Cost of land

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

Under costruction
Under costruction

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

Optional Cover under Home Insurance for Property Coverage

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.

Frequently asked questions

Yes, we mean to say that if you stay in a building you can get your home secured with our home shield insurance plan. Click here to check premium rates.
Absolutely No, however situations today like natural calamities, fire incidents or theft cases encourage buyers to secure their most valuable asset with a home insurance plan.
It is difficult to say that which home insurance or property cover would be the cheapest. You can check our home insurance premium and suitable plans to get a cover that suits your pocket.
Yes, we secure your home content like furniture, valuables, and portable electronics.
We do cover you for alternate accommodation in case of structural damage to your home, so we cover you for moving and packing, rent and brokerage for alternate stay.
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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