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What is Home Insurance ?
Security & safety are the primary tenets of a home. However, in uncertain times, safety can be a major concern and buying a strong, affordable home insurance policy is a way to ensure that our homes are never compromised, especially when home insurance
Home insurance or homeowner’s insurance policy offers coverage to private residences (homes) in the case of a fire, natural calamity (flood, cyclone, lightning strikes etc.) or man-made mishap (theft, burglary, riot, terrorist attack, etc.)
What home insurance does is protect homeowners in case of damage to property & the contents of the house due to a disaster, natural or man-made.
Benefits of Home Insurance
Having a home insurance policy ensures that in case of any accident or mishap, you and your loved ones can resettle and move on seamlessly from the shock of it. Your home is built with many investments made over a long period of time. A natural disaster or mishap like fire, can damage it all in one go.
You can buy the best home insurance policy online and avail benefits like:
  • 1. Peace of Mind: In case of any unprecedented damage, your home insurance policy ensures that you are still grounded and in control of the situation. This can help your loved ones feel safe & secure, even in the face of an accident
  • 2. Low Premium Cost Home insurance policy premiums cost lower than other policy premiums (health, life etc.). Having property insurance is thus an affordable way to protect your most valuable investments
  • 3. Choice of Cover Home insurance plans have various kinds of protections available for homeowners. While a comprehensive home insurance policy provides all kinds of coverage, some homeowners may specifically require a particular protection (Flood protection in low lying areas, fire protection plan etc.). You can buy property insurance online and choose one which best suits your needs
  • 4. Quick Rebuilding With Home Insurance pay-outs, you can resettle as quickly as possible. The sooner you rebuild your home, the sooner your loved ones feel safe and protected. This can help reduce the impact and everyone can lead a normal, happy life again
  • 5. Safeguarding Your Valuable Contents With home insurance plans, you have an option to safeguard the contents inside the house as well. These include expensive assets and valuables like furniture, electronic appliances, jewellery etc. On paying an additional premium, all your precious items are covered in case of a fire, burglary, or natural calamity
Types of Home Insurance Policies:
There are several types of home insurance covers available for homeowners in India. The most commonly available plans include:
  • 1. Standard Fires & Special Perils Policy: This is the most commonly available home protection insurance and it protects homeowners or tenants against damages caused due to fire, natural disasters (earthquake, flood etc.) and man-made calamities (pipe burst, theft, missile testing operations etc.)
  • 2. Public Liability Coverage This type of cover extends to third parties who may be present inside the home and face loss, injury or damage due to natural/man-made disaster. The safety of guests, visitors, relatives is covered under this home insurance cover.
  • 3. Building Structure/Home Insurance This policy extends coverage to the actual structure of residence/building and permanent fixtures (elevators, kitchen bearings etc.) inside and outside the structure. It also extends cover to additional structures which are part of the home but are not necessarily attached directly to the structure (garage, sheds, lawns, pools etc.)
  • 4. Burglary & Theft This home cover becomes active in case of burglary or theft, leading to loss and/or damage to persons and/or possessions present inside the home (jewellery, appliances, furniture etc.)
  • 5. Contents Insurance This protection extends to all contents and valuables present inside the home which have faced damage or loss due to fire or any calamity. It includes all material (furniture, appliance, valuables, upholstery etc.) which can perish in a flood/fire/earthquake etc. or is stolen in a theft or burglary.
  • 6. Landlord Insurance This is the home protection cover that a landlord takes out for protection of their building/residence. It is a standard building protection policy.
  • 7. Tenant Insurance This is a home insurance policy for tenants who reside in rented apartments. It is important to be protected against unprecedented liabilities when you live in a rented apartment. Tenant insurance helps protect tenants in case of mishaps.
  • 8. Bharat Griha Raksha This is a standard home insurance plan launched in 2021 by IRDAI. It is a standard Special Fire & Special Perils Policy available to Indian home owners for home building & contents of home. It covers a wide range of natural catastrophes, man-made disasters and faults (leakage, pipe bursts etc.) and provides coverage within seven days of listed calamity strike. The cover can be extended to valuables and also provides personal accident cover for injured policyholder or spouse caused due to listed events.
Help Section/FAQ:

Home insurance policies can be purchased online from registered insurance providers like Elephant.in
  • Just add your details of property and contact details to get a quote.
  • Compare quotes from various insurance providers and choose the best one.
  • Make an online payment and receive policy on registered email ID.

