Category Archives: Home Insurance

Do you need home insurance?


Kapil had a vacation house in the country side. He was distressed to know that some miscreants had broken into his house. Apart from theft, property was also damaged. While he had lodged a complaint with the police , he needed money for repairs of the property. Continuous monitoring of the property was not entirely possible for him as the house was in a remote location. What if property and things get damaged again? Will he have to incur the expenses again?

Primer: All about Home Insurance

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Home insurance policies are offered by general insurance companies to cover your home against risks from natural calamities such as fire, floods, earthquakes, or landslides. Besides, there are various sections of the policy that broadly covers the structure of the house alone, or your belongings, such as jewellery, furniture, electronic appliances, etc, or even both. Some policies also cover your rent expenses if you have to move out to another house because your actual house has been damaged due to any of the covered perils listed by your insurer.

Home insurance cover against theft and damage

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Do you own a house? Ever thought about insuring it? Home insurance, sometimes also referred as homeowners insurance, provides a cover for house property against hazards. Typically, covered elements include losses to your home, its contents, or loss of other personal possessions of the homeowner. Usually, the policy does not cover damages owing to natural calamities. To get an insight into what is actually covered and what needs additional fees, the applicant must meticulously go through the terms and conditions of the lengthy contract.

Getting your home insured? Keep these things in mind

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A home insurance policy, also known as householder’s insurance, is the best bet to safeguard your house because it not only covers the structure of your home but also all its valuable contents from different kinds of perils such as earthquake, terrorism, flood, burglary and house-breaking.

However, if you thought that you have ensured your peace of mind by opting for home insurance, which will take care of the most valuable possession of your life – your house — better do a reality check. Chances are that you may not get compensated adequately (or in some cases not at all) in the event of any mishappening, particularly if you just missed out something before signing on the dotted lines.

HDFC Ergo offers home insurance product online

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NEW DELHI: Insuring your costliest asset is now a matter of a few clicks. HDFC Ergo has extended its online platform to include home insurance.

The company already offers motor, travel, health and personal accident insurance online. The online facility will be helpful for new and existing buyers. One can buy a new policy or renew an existing one through this channel.

Royal Sundaram launch home insurance scheme

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NEW DELHI: Royal Sundaram Alliance Insurance on Tuesday launched a new package ‘Homeshield Classic’ which would provide protection against the risks of terrorism, fire, earthquake, storm, flood, cyclone, burglary and breakdown of applicances.

The Homeshield Classic scheme has three variants — Silver, Gold and Platinum with sum assured ranging between Rs 2.5 and 5.0 lakhs for a premium of Rs 1,000-2,000.

Nepal earthquake spikes demand for home insurance

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MUMBAI: Phones are ringing off the hook at insurance companies and page views have surged at websites offering policies to cover homes and their contents. The earthquake that tore through Nepal on April 25, killing thousands and reducing scores of buildings to rubble has led to a surge in enquiries about home insurance policies in India.

Taking a housing loan: Should one opt for home loan insurance?


Thirty-two-year-old Abhinav Sinha has just got married and is thinking of taking a home loan for a two-bedroom house. The tenure of the loan will be 20 years and Sinha will be paying the EMIs from his income. Though his wife is also a working professional, Sinha is worried that if he were to meet with an eventuality, his wife would be saddled with the responsibility of paying the debt. Should he consider taking a home loan insurance?

Buy adequate health, home & motor insurance to mitigate any financial loss during rainy season: Experts

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The sight of skidded cars and bikes after a drizzle last week was a grim reminder that monsoon is also a season of mishaps and illnesses. Despite knowing this, chances are that you may miss one item in your regular monsoon checklist — insurance covers. You can always take precautions to avoid or minimise the damage, but what if adisaster strikes despite all efforts?

Insuring your home, valuables may be as important as housing loan cover

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Disasters, natural or man made, often serve as a rude reminder about buying insurance covers. Tremors in Delhi caused by the recent massive earthquake in Iran and the building collapse in Mumbra, near Mumbai, were two such incidents. Sure, the issue is a bit complex in the latter case, but it shouldn’t prevent you from thinking about the importance of buying a home insurance cover. Buying adequate insurance cover for your house, particularly if you have a home loan or keep valuable items at home, is the only solution to keep such unpredictable events from ruining your financial stability.