Types of Home Insurance in India?

Types of Home Insurance in India

Home insurance is a vital financial safety net for homeowners, offering protection against unforeseen events like fire, theft, natural disasters, and man-made damages. In India, where homes are often a lifetime investment, having the right type of home insurance can save you from massive losses.

Standard Fire and Special Perils Policy

This is the most common type of home insurance in India.

Coverage Includes:

• Fire
• Explosion
• Lightning
• Earthquake
• Storm, cyclone, flood, and inundation
• Riots, strikes, and malicious damage
• Impact damage (e.g., from vehicles)

Does Not Cover:

• Willful destruction
• War and nuclear risks
• Property under construction

Home Structure Insurance (Building Insurance)

This covers the physical structure of your home.

Coverage Includes:

• Permanent fixtures (walls, roof, kitchen, bathroom fittings)
• Reconstruction costs

Home Contents Insurance (Household Articles Insurance)

• Furniture
• Electronics and appliances
• Jewelry and valuables (up to a limit)

Comprehensive Home Insurance (Package Policy)

• Fire and natural calamities
• Theft or burglary
• Accidental damage to structure or contents

Tenants’ Insurance

This is tailored for people who rent homes, offering coverage for only the contents owned by the tenant.

• Household goods, electronics, and personal items
• Protection against fire, theft, or damage

Landlord’s Insurance

This policy is designed for property owners who rent out their homes.

• Building structure
• Loss of rent due to property damage
• Liability protection in case of legal disputes

Home insurance in India is not just a formality—it’s a smart investment in peace of mind. Whether you’re a homeowner or a tenant, protecting your home and belongings against risks is essential in today's uncertain world.