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Home Insurance Plan

Fire Insurance

Did you know that loss or damage to your building and its contents against fire, lightning, storm, flood, earthquake can be covered with as little as 5 rupees per day?

Gadgets,Equipment & Appliances

Did you know that all your gadgets and electrical/electronic appliances are covered from fire & allied perils, burglary or housebreaking or by electrical and mechanical breakdown under this policy?

All Risks Covered For Valuables

Did you know that your valuables like jewellery/ornaments, cameras, laptops could be covered against “All Risks” anywhere under this policy as an add on?

Baggage Insurance

Did you know that your baggages could be covered anywhere in the world against almost all risks?

Save Money With Long Term Policy

Did you know that you can purchase a long term policy up to 10 years for building and up to 5 years for contents & building together by paying one time premium with substantial deduction in total premium?

Loan Payment Protection

Did you know your EMI liability for loans taken against various assets like home, car, consumer durables etc. could be protected up to 12 months in case of any disability happens to you?

Compare & Buy Best Home Insurance Plans Online in India

  • Policy Start Date When you would like
    to start your policy,
    it should not be less
    than the current date
     
  • Policy Type Dwelling covers your building
    structure only under
    'Standard Fire & Special Perils'
    policy and package policy
    covers the building as
    well as the assets belongs
    to your home
     
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Home Insurance in India Overview

It’s very important to have home insurance whether you are living in a one-room house or a luxurious mansion. Home is the only place that is closest to your heart and it should be your prime duty to secure your nest in the best way you can. The best home insurance in India can acts as the savior in your bad time protecting you against all the perils that could put your home at risk. Given that disasters don’t come with a prior notice and it can cost you more than you can imagine, it would be a wise decision to safeguard your house with a home insurance policy in India. A comprehensive home insurance policy can cover the cost of the contents and structure of the house. Most of the home insurance plans in India generally provide coverage against floods, earthquake, cyclone and storm and can also cover the cost of alternative accommodation, if you have made use of one in case your home gets damaged.

In a country like India, Home or Property Insurance has become a very trendy banking product. It’s always better to be secured than to be sorry- the indispensable principle behind the idea of insurance, applicable particularly to a costly and emotional insurance like your family home. Apart from the structure itself, a decent home insurance policy online can provide security to the implements /items/appliances and prized possessions inside the home. The best home insurance policy is not just the guardian and protector of your treasured home, but the unique memories and emotions that dwell therein. There are a number of home insurance companies in India from where you can easily buy home insurance plans online without any hassle.

Special Features of Home Insurance in India

By choosing to buy a comprehensive home insurance policy you can avail the following features and benefits such as:

  • Home insurance online provides inclusive coverage against financial liabilities coming out of the loss/damage to your home or/and the contents inside due to man-made or natural reasons.
  • Opting for a home insurance policy in India is very simple, the turnaround times are quick and roughly all banks and a number of home insurance companies in India offer this very dynamic product.
  • Considerate added covers comprising Theft and Burglary Cover, Earthquake Cover, etc. can be opted for specialized protection.
  • A home insurance plan brings 100% mental peace given that you will have a solid security to fall back on, particularly in these times of environmental and social strife upheavals.
  • Following the catastrophic event that resulted in the loss/damage to your home, the on-time payouts on home insurance plan will assist massively in helping the family put their lives back together. Therefore home insurance policy can be a big relief in such a trying time.

What Does Home Insurance Cover?

House insurance generally has cover for the following.

  • The Main Structure of Your Home: In case the main structure of your home needs repair or replacement, you will receive a fixed amount for having homeowners insurance.
  • Contents of Your Home: The personal belongings of your house fall into this category. The inside contents of your house such as jewellery, artistic works, portable equipment, expensive paintings and other valuables are covered.
  • Liability Cover: Homeowners insurance covers the damage done to other’s property as per policy limits.
  • Loss of Use: If, due to some unfortunate circumstance your house gets totally damaged, you’ll be needed an accommodation to stay until your house is repaired. This cost of this extra place is also covered under homeowners insurance.

Benefits of Home Insurance

There’s no beautiful place than own house and therefore home insurance becomes very significant. There’s no doubt in the fact that home insurance online does come with a plethora of benefits. Check the benefits you can enjoy when you buy home insurance online.

  • Takes your stress and anxiety out since you will have a home insurance policy to rely on in such cases where you face any catastrophe on your house.
  • Secures your assets from any mishappening.
  • Covers for fire & allied perils and burglary under one policy.
  • Gives comprehensive coverage to content and structure of your home.
  • Offers coverage for building & household contents.
  • Online purchase option with minimal documentation.
  • House insurance offers you the flexibility so you can choose between best-suited plans for your home.
  • House insurance come with discount for accessibility of security system under burglary section.

How to Bring Down the Premium of House Insurance?

There are a few strategies that you can apply in order to bring your home insurance premiums down. Find them out below.

