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
Our homes are our sanctuaries and for most of us, one of the largest investments we will ever make. A house is not just built with bricks, stones, and mortar; lots of love, sweat, and emotions go into the making. We design and decorate every corner of our home with utmost care and affection. We invest time and money in filling our spaces with artefacts and valuables that speak to our character and reflect our thoughts. When so much effort goes into creating the house of our dreams, why compromise on its safety? Secure your haven with a comprehensive home insurance plan. Contrary to popular belief, comprehensive home insurance is not an expensive purchase. The Home Shield insurance policy offered by HDFC ERGO protects you and your house from all possible hazards that may hover over you, whether it’s a brush with a natural disaster or any malicious activity that damages your home and its contents. Read on to learn more about Home Shield.
Listed below are the features of the Home Shield Insurance:
Anyone can buy Home Shield Insurance | Any homeowner planning to secure their dear home or its content, Any tenant who wishes to protect his belonging can invest in home shield insurance. |
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Coverage against Man-made and natural disasters | The Home Shield insurance is a shield against the losses and damages incurred by natural and man-made disasters that may otherwise leave irreparable scars on the home |
Covers structure as well as contents | The structure of the house, along with the valuable contents inside the house, are covered. Necessary compensation is offered in case of damages and losses |
Insurance as per the market value | The Home Shield Insurance gives you an option to Protect your house as per the current market value of the house. |
Optional coverage | Choose from a wide list of add-ons to enhance the coverage of your plan. |
Check out the striking features of the home shield policy given in the table below:
Home insurance for owners & tenants | Not just homeowners but tenants can also purchase home shield plans. To protect your valuable contents in the house, investing in home shield insurance can be a wise decision |
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The policy covers more than just the building, wide-coverage, optional coverage | Home Shield insurance covers not only the building and its valuable contents but also much more. In times of grief and loss to your home, it is the benefit of home insurance that you can have much-needed mental peace and a safe alternative accommodation without any hassle. Also, you need not worry about the losses to the contents as the insurer is there to compensate for the losses |
Makes life easier | Life becomes easier when you have an insurance policy that covers one of the most essential possessions: your home. Mishaps and uncontrolled events are a part of life, but you always have the option to be ready to fight against such odds. |
Peace of mind | A home is one of the dearest possessions for anyone. Having a shield of comprehensive coverage for your home gives you peace of mind. While you may not always be able to avoid certain mishaps, protection against such damages keeps you off hefty expenses and, thus, gives you peace of mind |
Helps in rebuilding | Rebuilding a home after a mishap can wipe off a huge chunk of your savings. However, when you have comprehensive home insurance, you no longer have to worry about it. Your insurer will compensate the reconstruction cost as per sum insured. |
Bharat Griha Raksha and Home Shield policies are both home insurance plans. Check out the striking differences between the two:
Bharat Griha Raksha | Home Shield Insurance |
|---|---|
Bharat Griha Raksha is a standard policy announced by IRDAI | Home Shield Insurance is a home insurance policy introduced and offered by HDFC ERGO |
This plan is offered by all the general insurance companies as per the rules of IRDAI | The plan is only offered by HDFC ERGO |
BGR may have limited add-ons to offer, like alternate accommodation costs, terrorism cover. | Home Shield Insurance has a range of add-ons to suit specific needs like: |
See what is covered and what is not covered
If you opt for a long-term home insurance policy, you can enjoy the following policy premium discount:
Policy Tenure | Premium Discount |
|---|---|
2 | 3% |
3 | 6% |
4 | 9% |
5 | 12% |
home insurance policy is nothing less than a need for your home. Gone are the days when there was a misconception that home insurance was a sign of luxury. With the coming of affordable premium rates of home shield insurance, comprehensive coverage, and an easy purchasing process, home insurance is now accessible to everyone.
HDFC ERGO offers a competitive premium rate and coverage, so more people can invest in it. Whether you are a tenant or a homeowner, there is a customisable plan for everyone. Mishaps, natural calamities, and burglaries can seriously impact not just the home but your mental peace as well. To stay protected against such events, it is a wise decision to invest in a home insurance policy.