Yes, your jewellery and other valuables can be insured under a home insurance policy. You can cover it by paying an additional premium.

Your Home Insurance Policy will cover any loss/ damage caused to your belongings (appliances, laptops, furniture, upholstery etc.) and pay-outs will help you rebuild and restore your home.

Yes, if you are a landlord, you can buy home insurance for your apartment if it is not for a commercial purpose and is not illegal construction.

Damage caused due to fire is covered under Special Fires & Special Perils policy. It is a type of home insurance policy.

When you sell your property, the ownership rights change and the policy is suspended. The insurer will refund the balance amount of premium to the policyholder.
Our latest Insurance articles & videos
  • sliderImg
    Published on: 02nd May 2022
    What Is Full Coverage Auto Insurance? And Who Should Buy It?awdwadwdwadwdrrrrrrrrrrrrr
    The idea of having “full coverage” auto insurance: getting total protection for your car, no matter what may happen, sounds great. But what does “full coverage” really mean for car insurance? To start with, there is no standard definition of “full coverage” for auto insurance. “Full coverage” although related to car insurance is confusing and misleading at times. The coverage is usually a package deal made of several collision, comprehension, and liability policies that can be customized to fit your needs. Different insurance providers offer different policies. A well-grounded insurance policy that safeguards you and your dear ones can be availed from the following coverages.
    • Comprehensive coverage:
    Comprehensive offers coverage from damage to your vehicle. It can help with losses resulting from fire, theft, vandalism, floods, and those related to weather. Some insurance companies may exclude damage caused by a certain type of natural disaster such as flooding.
    • Collision coverage:
    A liability policy does not cover damage when you are at-fault, that’s where collision coverage comes in handy. This type of coverage offers protection when your vehicle is hit by another person or you have crashed. It can be utilized whether you are at fault or not.
    • Liability Coverage:
    This type of coverage includes the following components: third party car insurance, property injury, and bodily damage. This coverage gives you protection when you are at fault in an accident and have caused any damage/injury to another property or person. This third party car insurance is compulsary - and your car can’t run on the road without it! Generally, full coverage auto insurance is more expensive than regular insurance. Based on your needs you can make it affordable by customizing your auto insurance. Factors such as age, type of vehicle, location, driving record, and the policy you choose affect your insurance costs. Full coverage insurance isn’t required by law, but many stakes make it necessary for car owners to have some coverage such as liability insurance. Full coverage is a worthwhile investment if a car is your main mode of transportation. Build a package that covers you well during unforeseen accidents.Be sure to compare insurance quotes with uss and get the best rates for your full coverage auto insurance. To safeguard your car get the best quotes at Elephant. Keywords: full coverage auto insurance, car insuranc
    READ MORE
  • sliderImg
    Published on: 21st Oct 2021
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    Published on: 21st Oct 2021
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    Published on: 27th Aug 2021
    A financial plan for taking care of your aged parents

    Age is a precursor to illnesses. As the age of the person grows, it brings illnesses, which are very expensive to treat. The reason being that as age grows, complications grow inside the body, and due to wear and tear, of the various body parts, diseases start emerging. Currently, there are many insurance firms that provide health insurance plans for their senior citizens. These health insurance plans cover lots of health expenses, which are incurred by the policyholders. In India, the majority of companies provide senior citizen health insurance policies, which give policies to people who are aged more than sixty years.

    Nearly, all health insurance plans provide lots of benefits to their customers, such as Cashless Hospitalizations, Daycare Expenses, Pre-existing conditions cover, No requirement of medical tests and Higher sum insured. Considering all these benefits, it is imperative that individuals opt for a health insurance policy for themselves and for their parents, who are senior citizens. Currently, the major plans providing health insurance for parents have lots of features such as Cashless Hospitalizations, Critical Illness Cover, Cover for Diseases like Cancer, Stroke, etc. Now, let us list the major features of senior citizen health insurance policy.

