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Celebrate the Festive Season Free from Worry: Get Home Contents Insurance Today!

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Published on October 07, 2021. EST READ TIME: 3 minutes

The old saying goes, “home is where the heart is”. In the modern context, it can translate to that a home is built with people, memories, possessions and belongings; regardless of whether it is owned or rented. Hence it is imperative to safeguard your home from unforeseen and unannounced disasters or mishaps.

What is home content insurance

Home contents insurance is the most powerful and potent tool for the protection of your belongings from natural or human inflicted disasters and hazards. By owning a comprehensive home contents insurance coverage like the one offered HDFC ERGO, you can safeguard your personal possessions upto Rs. 25 lakhs* without having to share any detailed list of specific items in your home.

Difference between home insurance & home content insurance

While both the home insurance and home contents insurance provide safety and security in case of natural or human inflicted accidents and calamities, the purpose of home insurance is primarily to cover damages to the structure of the home. This is applicable for home owners only, with the home being registered under their name. Insurance for belongings and other contents, however, can be purchased by both owners and renters to safeguard their personal belongings. In the subsequent sections we will examine what all is covered under the umbrella of home contents insurance.

What is covered in home content insurance

The right home contents insurance policy should provide cover for the following hazards, at the minimum:

• Fire Damage

• Burglary or Theft

• Natural Calamities

• Riots or Acts of Violence

• Accidental Damage or Breakage

Home contents insurance from HDFC ERGO covers all these risks and also provides additional option covers, like Portable Electronic Equipment Cover, Jewellery & Valuables Cover, Pedal Cycle Cover, and Coverage against Terrorism as well.

Based on the type of coverage (and options) chosen, typically, the kinds of contents which are covered include:

• Furniture and fixtures

• Electronic Equipment

• Jewellery & Valuables

• Portable electronics

• Pedal cycle

Benefits of home content insurance

While the benefits of the appropriate home contents insurance are obvious, let us briefly mention some of them.

Wide Coverage from a multitude of risks. Whether natural calamities like fire, earthquake or human related acts of violence, breakage, burglary and theft; having robust coverage protects your precious possessions from all these and several more threats.

Variety of items at your home is covered by a comprehensive insurance plan. Opting for the relevant additional covers, helps you cover the loss or breakage of those possessions as well which might not be at the home. For example, using the portable electronics cover you can protect your laptop even if it meets with an accident while travelling somewhere. Similarly, you can protect your jewellery and other valuables as well.

Coverage for renters was, typically, a lesser known and less prevalent type of insurance coverage. Most people assume that home insurance is valid only for the home structure, hence applicable for the home owners. However, people living in rented accommodation also have the right and privilege to safeguard their belongings using home contents insurance.

Conclusion

Home contents insurance is a very effective instrument in protecting your valuable possessions against a variety of threats. Choosing the right coverage and appropriate optional covers is the key. While there are many insurance providers in the market, you need to carefully read the list of inclusions and exclusions. You should also look at their claim processing timeline and disbursal efficiency. Moreover, you should also compare to find the best coverage at the most reasonable price, including deals, offers and discounts. For example, by choosing the HDFC ERGO Home Contents Insurance you can avail upto 45% off on premium^.

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

*Content sum insured may vary as per structure value. ^Discount may vary as per coverage opted

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