  • You can easily bring down your home insurance policy premium by simply agreeing to share the weight of repairing. It will certainly help in reducing your house insurance premium.
  • Of course, there are a number of things inside our house that are very precious to us but there’s no logic for things that are too old to bring under home insurance coverage. To give an example, your 10 years old black & white TV might look good and working well, but it makes no sense to insure it at a depreciated value. Act cautious while making a list of products that you want to bring under home insurance coverage.
  • It’s advisable to take two or more insurance covers in order to become eligible to get special discounts.
  • Just like many other insurance plans in India, if insurance providers are convinced that you have installed all safety equipments at your home then you can be entitled to avail discounts on house insurance premium. If you have fire safety alarms installed at home and security guards posted 24x7 in the building, then you can become eligible to get discounts on premium.

Why Should You Buy Home Insurance?

Buying a home insurance India will indeed provide you certain financial stability in the event of damage to your property or possessions. In exchange of a considerably lower premium or amount, the insurance company gives you assurance that they will take care of any losses that might occur due to damage to your property.

Tips for Choosing the Best Home Insurance in India

Everyone wants to avail the best home insurance plan for themselves. Check out the following advices to get the best home insurance policy in India.

  • Compare Home Insurance Policies Online:The comparison of home insurance policies online will easily find you the best homeowners insurance in India. You can pick from a number of home insurers and judge them on the basis of some of the assorted features. When you go for home insurance premium comparison, you will automatically be able to get the best coverage on your home insurance policy at an affordable price.
  • Check Premium and Coverage:Assess the risks which your house is facing or could face in future. For instance, if you live in a flood prone area then you must make sure that your home insurance policy covers all these risks as well. In addition to that, while checking house insurance coverage online, it is sensible to check whether the premium fits within your budget or not. You can get premium quotes from individual insurance provider or use comparison chart to compare various house insurance premium quotes online.
  • Check Claim Settlement Ratio of the Home Insurance Company:An insurance company is generally judged on the basis of the time it takes to settle a claim. The prime purpose of an insurance will be defeated if you do not get you claim settled by the time it is required. So, it is prudent to make sure the claim settlement record of the home insurance companies before choosing an insurer.
  • Consider the Company’s Reputation:The first and foremost feature of a good company is that it has customer friendly workers. Does your insurance company offer proficient customer service representatives who are adequately competent to provide quick resolutions to your queries? It is always sensible to go for a house insurance company that is well equipped to assist you at any point of time.
  • Buy Home Insurance Online:The best yet simplest way of procuring the best home insurance in India is to buy homeowners insurance online. You will have a lot of options in your hand and you can always switch from one insurer to another as per your requirement and budget. Moreover, you will be able to see for yourself the coverage which is being offered by the home insurance company on what percentage. It will merely take you a few minutes to get home insurance quotes online by using online comparison portals like GIBL.IN.

Home Insurance Renewal Online

Renewal of home insurance does have the same amount of significance as buying home insurance plans online. You must make sure that your house insurance plan is renewed on time to keep the cycle of comprehensive coverage on your property going. For the renewal of home insurance you can visit your insurer’s official portal or you can also visit GIBL. All you have to do is just enter your house insurance policy number, pay the premium online thereafter and you will be done with the renewal of your home insurance policy. Keep in mind that you can also compare home insurance plans online at the time of renewal to avail a plan that is lower in price.

Home Insurance Exclusions

Similar to any other insurance policies in India, home insurance policies certainly have a number of exclusions. Exclusion means your home insurance plan will not offer any cover under the following circumstances such as:

  • Damage and/or loss arising out of War, Act of Foreign enemy, Invasion, hostilities etc.
  • Loss or damage due to nuclear perils.
  • Any damage to the property resulting from contamination and pollution.
  • Loss and/or damage to jewellery, money, precious stones, documents or bullion of any kind unless it is specifically declared.
  • Damage or loss due to wear and tear, slowly developing flaws or gradual deterioration.
  • Willful Negligence or Misconduct.
  • Consequential Loss.
  • Long term home insurance policy for entire society building cannot be taken by co-operative societies.
  • Cost of land.
  • Property Under construction cannot be covered under home insurance policies.

How to File for a Home Insurance Claim?

Almost all the insurance companies in India impose their own choice of deadline by which you must inform them about your loss. This date can vary from anywhere between 7-15 days therefore you must make sure you do it at your earliest. Some home insurance companies in India even allow you register a claim by a simple Email or SMS. Before you file a claim, you will be required to lodge an FIR and the copy of the same is needed to be submitted to the insurance company along with the claim form. Some of the other documents that you will be required to produce apart from the FIR repot. They are:

  • Medical Officer’s Certificate in case of death or disability.
  • Investigation report by police.
  • Fire brigade report.
  • Repair estimates.
  • Supplier’s original invoice for replacement.
  • Court summons.
  • Invoice of owned articles, if any.

How Can GIBL Help You With the Home Insurance Online?

GIBL has a number of best health insurance plans from the top insurance providers in India. You can get insurant home insurance quotes and compare various house insurance policies online among top insurer’s plans to get the best home insurance online. We also provide 24x7 claims assistance to our customers’ nationwide.

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