    1. Features of Senior Citizen Health Policy
    All the major health insurance companies in India provide senior citizen health insurance policies. The main features of all these plans are stated below.
    • Only individuals above sixty years of age are entitled to health insurance coverage under the plans for senior citizen health policies.
    • Currently, the majority of senior citizen health policies don’t require any pre-screening.
    • Another major feature of senior citizen health policies is that there is a free locking period of around two weeks, for reviewing the terms of the policy.
    • Customers will be able to utilize a free medical checkup every year.
    • The majority of senior citizen health insurance policies cover pre-existing diseases.

    If there are older individuals in the family, then one must be interested to know the major advantages of purchasing health insurance plans for family. Now, let us list out the major advantages of purchasing a senior citizen health policy.

    1. Benefits of Senior Citizen Health Insurance Policy

    The major benefits of senior citizen health insurance policies are given below.

    • The settlement process for all the policies is extremely smooth and convenient.
    • If the individual is admitted for more than twenty-four hours, then he/she can avail of the policy of cashless hospitalization.
    • The health insurance policy consists of Room Charges, Doctor’s Fees, In-Patient Hospitalisation costs, and expenses for the physician.
    • The policy will cover emergency ambulance expenses. 
    • Another big benefit of acquiring a senior citizen health insurance policy is that pre and post hospitalization expenses are included.
    • The diseases which exist in the body before treatment, are mentioned in the policy document.
    READ MORE
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    Published on: 18th Aug 2021
    Does your health insurance cover COVID-19 costs?
    Pandemic declared coronavirus (COVID 19) had impacted the lives of many across the globe. To offer protective coverage for expenses related to the coronavirus disease, the Insurance Regulatory and Development Authority in India (IRDAI) had issued a circular asking the insurance providers to develop health insurance plans.
    What is Coronavirus (COVID-19)?
    Novel coronavirus (COVID-19) is a group of viruses that attack a person's immune system, resulting in diseases as mild as the common cold to as severe as Severe Acute Respiratory Syndrome (SARS).
    These include fever, dry cough, tiredness, and sore throat. However, the disease affects different people in different ways. It has been fatal for people aged above 60 years and those with pre-medical conditions.
    Novel coronavirus (COVID-19) is a group of viruses that attack a person's immune system, resulting in diseases as mild as the common cold to as severe as Severe Acute Respiratory Syndrome (SARS).
    These include fever, dry cough, tiredness, and sore throat. However, the disease affects different people in different ways. It has been fatal for people aged above 60 years and those with pre-medical conditions.
    Novel coronavirus (COVID-19) is a group of viruses that attack a person's immune system, resulting in diseases as mild as the common cold to as severe as Severe Acute Respiratory Syndrome (SARS).
    Get insured from the comfort of your home
    Health insurance plans starting from ₹18/day*
    • In-patient Hospitalisation
    • Donor Expenses
    • Pre & Post Hospitalisation
    • Waiver of Room Rent
    • Day Care Treatment
    • No Limits on Treatment
    • Domiciliary Treatment
    • Recharge Benefits
    • Ambulance Cover
    • Cashless Claims
    What is Coronavirus Health Insurance Policy?
    Among all the health insurance plans for families, Coronavirus health insurance policy is a customized health insurance policy aimed at covering hospitalization, pre-hospitalization and post-hospitalization expenses, and other medical costs arising due to the treatment of COVID-19. The cover is available from day one after the insured is tested coronavirus positive. Almost all health insurance policies now offer cover for the treatment of coronavirus in India.
    Things to consider when it comes to buying health insurance plans for the family:
    The credibility of the provider-
    The first and foremost evaluation of buying the best Corona Virus Insurance has to be to check the insurance provider's credibility. Several companies are offering competitive rates and insurance benefits. However, not all may be as proactive when it comes to approving a claim.
    Affordable premiums:
    Buying COVID-19 insurance is essential, especially for those in high-risk areas. Still, the current situation has affected everyone's income stream, and thus, it is even more important to buy a cover that has premiums enough to fit into your budget.
    Simple process:
    It would be best if you also considered this aspect when it comes to buying COVID Insurance is the process of applying and processing the claim. Please read carefully through the company policies to ensure their claim process is hassle-free and straightforward, so your family doesn't have to run from one end to the other, making insurance claims.
