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Home Insurance During Floods

Of late floods have become quite common in the Indian subcontinent and causes immense damage to life and property every year. During floods and even afterwards, victims may need medical attention/critical care that may be funded by the government. A flood insurance policy is not very popular in India though the country is quite prone to this natural calamity.

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Most policies provide protection against damage to the property caused by the flowing of flood water into the house. There are a number of policies available that you can select to find the one that is most suitable.

Advantages of opting for home insurance policy in the case of floods:

In the Indian context, the insurer stands at an advantageous position since he will receive compensation for the property that has been damaged by rain/flood etc. Under a flood insurance policy, you can also get a cover for personal belongings. Anyone in such a scenario will not be required to pay for the replacement of all his belongings. Victims of flood would be required to pay a minimal amount on account of the deductibles. The details of deductibles would have been decided right at the time that the policy was obtained.

Your property can be protected under a number of flooding events like:

  • River floods- River or fluvial flood is caused when excess water accumulates exceeding the capacity of the river. Damage can be widespread as this overflowing spreads to the nearby areas.
  • Surface floods- Excessive rainfall leads to flooding any area and this might occur independent of a nearby water body.   
  • Coastal floods- Coastal or surge floods are caused when there is an extreme tidal condition. The nearby coastal areas get inundated with water causing damage to life and property along the coast and even the interiors.

Home Insurance can be procured in the case for different types of natural calamities or flooding events. Unprecedented rainfall remains the most important one though overflowing of water bodies, melting snow and clogging of storm drains too can be grounds on which insurance can be obtained. Flood insurance policies are quite inexpensive in India. It is therefore is a major advantage and one should buy to provide protection against such unprecedented natural calamities.

What to keep in mind while claiming?

  •  It is very important to keep the damages incurred well documented. The best way is to take photographs and keep. In fact, videos too serve the purpose.
  • Try and preserve all damaged items as the claim representative might want to take a look at the exact damage.
  • All claim-related documents for example receipts and bills need to be saved properly.
  • Always maintain a list of the items that you have repaired for using them temporarily.
Written By: PolicyBazaar - Updated: 30 September 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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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.

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