Protect your home with Insurance @ 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.

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

Rent for Alternative Accommodation in Home Insurance

Imagine returning home after a long day at work and finding your home uninhabitable due to an unforeseen disaster. In such moments of crisis, the often-overlooked hero raises Rent for Alternative Accommodation Cover in Home Insurance. Learn everything about this unsung protector, which provides a safety net when the unexpected strikes your prized possession.

Read more

What is Rent for Alternative Accommodation Cover in Home Insurance?

Rent for Alternative Accommodation cover in home insurance policy provides financial assistance to homeowners who are temporarily displaced from their insured residence as they become unfit to reside there. Hence, this coverage gives homeowners a sense of security while their homes undergo repairs. Additionally, it ensures they have a roof under their head and maintain their living standard during the disruption.

Let's understand this with the help of an example:

Suppose your primary residence sustains significant damage from cyclone waves, making it uninhabitable until repairs are done. During this period, you need to find temporary accommodation. In such a case, rent-for-alternative accommodation covers and reimburses the rental expenses incurred to stay in the temporary apartment for a particular period.

Features of Rent for Alternative Accommodation Cover in Home Insurance

Here are some of the critical features of Rent for Alternative Accommodation coverage in home insurance:

  1. Comparable Accommodation
    The alternative accommodation covers properties similar to your home in size & amenities and should be located in the same city.
  2. Calculation of Rent
    To calculate the amount of Rent, the insurer will check the current market ongoing rent in your location and the period required to repair your primary residence.
  3. Coverage Duration
    The Rent for alternative accommodation offers coverage for the duration it takes to repair your damaged primary residence up to a pre-determined period given by the insurer from the day it was destroyed. However, in this case, you might also have to provide specific certificates to claim your damaged home is not fit to reside in.
  4. Claim Process
    To raise claims under Rent for alternative accommodation coverage, the physical damages caused to your home must first be accepted under the home building cover.

You may also read Loss of Rent Cover in Home Insurance

Why Do You Need Rent for Alternative Accommodation Cover?

Here are a few pointers which describe the need for Rent for alternative accommodation coverage in a home insurance policy:

  • Temporary Accommodation: If your home becomes damaged to the extent that it is not safe or possible to live in, you will have to find another temporary place to stay until it is repaired. In such a case, the Rent for Alternative Accommodation cover covers renting another place to live while your home is being repaired or rebuilt.
  • Maintaining Normalcy: Moving from a permanent place can be incredibly disruptive. This additional coverage ensures that you and your family can live relatively generally during this challenging time, as it covers the Rent for a new place.
  • Financial Protection: Residing in a rental space can be costly, especially for an extended period. This coverage helps mitigate the financial burden and covers the expenses associated with temporary accommodation. It may include Rent, utilities, and sometimes even food and transportation costs.
  • Peace of Mind: Knowing you have adequate coverage brings peace of mind in an unforeseen event. Moreover, this helps you focus on dealing with damages caused to your insured house without worrying about where you'll live in the meantime.

Final Words!

Ultimately, rent-for-alternative accommodation cover is a valuable component of a home insurance policy, protecting you financially and giving you peace of mind during a crisis when your home is uninhabitable.

Written By: PolicyBazaar - Updated: 16 May 2024
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 5021 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 1429 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 1361 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 1081 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 544 Views
Valuable Content Cover is an optional or add-on cover offered by...Read more
05 Jun 2024 by Policybazaar 406 Views
Personal Accident (PA) Cover is an add-on cover provided by...Read more
05 Jun 2024 by Policybazaar 331 Views
Loss of Rent (LOR) coverage is a significant feature of a home...Read more
09 May 2024 by Policybazaar 516 Views
A sum insured in home insurance refers to the maximum payout...Read more
18 Apr 2024 by Policybazaar 642 Views
In home insurance, it is essential to know the differences...Read more
16 Apr 2024 by Policybazaar 544 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