    Things covered under COVID health insurance:
    • Hospitalization Expenses: Coronavirus health insurance policies cover hospitalization expenses arising from COVID-19 if it exceeds 24 hours.
    • Quarantine Cover: COVID-19 specific health insurance policies also cover the insured individuals quarantined in government identified authorities.
    Things not covered under COVID health insurance:
    • Home Quarantine: Expenses incurred during the quarantine period spent at home are not covered under COVID-19 specific health insurance policies.
    • Pre-Existing Diseases: Any expenses arising due to treatment of pre-existing illnesses are not covered until the waiting period is completed
    • Hospitalization Without Doctor’s Recommendation: If the insured gets hospitalized without the recommendation of a qualified doctor as specified on the prescription, then he/she will not be covered for the expenses arising due to treatment.
    The claim settlement process for coronavirus (COVID-19) health insurance policies is similar to standard health insurance policies.
    READ MORE
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    Published on: 18th Aug 2021
    Do I need a cyber insurance policy?
    Cybercrime is very rampant these days. Daily, news reports are coming off more and more crime, fraud, and theft relating to information on the internet. In case, if you are new to cyber insurance, this implies protecting the individual or the company financially against cyber-attacks such as Phishing, Identity Theft, ID Theft, Email Spoofing, etc. It has gained immense importance in recent years, due to the proliferation of hackers, cyber thieves, etc. One of the most common types of cyber fraud is in the field of internet banking. Banking customers often get phishing emails, from fake websites, which resemble original banking sites. Then customers are prompted to enter their username and password, which gives hackers access to the bank account, and consequently, crores of money is swindled by them.
    In order to counter this, banks have started an information campaign. This, however, is applicable at the individual level. At the organizational level, many firms are opting for Cyber Fraud Insurance. Using this technique, the firm is insured against cyber fraud, by using the services of world-class experts. Now, let us list the advantages of cyber insurance, which have made it so popular.
    1. The gap between the current requirements and traditional coverage is greatly reduced
    It has been observed that traditional insurance, which is done for commercial liability, is applicable for risk, which comes out of a tangible property, which implies the server, on which data is stored. Conventional policies do not cover the first-party breach costs for notification. This results in a huge gap in the organization’s digital assets coverage, which exposes them to the full costs of an event leading to loss of data. Consequently, cyber insurance is designed to fulfill this gap and act as insurance against cybercrime. To put it into simpler language, cyber insurance provides coverage for
    • Loss of data.
    • Costs of remedy to respond to a breach of data.
    • Legal penalties and fines and regulations.
    Get insured from the comfort of your home.
    Cyber insurance plans with ₹ 1 Lakh cover at ₹ 55/month*
    • Unauthorized Online Transactions
    • Email Spoofing
    • Phishing
    • Legal Expenses
    • Unauthorized Online Transactions
    • Email Spoofing
    • Phishing
    • Legal Expenses
    2. Covering the expenses of a data breach
    Data breaches are very difficult to estimate and make a budget. The scope, size, and complexity of data breaches vary tremendously. Breach of information is very expensive, due to very strict requirements for notification, the chances of fines from different regulatory authorities, specialized monitoring for medical identity and recovery services. It has been observed that cyber insurance assists individuals cope with unwarranted expenses, and handle some of the costs associated with loss of data. The most common form of loss of data consists of Forensic Investigation, Fees for litigation, All types of communication ( Call Centers, Notification Letters, Regulatory Services ), Data Analysis, Monitoring of Identity ( Credit Monitoring ), Public Relations, Services related to identity restoration, Legal Settlements and Regulatory Fines.
    3. Delivering resources for responding to a data breach
    In case, there is a loss of data or a very staggering data breach, there are plenty of carriers that offer a panel of approved vendors. This consists of a lawyer, who gives guidance to the insured with the help of the breach response process.
    READ MORE
What our Customers Say
  • For For HR
    Elephant. has ensured the best prices on insurance products and a very supportive customer service for our team. It has worked as a helpful tool to enhancing employee benefits at zero cost or bandwidth to the company.'
    Chandan Kumar
    Regional Kumar Insurance Specialist
  • For HR
    Test
    Smita
    Team Coordinator
  • For customers
