3.7 Crore+
Happy Customers
Covers Home Structure
Worth upto ₹10 crore
Attractive Discounts
Up To 45%* Off
Covers Home Belongings
Worth upto ₹50 lacs
If you have invested in a building, then you have made a wise choice. However, do note that it is not immune to the potential risks of damage or loss caused by thefts, natural calamities, man-made disasters, fire accidents, etc. To secure your building against such mishaps, you need to invest in building insurance. It is a policy that protects your building structure, including roofs, floors, walls and permanent fixtures, and its contents against a variety of perils. Its financial cover helps pay for the necessary repairs and replacements for damages/losses caused by any insurable peril without draining your pocket. Besides homeowners, renters can also buy building insurance to secure their home contents within the building they reside in.
With building insurance from HDFC ERGO, you can get coverage of up to INR 10 crore for your home structure and up to INR 25 lakhs for home contents. You can even enhance the coverage benefits with building insurance add-ons.
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The following table highlights some of the key advantages of investing in building insurance:
Benefits | Details |
|---|---|
Wide range of security | With building insurance, you can get coverage for both the building structure and/or its contents. |
Tons of perils covered | The coverage under the building insurance policy includes a wide variety of perils, including natural & man-made calamities, burglary & theft, electrical breakdown, fire damage, accidental damage, etc. |
Flexible coverage | With building insurance, you get the benefit of flexible coverage. Besides covering the building structure and/or its contents, you can include add-ons to enhance its coverage scope. |
Uninterrupted living | If the insured building becomes unfit for habitation due to a covered peril, then the policy may help cover the cost of alternate accommodation/temporary living expenses. Subject to policy terms and conditions. |
Financial safety net | Building insurance offers financial coverage for the repair/replacement of damage/loss to your building due to an insured peril. It minimises out-of-pocket expenses and protects your personal finances. |
Peace of mind | As a building owner/tenant, you can enjoy peace of mind knowing your home is financially secured against fire damage, burglary, natural calamities and other perils. |
When it comes to coverage types offered under building insurance, it can be categorised into three sections. These sections are as follows:
● Coverage type 1:
You can invest in a building insurance that offers coverage for both the building structure and the contents of the home.
● Coverage type 2:
You can invest in a building insurance that offers coverage for either the structure of the building or the home's belongings.
● Coverage type 3:
You can invest in a building insurance that offers coverage for the home structure and/or its contents, and pick the necessary add-ons, like jewellery & valuables cover, portable electronic equipment cover, etc., to widen the coverage scope.
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
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
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
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...] (/home-insurance/building-insurance#)
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.
1
Is Building insurance same as home insurance with HDFC ERGO ?
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
2
Is it illegal to stay without home or building insurance ?
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.
3
Where can I find cheapest building insurance or home insurance ?
It is difficult to say that which home insurance or building cover would be the cheapest. You can check our home insurance premium and suitable plans to get a cover that suits your pocket.
4
Do you also secure the content in building coverage of home shield cover?
Yes, we secure your home content like furniture, valuables, portable electronics.
5
If anything happens to my building and I am not able to stay in it will you give me alternate accomdation ?
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.
6
I want to secure my paternal/maternal property under home insurance can I do that, it’s not on my name though?
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.
7
Which type of property does HDFC ERGO secure?
You can insure individual residential premises. As a tenant you could cover your home belongings.
8
Which type of property is not covered in home insurance?
Property under construction cannot be covered under Home Insurance. Also, Kutcha construction is not be covered.
9
Will the company pay for debris removal during the reconstruction of the property? If yes how much?
Sum Insured affixed for Removal of Debris is 1% of claim amount.
10
Do I need a police FIR for filing a home insurance claim?
In case of a Burglary claim an FIR is a mandatory requirement.
11
How will HDFC ERGO value my home contents?
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.
12
Our gas cylinder blast, will this damage be covered under home insurance?
Fire due to blast in gas cylinder will be covered under Home policy.
13
How do I know if the home insurance coverage is enough?
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.
14
Due to a fallen treat my windows got shattered will that get covered under my home insurance policy?
This is covered under Home Shield insurance policy
15
If a driver rams his car on my home will that be covered under my home insurance policy?
This is Not covered under Home Shield insurance policy
16
How do I make changes in my home insurance policy details after receiving the policy documents?
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
17
What is the difference between home insurance and property insurance?
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.
18
How is home insurance beneficial?
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
19
Do I need home insurance if i am renting?
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.
20
If number of people share an apartment, can each one have a separate home insurance?
Yes each one of them can have a separate home insurance for their part of asset.
21
What is the limit of insurance on a building?
The sum insured limit of a building is always fixed by the insurer when you buy a policy. It is the limit an Insurer's is liable to pay under a policy. It is the amount on which the rate is applied to determine the premium payable for the insurance. The sum insured usually represents the actual value of the property to be insured. This value might differ from one insurer to other depending on various factors. The HDFC ERGO's home insurance plans cover home structures and contents up to Rs 10 crore with useful add-on covers like loss of rent, alternate accommodation expenses etc.
22
What is insured value of building?
The insured value of a building is the actual value of the property. You can secure your building maximum for a sum insured of the actual value.
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