Here is how you can purchase home shield insurance online:
To continue availing the benefits of home insurance, you must renew it on time. Here is how you can renew your home insurance:
Here is the list of documents required at the time of claim settlement process:
A. Duly filled claim form by the policyholder
B. Property documents of the flat/apartment, if the insured building is a flat or apartment
C. Documents and proof related to the mishap. This may include:
i. Fir copy
ii. Fire brigade report
iii. Policy investigation report
iv. Legal notices, if any
v. Repair estimate
vi. Repair bills
vii. Proof of tenancy
viii. Rent agreement papers
ix. Bank account details
x. Certificate by the architect declaring the building as inhabitable in case of total loss
xi. Bills of repairs, if any
D. The insurance company may ask for any other documents if required.
Once you have planned to invest in home shield insurance, have 360-degree knowledge of the plan. For this, you may contact an executive at HDFC ERGO. Also, go through the home shield policy wording before proceeding. Once you have a thorough idea of the home insurance plan, you can make informed decisions regarding your home.
1
What is Home Shield Insurance?
Home Shield insurance is a comprehensive home insurance policy that offers you coverage for your house and its contents. Whether you are a house owner or a tenant, investing in Home Shield plans by HDFC ERGO can be a wise option.
2
What does Homeshield cover?
The coverage of the Home Shield policy depends on your preference. If you are a tenant you can go for protection of the contents of the house. However, if you are a homeowner, you can go with the coverage for the structure/ building or the contents or both.
3
Will the Home Shield Policy get automatically renewed?
As a policyholder, you will be required to pay your premium to continue with the coverage. With the Home Shield Policy, you can choose a multi-year policy of up to 5 years and save yourself from the hassle of yearly renewal. Buying multi-year house shield insurance can also get you a premium discount of up to 12%. home secured with our home shield insurance plan. Click here to check premium rates.
4
Who can avail of the Home Shield policy?
A tenant or a house owner are both eligible to invest in the Home Shield plan. You might live in a bungalow, a flat, an apartment, or a villa, and you have the freedom to buy coverage for the building, contents, or both.
5
What is the term duration of the Home Shield policy?
Typically, the term of the Home Shield policy is one year. However, with HDFC ERGO, you can choose a multi-year policy of up to 5 years.
6
What is the maximum sum insured under this policy?
The sum insured under the Home Shield policy depends on the value of your house or the contents you wish to insure.
7
On what grounds can the renewal of the policy be rejected by the insurer?
There are several reasons that your request for Home Shield policy renewal might be rejected. If you have not paid your premium timely, you have provided false information about the house, have raised a false claim, or have caused intentional damage to the insured items; the insurance company may reject your renewal application.
8
Is Home Shield policy better than BGR?
When it comes to having comprehensive house insurance, HDFC ERGO is one of the best choices for homeowners as well as tenants. It depends on the policy buyer to choose the policy that best suits their needs. So, the best home insurance may differ for different people.
9
Why is Home Shield more expensive than BGR policy?
Home Shield Insurance is a comprehensive building insurance and offers a wide range of coverage for not just the home but contents inside it as well. On the other hand BGR is a standard policy. The premium of the policy depends on the extent of coverage you opt for.
10
What is the maximum policy period under Home Insurance?
The maximum period of time till you can get your home insured is 5 years.
11
Do I need to pay a premium in advance for a multiyear policy, i.e. policy period of more than 1 year?
Yes. For a multi-year home insurance plan, you need to pay the premiums for the total tenure in advance. You can check the premium payment terms with the insurance company at the time of purchasing the policy.
13
What will be the start date of my insurance policy?
The start date of the home insurance policy is mentioned in the policy documents. Usually, the policy issuance date is the start date of the policy. In case your home is under construction, the policy start date will be the possession date of the home.
13
What are the eligibility criteria for availing of a Home Shield Insurance policy?
Anyone who is willing to insure their home can purchase home shield insurance. Homeowners as well as tenants can invest in it.
14
Can I purchase a Home Shield policy online?
Yes. You can purchase the home shield insurance online without any hassle. On the official website of HDFC ERGO, you can choose the plan. Fill and submit the form along with required documents and make the payment to complete the online purchase process. For any query or help, you may contact HDFC ERGO and an executive will guide you through the steps.
15
What are the discounts on long-term Home Shield policy?
Buying a long-term or multi-year policy saves you from the trouble of annual renewals. Apart from this, you can also get discounts on the premium. A 2-year policy gets you a discount of 3%, while a 5-year policy can get you 12% off.
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