    At HomeFirst we are continuously looking for improving holistic employee wellbeing and ensure that they have the opportunity to get the best in the easiest way possible. Elephant.in fits in perfectly as it combines the best products available in the insurance industry and provides them at the most competitive rates with great flexibility to the employee. All this while taking away the administrative burden from the organization for providing the same
    Ramakrishna Vyamajala
    CHRO- HomeFirst Finance Company Ltd.
  • For HR
    Thank you elephant.in for providing a timely, professional, and personalized service. Your website was very user-friendly, and it simplified the process of purchasing car insurance for me.
    Shrikrishna Bhat
    Senior Development Manager -- (company name)
  • For Customers
    Amit Rane
    Team Cordinator
  • For customers
    I purchased term life insurance based on the tailored quotes I received from laxmi. It did help me to save my time ,energy and money!
    Vibhor Gupta
    Senior Business Development Manager
  • For Customers
    Purchased a car insurance from elephantl.in and saved up a good amount of money ! Good service !
    Ravi Mehrotra
    Team Coordinator
  • For Customers
    I admire elephant.in efforts in helping me in choosing a health insurance plan. Overall, it turned into a very good experience and the process was hassle free
    Avdesh Chauhan
    Assitant Manager
  • For Customers
    I was  pleased with how the process unfolded. It was extremely simple to purchase life insurance policy through the website and the overall experience was positive
    Pradeep Radhakrishnan
    Manager
  • For Customers
    I really appreciate the smooth process facilitated by team elephant, they ensured that my policy purchase could be completed with a convenient at home medical process. Team elephant was extremely professional that helped me understand the idea of insurance and importance of term insurance they also shard all the best option available
    Brijesh Kumar Singh
    Lead Software Engineer
  • For Customers
    My health insurance from elephangt.in came with the right balance of all the feature that I needed at a very affordable price. It became an even better deal because I  purchased it during the tax planning period.
    Aishwarya Nair
    Graphic Designer
  • For HR
    elephant.in delivered what they promised a flat 80% discount on car insurance with amazing customer service. What more could a customer want!
    Jayesh Varu
    Founder , Plain Canvas
  • For Customers
    I  topped  up my existing health cover with super top from elephant.in and i have been quite happy with the coverages price points and support shared by their team.
    M. Virupakshaiah
    Regional Sales Manager, RSPG Apricot Foods pvt ltd
  • For Customers
    test
    Team Coordinator, HyperLinks
  • For Customers
    Elephant got my renewal at a price 5000 bucks lower than the renewal notice premium. These guys mean what they say when they say Killer Prices.
    Sushama Ghate
    Team Coordinator, HyperLinks
  • For HR
    The elephant has given a wide range of options at the best price to our employees under a single umbrella. A very unique business model and a bridge between retail insurance and corporate package.
    Nikhil Shukla
    Relationship Manager, Reliance
  • For Customers
    At HomeFirst we are continuously looking for improving holistic employee wellbeing and ensure that they have the opportunity to get the best in the easiest way possible. Elephant.in fits in perfectly as it combines the best products available in the insurance industry and provides them at the most competitive rates with great flexibility to the employee. All this while taking away the administrative burden from the organization for providing the same
    Ramakrishna Vyamajala
    CHRO- HomeFirst Finance Company Ltd.
  • For Customers
    I purchased term life insurance based on the tailored quotes I received from laxmi. It did help me to save my time ,energy and money!
    Vibhor Gupta
    Senior Business Development Manager
  • For HR
    Test
    Smita
    Team Coordinator
  • For HR
    Thank you elephant.in for providing a timely, professional, and personalized service. Your website was very user-friendly, and it simplified the process of purchasing car insurance for me.
    Shrikrishna Bhat
    Senior Development Manager -- (company name)
  • For HR
    elephant.in delivered what they promised a flat 80% discount on car insurance with amazing customer service. What more could a customer want!
    Jayesh Varu
    Founder , Plain Canvas
  • For HR
    The elephant has given a wide range of options at the best price to our employees under a single umbrella. A very unique business model and a bridge between retail insurance and corporate package.
    Nikhil Shukla
    Relationship Manager, Reliance
Alliance Insurance Brokers Pvt. Ltd.
8th Floor, Gold Crest, 10th Road, Juhu, Vile Parle (W), Mumbai 400 049, India
Email
Monday - Saturday
9:30 am - 6:30 pm IST
CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2021 to 12/10/2024
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2021 to 12/10/2024
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
*All discounts provided by insurers as per IRDAI approved insurance plans. Standard T&C apply.
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