Protect your home with Insurance @ just ₹18/month*
Compare and Save
Compare and save up to 25%**
Bank-approved policy copies
Bank-approved policy copies
No paperwork
No paperwork
Instant online policy issuance
Instant online policy issuance
Name

So that we know what to call you.

Name

We'll send your policy copy & important updates to this number.

View Free Quotes
What are you looking for?
View plans
By clicking on "" you agree to our Privacy Policy & Terms of Use
Get Updates on WhatsApp
Only Policybazaar certified experts will assist you

Differentiating Home Structure Insurance and Home Content Insurance

To fulfill the various needs of every customer, insurance companies and leading banks in India offer multiple types of Home Structure Insurance as well as Home Content Insurance policies. These various types of home insurance policies help customers to understand the need of the insurance policy and choose the right policy according to their requirements.

Read more

However, there are a few questions that might come to your mind while choosing one like- do these policies offer similar coverage? Are they different from each other and so on?

With this in mind, we are going to clear your doubts about Home Structure Insurance Policy and Home Content Insurance Policy. If you have any kind of confusion regarding these two policies, the same can be resolved if you go through this article.

While purchasing Home Insurance, most of the time people chose the combo of Building and Content Insurance. However, it is not necessary and you can go for either of them as per your preference. So, if you’re planning to purchase any one of them, understanding them separately will make your decision-making easy.

What’s Home Structure Insurance Policy?

As the name suggests, Home Structure Insurance Policy protects the structure of your home from any kind of perils. In addition to this, the policy also covers any permanent fixtures within the house like the kitchen and bathroom fittings, ceiling/roof of the insured home.

Life is unpredictable and having said that it does not mean you cannot be ready and have a back-up plan for any kind of emergency or mishappening. You put everything to build your dream house, so protecting it from any kind of damage is not only your responsibility but also your duty. So, let us tell you about the damages covered by Home Structure Insurance Policy, which are:

  • Damage caused by fire, explosion, thunder strikes, short circuits leading to heavy fire, storms, flood or earthquakes.
  • Damage by vehicles
  • Burglary, forced entry
Home insurance

After 2020, nothing seems impossible. The Pandemic has shown us that life is uncertain and we have to be ready for the worst of situations possible. The Kerala floods, Amphan cyclone did their worst to destroy thousands of houses. This is where Home Structure Insurance comes for your aid. With a small monthly investment, you will be getting the assurance that any damage caused to your home structure will be reversible.

As of now, you know what is covered under the Home Structure Insurance Policy. However, there are some exclusions from this policy and they are as follows:

  • Loss of cash
  • Loss or damage caused by war, invasion, the act of foreign country
  • Any pre-existing damage
  • Loss or damage caused by Nuclear war
  • Earth’s movement, Damage occurred due to volcanic eruption is not covered in many cases

Decoding Home Content Insurance Policy

It is an insurance policy that provides coverage to the contents of the home against loss or damage by theft, fire, explosion, lightening, also in the event of burglary, flood, water leakage, storm.

This insurance policy covers household items belonging to you and to family members who live with you. These contents include clothes, jewelry, furniture, electrical items.

Types of Home Content Insurance Policy

Moving on to the types of Home Content Insurance, First, ‘As new’ or ‘New for old’, this policy covers the reimbursement for the cost of repair in case of damage or loss. However, in case of theft, the reimbursement will be sufficient to buy the similar new item. The items covered under Content Insurance Policy vary from company to company. For example clothes are not usually covered in this form of insurance.

Second is Indemnity Policy, which makes compensation payments after considering the wear and tear or depreciation in value of the content, meaning it will provide you with the current value for the content but not the price you paid when you bought that content.

How Much Content Insurance Do You Need?

The insurance experts state that most of the time the customers don’t get the right value for their content at the time of claim. It is important to note that while getting your claim settlement, the maximum amount your insurance policy will reimburse, does not exceed the sum insured. Therefore, to get the right insured amount for your content, you should keep a record of all your contents and their values. There is one more option where you can extend your policy to avail additional cover. But it comes with a cost of extra premium

To Conclude!

Buying a home is one of the prized possessions where you invest your hard-earned money. So, it becomes a foremost responsibility to protect the dream house and the content inside the house, which again come with a cost. And there is no better option than buying home content insurance or home structure insurance. Just make sure you get the policy as per your requirement. You can even buy it online from the comfort of your home by approaching the insurer directly or an aggregator website and get the best deal.

