Does Your Home Insurance Policy Cover Landslides?

Posted on: Sep 9, 2021 | 3 mins | Written by: HDFC ERGO Team

Does Your Home Insurance Policy Cover Landslides?

Are Landslides Covered Under Your Home Insurance Policy? - Home insurance

You might have already equipped yourself with many insurance policies to protect your and your family's future. However, some of the covers in an insurance policy are not mandatory for all. Yet it can prove to be quite essential for you. One such cover is the case of landslides in Home Insurance. Now you might be wondering which house insurance policy covers landslides, right? As landslides are caused due to the earth's movement and are excluded explicitly from coverage, it is completely understandable to feel at loss. So let's clear your doubts regarding coverage against landslides and their importance.

Does Your Home Insurance Cover Against Landslides?

Unfortunately, the answer is no. The damage that is directly caused by landslides is never covered under the house insurance policies. A strict note in all policies states that any kind of damage caused due to the earth's movement won't be covered by property insurance.

Insuring disasters like landslides become pretty arduous for the insurance companies because of their infrequency along with the extensive damage caused by them. Hence, in case you want to insure your house against landslides then you require a Difference in Conditions policy (DIC). But this policy is not essential for all. It is only for you if you live in the region where landslides occur frequently.

Why Do You Need Landslide Insurance?

Insurance policy for landslides is not compulsory for all of you as the disaster does occur often without any notice. However, if you reside in quite high risky areas you might want to get insurance for safety. Some of the reasons that you must get a landslide insurance policy are as follows:

1. Infrequent Disasters -

As landslides are infrequent and you might not be prepared for them.

2. Socioeconomic Problem -

You might be exposed to serious financial risk.

3. Mentally Draining -

The cost of the destruction caused by the disasters will affect your mental health as well

4. DrainageOf Your Money -

Your hard-earned money will be lost.

Benefits of Landslide Insurance:

For gaining the benefits, you must get the Difference in Conditions policy (DIC) for the safety of your future. This policy is especially for the cases which are not covered under the commercial insurance. There are several benefits that you might get from landslide insurance and they are as follows:

1. Safeguards Your House Beyond Structure -

A house insurance plan will initially protect the structure of your home from the destruction caused by the natural calamity like landslides.

2. Financial Security -

As landslides come uninvited it might get you into a tremendous financial problem if you haven't got any insurance policy. So getting one might save your money.

3. Aid and Relief -

As facing such a disaster is already a kind of trauma for you. Having a protection shield will help you against your financial issues.

What is Covered?

In case you are considering insuring your house against landslides then you must be aware of its coverage pack for a better understanding of the insurance. Under the coverage of this insurance policy, several things are covered. Some of the covers are as follows:

1. Natural Calamities -

Natural disasters such as landslides, floods, and many more natural disasters might affect your house. You can keep it financially secured by getting a protection shield.

2. Fire and Accidental Damage -

Sometimes accidental damage or fire might annihilate your home. Getting a coverage policy will build up your house once again.

3.Valuables -

Coverage for your precious jewelry and valuables inside your home during the calamity.

4. Floods-

Damage caused due to the flooding that happens during or after the landslide

Conclusion

Life is always about risk. However, you can ensure your safety with the help of Home Insurance. For the coverage of a unique situation like a landslide, you need to apply for DIC, a coverage for natural calamities which are usually not covered under the commercial policy. If you are searching for house insurance that covers landslides, you can opt for HDFC ERGO's Home Insurance. It offers you a convincing and affordable premium and is easy to claim. If you feel the need for such an additional layer of protection and haven't signed up yet, what are you waiting for?

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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