Protect your house from calamities @ just ₹9/month*
Compare and Save
Compare and save up to 28%**
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.

Continue
By clicking on "" you agree to our Privacy Policy & Terms of Use
Get Updates on WhatsApp

Here is Why Every Owner Needs Home Insurance Today

Buying a house is one of the important milestones of our lives. Moreover, to protect the house against unforeseen risks every homeowner needs to get the right insurance cover. You can easily buy a home insurance policy online. Read on to know more in detail the benefits of a home insurance policy and what all it pays off in case of loss or damages.

Read more

Understanding Home Insurance

Home insurance (commonly known as property insurance or homeowner insurance) covers the costs of damages caused due to unforeseen circumstances such as natural calamities, man-made disasters, explosions or smoke, etc. In India, several home insurance companies are offering financial coverage and helping you with legal procedures related to your property. However, with the plethora of home insurance plans and coverage available in the market, you need to know the significance of it.

Why Does Every Homeowner Need a Property Insurance Policy?

Whether you own a house or live in a rented apartment, you can easily buy home insurance online. Here are some basic reasons why everyone should buy it-

  1. Protection of the structure & its content

    Your homeowner insurance provider will compensate you for the damages caused to the home structure due to hurricanes, hail, fire, or any similar disasters. Other than this, it protects your personal belongings/home content, such as electrical appliances, furniture & fixtures, etc., from fire, theft, or any natural calamities.

  2. Protection against third-party liabilities

    A home insurance policy offers liability coverage against property damage and personal injuries caused to a third party because of your insured property. However, the compensation may vary depending on the policy terms & conditions of the home insurance. Moreover, this policy covers the legal expenses if there is a court's intervention.

  3. Financial cover for temporary living space

    If your insured house has undergone some damage and it becomes difficult for you to stay there until it is renovated, the insurer will arrange an apartment. You can reside in a rented house until your own property gets back into shape, and for this insurer pays the incurred expenses. However, the compensatory amount for this is set according to the policy wording.

  4. Offers peace of mind

    One of the prominent reasons why you must obtain home insurance is it offers peace of mind. No one can compensate you for the distress that you might undergo if your precious possession is destroyed or damaged. Property insurance can be a solace for you during such a crisis.

Points to Keep in Mind When Buying a Home Insurance Online

Many people still think a home insurance policy is an expensive deal but it is not true. The benefits associated with this coverage will definitely turn into the best investment. For the best home insurance online, visit the official website of Policybazaar Insurance Brokers Limited, compare, and buy according to your needs & budget.

However, in all of this, here are some pointers that you should keep in mind before making a deal-

  1. Invest in the right property, as the insurers do not entertain claims for illegal or unauthorized construction.
  2. A home insurance policy only covers the home structure and personal belongings. Remember no coverage for the land.
  3. Maintain a record or proof of all the insured belongings or articles. This count will help you at the time of claim settlement.
  4. Tenants can also buy a home insurance policy.
  5. Like any other insurance policy, a home insurance policy also has some exclusions. Therefore, you should read & understand the home insurance policy exclusions as well.
  6. With a standard home insurance plan, you can easily buy add-on covers such as loss of rent cover, temporary resettlement cover, dog insurance, trees & plant cover, etc.

Final Words

In India, there are several types of home insurance plans offered by home insurers. You can buy long-term home insurance that is for 5-10 years and an annual plan. As you can never predict what could happen in the next moment, therefore, depending on your needs & budget, you must opt for a home insurance policy.

Written By: PolicyBazaar - Updated: 10 January 2023
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Home Insurance Articles
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 4103 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 834 Views
Housing society insurance is a one-stop solution for all residential societies against unforeseen damage caused by...Read more
14 Feb 2024 by Policybazaar 885 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 697 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 316 Views
Valuable Content Cover is an optional or add-on cover offered by...Read more
05 Jun 2024 by Policybazaar 157 Views
Personal Accident (PA) Cover is an add-on cover provided by...Read more
05 Jun 2024 by Policybazaar 120 Views
Loss of Rent (LOR) coverage is a significant feature of a home...Read more
09 May 2024 by Policybazaar 241 Views
A sum insured in home insurance refers to the maximum payout...Read more
18 Apr 2024 by Policybazaar 316 Views
In home insurance, it is essential to know the differences...Read more
16 Apr 2024 by Policybazaar 304 Views

Reviews & Ratings

4.4 / 5 (Based on 120 Reviews)
(Showing Newest 10 reviews)
Virendra
Bokaro, July 26, 2022
Coverage for natural calamity
I was looking for an insurance policy that provides me coverage for natural calamity. Since my house is located near a river and it floods my area in the rainy season. So i went on the Policybazaar website and particularly look for this coverage found the exact plan that provides this coverage.
Sunil
Bilaspur, July 26, 2022
Premium Calculation
I was looking for a home insurance policy online. I stumblled upon the Policybazaar website and it is one of the best online platforms to purchase home insurance policy. I learned about the insurance plan i wanted to purchase and after choosing the plan and add ons i could calculate the premium using their online premium calculator. Thanks Policybazaar.
Manish
Bikaner, July 26, 2022
Natural Calamity cover
I have recently purchased a flat and wanted to cover it with a home insurance policy. I was aware of the Policybazaar website so i thought i should give it a try. I went on their website and as i wanted to cover my flat with a natural calamity cover specifically i searched for it and without wasting a minute it showed me the natural calamity coverage.
Mohit
Amritsar, July 26, 2022
Enough coverage
I was looking for a home insurance plan online. I was fed up as i have to visit different websites to look for a single suitable insurance plan. However, i stumbbled upon Policybazaar website where i was able to find the right insurance plan that could provide me enough coverage.
Sahil
Bareilly, July 26, 2022
Nice customer service
I wanted to purchase a home insurance policy and a friend of mine suggested to purchase it from Policybazaar. I bought the policy and after that i had a confusion regarding exclusions so i called up Policybazaar customer care and they cleared out the confusion and i loved their customer service.
Jitendra
Ajmer, July 26, 2022
Qiuck claim
I purchased a home insurance policy recently. However, due to a natural calamity, my house was damaged as the pressure of the water because of flood broke the enterance door of my house. But the insurance plan that i bought got me covered and i as able to get the quickest claim possible.
Prashant
Delhi, July 26, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension free now.
Sharad
Kolkata, July 26, 2022
Wide coverage
The home insurance plan that i purchased from policybazaar's website is a great plan that provides me coverage for not only the structure but also cover several expensive content of the home such as paintings, mobile phones, laptops, television, etc.
Ravi
Ahmedabad, July 26, 2022
Suitable insurance plan
I purchased the group health insurance policy from Policybazaar website. First of all, i did not have to wander much online while lookig for a home insurance plan that fits my requirement and i found the suitbale home insurance plan by comparing different plans on the website.
Yashashvi
Amritsar, June 09, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension-free now.
  • 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