We all know that for most Indians, buying their own home has been a long-cherished dream. But what they fail to realize 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.
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 up to 5 years.
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.
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.
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.
Just as fire can't crumble your spirit, we will ensure that it doesn't damage your belongings.
A burglary can threaten to turn your life upside down. We cover loss due to theft and burglary.
Without our machines, we find it hard to function. So, we assure you that we'll cover for the damage caused.
Did you know that 68% of India's land is prone to drought, 60% to earthquakes, 12% to floods, and 8% to cyclones?.
Protect your belongings from damages caused due to strike, riot, and malicious acts.
Accidentally damaged your expensive glass fittings? Don't worry– we've got you covered for accidental damages.
Loss and/ or damages arising out of situations such as war, invasion, act of foreign enemy, hostile are not covered.
Loss of bullions, stamps, work of art, coins etc. will not be covered
We understand that all your precious possessions hold emotional value but anything that's over 10 years old will not be covered.
Consequential losses are losses that are not the natural result of the breach in the usual course of things, such losses remains uncovered.
We ensure that your unforeseen losses are covered, however if there's any case of willfully done damage to your property, that remains completely out of the coverage scope of policy.
Any damage caused to your property due to third party construction is not covered.
Portable Electronic Equipment Cover
Secure your electronic gadgets even when you are on the moveThis 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 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 we cover any damage to the static exercise cycle as well as your pedal cycle with or without gear from 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
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.
While a Home owner can opt to cover both Building and Content, a tenant can only opt to cover his home belongings.
Increase in Sum insured is possible by paying additional premium but decrease is not permitted. Cancellation is possible at the request of the insured subject to retention of premium as per short period scales.
The Company shall not be bound by any assignment of this Insurance without prior consent.
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.
Your policy cover starts 1 day after you have purchased the policy online.