Home insurance
Written By: PolicyBazaar - Updated: 30 September 2021
Disclaimer:The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Home Insurance Articles
Housing society insurance is a one-stop solution for all residential societies against unforeseen damage caused by...Read more
14 Feb 2024 by Policybazaar 2710 Views
Buying your dream house can be one of your most significant investments in life, for which you might avail of...Read more
21 Sep 2023 by Policybazaar 7511 Views
Purchasing a home is one of the most financially sound decisions one can make. Any decision taken in a hurry might...Read more
07 Feb 2024 by Policybazaar 2649 Views
Common Inclusions and Exclusions of Home Insurance Policy In India, several insurance companies are offering various...Read more
05 Apr 2022 by Policybazaar 3304 Views
Owning your dream house is one of the significant milestones in a lifetime. Remember, your home is not merely a...Read more
30 Jan 2024 by Policybazaar 2202 Views
A home insurance policy plays a significant role in insuring the structure of your house,supporting structure, the...Read more
21 Apr 2022 by Policybazaar 3153 Views
A sum insured in home insurance refers to the maximum payout amount an insurance company agrees to pay in the...Read more
18 Apr 2024 by Policybazaar 1455 Views
Natural and man-made threats like floods and theft aren’t uncommon in India; causing a serious setback to your...Read more
28 Feb 2022 by Policybazaar 1820 Views
In home insurance, it is essential to know the differences between two major aspects: Loss of Rent Cover and Rent...Read more
16 Apr 2024 by Policybazaar 1251 Views
Buying a home is the dream of all, and if you are among those who have one should protect it and its contents...Read more
08 Jul 2021 by Policybazaar 3099 Views
Having a home of their own is a significant milestone in one's life. However, with the rapidly increasing prices...Read more
15 Feb 2024 by Policybazaar 1355 Views
The real estate market might be booming at a time or facing a dip at others – but what remains true at all times...Read more
08 Feb 2022 by Policybazaar 2830 Views
Personal Accident (PA) Cover is an add-on cover provided by Bharat Griha Raksha Policy to the policyholder and...Read more
05 Jun 2024 by Policybazaar 993 Views
Loss of Rent (LOR) coverage is a significant feature of a home insurance policy for landlords. This additional...Read more
09 May 2024 by Policybazaar 1229 Views
Building collapses can be devastating for the builders as it requires a huge investment. We get to hear news about...Read more
02 May 2022 by Policybazaar 2768 Views
Valuable Content Cover is an optional or add-on cover offered by...Read more
05 Jun 2024 by Policybazaar 1298 Views
Personal Accident (PA) Cover is an add-on cover provided by...Read more
05 Jun 2024 by Policybazaar 993 Views
Loss of Rent (LOR) coverage is a significant feature of a home...Read more
09 May 2024 by Policybazaar 1229 Views
A sum insured in home insurance refers to the maximum payout...Read more
18 Apr 2024 by Policybazaar 1455 Views
In home insurance, it is essential to know the differences...Read more
16 Apr 2024 by Policybazaar 1251 Views
Having a home of their own is a significant milestone in one's...Read more
15 Feb 2024 by Policybazaar 1355 Views
Housing society insurance is a one-stop solution for all...Read more
14 Feb 2024 by Policybazaar 2710 Views
Purchasing a home is one of the most financially sound decisions...Read more
07 Feb 2024 by Policybazaar 2649 Views
Owning your dream house is one of the significant milestones in...Read more
30 Jan 2024 by Policybazaar 2202 Views
Getting home insurance is like giving your house a financial...Read more
05 Jan 2024 by Policybazaar 1022 Views
Buying your dream house can be one of your most significant...Read more
21 Sep 2023 by Policybazaar 7511 Views
Have you ever wondered if the color of your room affects your...Read more
02 Mar 2023 by Policybazaar 2249 Views
Vastu Shastra refers to the science of architecture. It uses...Read more
28 Feb 2023 by Policybazaar 2159 Views
Bharat Griha Raksha Policy is a standard home insurance policy...Read more
27 Feb 2023 by Policybazaar 17 Views
The majority of the population in India does not understand the...Read more
17 Jan 2023 by Policybazaar 1964 Views

Reviews & Ratings

4.7 / 5 (Based on 99 Reviews)
(Showing Newest 10 reviews)
Surendra
Delhi, February 05, 2025
Good Price
I had purchased Bajaj Allianz home insurance, and when there was damage to home equipment due to an electric spark, these damages were covered by the insurance. Got insurance at a good price.
Naresh
Muzaffarnagar, February 02, 2025
Best Deal
I never thought home insurance could be affordable. With Policybazaar, I could compare multiple insurance plans on a single platform. I am glad I got the best insurance plan at a very good deal.
Nalin
Begusarai, January 30, 2025
Easy Renewal
I renewed my home insurance through Policybazaar. Initially, I was unsatisfied with my previous insurer, but my experience with Policybazaar has been good. Very satisfied with their services.
Abhimanyu
Gridi, January 29, 2025
Good Experience
PolicyBazaar has made comparing policies easy, and its agent explained the features clearly. Really happy with my experience of getting a home insurance policy.
Prateek
Patna, January 27, 2025
Expenses Covered
With HDFC ERGO home insurance, I could cover my expenses when our building caught fire. Luckily, no one was hurt.
Dhruv
Jamshedpu, January 24, 2025
Easy Process
Thank you, Policybazaar, for helping me to get the claim approved for my home insurance. Your process was very easy.
Vihan
Etawa, January 21, 2025
Big Help
I had purchased a new flat by taking a home loan. However, after paying the second EMI, there were some issues with the water pipeline, and it burst. The house's walls were damaged, and home insurance through Policybazaar helped me get a claim for my loss.
Ishaan
Lucknow, January 20, 2025
Stress-free process
Exploring different home insurance options felt overwhelming, but PolicyBazaar simplified everything. Their platform helped me compare plans quickly. The team answered all my queries, making the process stress-free.
Kshitiz
Lucknow, January 18, 2025
Easy Process
Thank you, Policybazaar, for helping me to get the claim approved for my home insurance. Your process was very easy.
Rahul
Patna, January 17, 2025
Stress-free process
Exploring different home insurance options felt overwhelming, but PolicyBazaar simplified everything. Their platform helped me compare plans quickly. The team answered all my queries, making the process stress-free.
  • Disclaimers+

    #Savings of 28% are based on the comparison between the highest and lowest premiums for a pucca building with sum insured of >₹ 1 crore at Delhi, for property age less than 5 years and policy term of 11 years.

top