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
We all know that for most Indians, buying their own home has been a long-cherished dream. But what they fail to realise is that once they’ve made their dream come true, they need to secure it too. With HDFC ERGO Home Shield Insurance for Owners, you can live peacefully knowing that if your home or belongings are ever in danger, we’re ready with a shield to protect them for you.
Short Stay? Long Benefits
Worried your home insurance will go waste? Our insurance plans provide the flexibility to choose an insurance tenure depending on your requirements. It starts from 1 year and goes upto 5 years.
Enjoy upto *45% Discounts
This one is for those who search for value in everything! 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 gives 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, insure them with HDFC ERGO Home Insurance.Stay worry-free!
See what is covered and what is not covered
Portable Electronic Equipment Cover
Secure your electronic gadgets even when you are on the move.
This cover gives you coverage for all portable electronics such as laptop, camera, binoculars, musical equipments; sports gear any other specified item of portable nature. This policy does not cover equipments that are over 10 years old.
🔥 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. Policy excess and deductible should be applicable however that’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 lac 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.
Public Liability
Get a cover upto 50 lakhs for third party liabilities
This cover acts as a safety shield and protects the insured against claims related to third party accidental death, disability or bodily injuries. This does not include insured’s residence employee or domestic staff. Similarly, it covers accidental damage to third party property too.
🔥 You have a neighbor visiting your home and he gets accidentally injured due to a major renovation that’s been undertaken at insured’s premises. We cover for the claims related to the third party’s injury. 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.
Secured Over #3.7 Crore+ Smiles!
Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
1
How will a claim be processed?
Once a claim is registered and requisite documents are submitted, a surveyor shall be appointed by HDFC ERGO to verify details of the claim. On receiving the survey report, the claim amount is determined and paid to the insured. Please note that, an excess under this policy of Rs.5000/- for each and every claim is payable by the insured.
2
Can I increase/decrease sum insured or cancel the policy during the course of the policy tenure?
Increase in sum insured is possible by paying additional premium but decrease is no permitted. Cancellation is possible at the request of the insured subject to retention of premium as per short period scales.
3
Whether this policy is assignable at the time of sale of premises?
The Company shall not be bound by any assignment of this Insurance without prior consent.
4
What is the max period for which this policy can be issued?
Home Shield policy can be issued for a period of upto 5 years. Infact, a long term policy will attract discount varying from 3% to 12% depending on tenure selected.
5
How do I assess the sum insured of my belongings in the apartment/ flat?
New for old basis: When this method is chosen for insuring contents, the item damaged beyond repair will be replaced with a new one or the insurer will pay out the cost for replacement of the item in full, regardless of its age subject to sum insured represent s cost of replacement.
Indemnity Basis: Sum Insured shall be equal to the cost of replacement of the insured property by new property of the same kind and same capacity by deducting proper depreciation from the replacement value of the item.
6
Is there any criteria for buying home insurance?
Your property should be a registered residential premise, construction for which should have been completed.
7
When will my policy cover start?
Your policy cover starts 1 day after you have purchased the policy online.
8
Is it important to have home insurance for owners?
Our home is a one of our most prized possessions. Any loss to it, could lead to a major financial setback. A home insurance policy, can protect you from losses caused due to calamities, fire incident and theft.
9
I have my own house which is now rented to a tenant, which cover should I opt for?
You can cover your home structure in case it is rented out to a tenant. Also, if the house has contents that belong to you, then home insurance for content can also be opted for.
10
What is house owners insurance?
House Owners Insurance is a form of property insurance that covers losses and damages to an individual's house and to assets in the house. It also provides liability coverage against accidents in the house or on the property.
11
What is the difference between occupied and non-owner occupied homeowners insurance?
Owner Occupied home insurance is applicable when the owner is living in the home and covers losses and damages to an individual's house and to assets in the house, a non owner occupied home insurance is applicable for homes where the owner of the home is not living in the home, Investment properties upto four units that an individual buys for generating rental income are considered non-owner occupied properties. Here the coverage is only for the contents of the house.
Real stories from people who love our products.
PRIVATE CAR LIABILITY ONLY
Excellent. I highly recommend this policy for your home
8/3/2021
HOME SHIELD (GROUP)
Good. Happy with the service, process and home insurance policy. Thank you HDFC ERGO
HOME SHIELD INSURANCE
Good service. Impressed with the quick turnaround time for my queries and requests. Would definitely recommend this!
2018-10-11
2023, 2024
2023, 2024
2023
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