• The old adage states, “home is where the heart is. ” In today’s context, it suggests that a home comprises people, memories, possessions, and belongings; regardless of whether it is owned or rented. Therefore, it is essential to protect your home from unexpected and unforeseen disasters or accidents.

What is home content insurance

• Home contents insurance serves as the most effective and powerful means of protecting your possessions from both natural and human-caused disasters and risks. By acquiring a comprehensive home contents insurance policy, such as the one provided by HDFC ERGO, you can safeguard your personal items up to Rs. 25 lakhs* without needing to provide any detailed list of specific belongings in your home.

Difference between home insurance and home content insurance

• While both home insurance and home contents insurance offer safety and protection against natural or human-induced accidents and disasters, home insurance primarily aims to cover damages to the home’s structure. This applies only to homeowners whose homes are registered in their names. Conversely, insurance for belongings and other contents can be bought by both homeowners and renters to protect their personal items. In the upcoming sections, we will explore what is included under the scope of home contents insurance.

What is covered in home content insurance

An appropriate home contents insurance policy should at least cover the following risks:

• Fire Damage
• Burglary or Theft
• Natural Calamities
• Riots or Acts of Violence
• Accidental Damage or Breakage
• Home contents insurance from HDFC ERGO encompasses all of these risks and also offers additional optional covers, such as Portable Electronic Equipment Cover, Jewellery and Valuables Cover, Pedal Cycle Cover, and Coverage against Terrorism as well.

Based on the type of coverage (and options) selected, typically, the types of contents included are:

• Furniture and fixtures
• Electronic Equipment
• Jewellery and Valuables
• Portable electronics
• Pedal cycle

Benefits of home content insurance

• While the advantages of suitable home contents insurance are clear, let’s briefly highlight some of them.
• Extensive Coverage from a range of risks. Whether it’s natural disasters like fire or earthquake, or human-related incidents such as violence, breakage, burglary, and theft; having strong coverage shields your valuable belongings from all these and many more potential threats.
• A variety of items in your home is protected by a robust insurance plan. Choosing the relevant additional covers allows you to insure the loss or damage of possessions that may not be at home. For instance, with the portable electronics cover, you can secure your laptop even if it is accidentally damaged while traveling. Likewise, you can also ensure your jewellery and other valuables.
• Coverage for renters was generally a lesser-known and less widespread form of insurance coverage. Most individuals believe that home insurance applies solely to the physical structure of the home, thereby relevant only for homeowners. Nonetheless, those residing in rented accommodations also possess the right and opportunity to protect their possessions with home contents insurance.

Conclusion

• Home contents insurance serves as a highly effective tool in safeguarding your valuable items from various risks. Selecting the appropriate coverage along with suitable optional covers is crucial. Although numerous insurance providers exist in the market, it is essential to thoroughly review the list of inclusions and exclusions. Additionally, you should examine their claim processing duration and payment efficiency. Furthermore, you should compare options to secure the best coverage at a fair price, which includes assessing deals, offers, and discounts. For instance, by selecting the HDFC ERGO Home Contents Insurance, you can receive up to 45% off on your premium^.

Disclaimer:

• The information provided above is intended for illustrative purposes only. For additional details, please consult the policy wording and prospectus before finalizing the sale.