What type of home insurance covers only structure?

A home building insurance policy covers just the structure of your house. This insurance policy provides coverage against financial losses arising due to damage to property caused by perils like fire, lightning, etc as well as natural disasters.


What is a standard home insurance policy?

A standard home insurance policy is one that cover your house’s structure only. The standard home insurance plan available online on Finserv MARKETS is known as Home Building Insurance. A home building insurance covers your house's structure which includes the ceiling, walls, roof, doors, windows, electrical and plumbing works (including plinth and foundation).


How to calculate home insurance premium?

It is important to calculate the right coverage amount for your house’s structure so that you don’t end up being over insured or under insured. The accurate amount of home insurance premium required can be determined using a home insurance calculator that provides homeowners insurance quotes. The following factors determine home insurance premium:

  • Coverage
    The type of plan you choose along with the amount of sum insured affects your premium
  • Cost of Construction
    Your home insurance premium depends on the cost of construction of your property, higher the cost, higher the insurance premium & vice versa.
  • Tenure
    The duration of your home insurance policy also affects the premium. A long-term policy is highly recommended as it costs lower in the long run.


What’s included in a home insurance policy?

Loss or damage due to Fire
House insurance covers financial losses arising due to Fire, including bush Fire.

  • Natural Calamities
    Losses due to lightning, earthquake, storm, landslides, flood, cyclone, rock slide etc are covered.
  • Man-made disasters
    Property insurance covers losses arising out of explosion/implosion, riot, strike, intentional malicious damage, for example gas cylinder/pressure cooker explosions.
  • Aircraft damage
    Heavens forbid if an aircraft were to damage your house, this house insurance would cover the losses.
  • Missile testing operations
    This insurance covers damages to your house due to missile testing operations too.
  • Leakage from automatic sprinkler installations
    If your Fire systems were to ever malfunction & cause damage to your home, this home insurance will cover those too.
  • Bursting and/or overflowing of water tanks, apparatus & pipes
    Such damages to your home are also covered by property insurance.
  • Impact damage
    Home insurance covers impact damages of vehicles, fallen tress etc on your home.


What’s not included in a home insurance policy?

Destruction or damage caused to the property insured by burning order of any public authority.

  • Impact damage caused by vehicle owned by or belonging to insured.
  • Terrorism, war & nuclear perils.
  • Damage to equipment caused by electrical short circuit. However subsequent damages arising out of such fire are covered.
  • Loss by theft, during or after the occurrence of any loss/peril.


How can you buy home insurance policy on Finserv MARKETS?

After you have obtained a house insurance quote online using a home insurance calculator, the process of getting a home insurance policy online on Finserv MARKETS is as follows:

  • Choose Your Coverage
  • Fill Form - Value of the Property
  • Assessment by Insurer
  • Complete Payment
  • Policy Issued


What are the steps of renewing a home insurance policy on Finserv MARKETS?

If you buy a long-term policy, you don’t have to renew your home insurance policy every year and you get to save on premiums too. The process to renew home insurance online is similar to that of buying home insurance online, simple & convenient.


Why choose Finserv MARKETS for property insurance?

Trusted Companion
100 million+ happy customers across India have chosen Finserv MARKETS as their trusted financial partner. It's your time now!

Hassle-free Settlements
One of the highest Claim Settlement Ratio in the industry of 93%, with no third-party involvement.

24X7 Assistance
Get on-call support, anytime, anywhere in the world. Our customer support centre works round-the-clock.

Extensive Coverage
Get extensive sum insured of up to Rs. 10 Crore with this Home Insurance for affordable premiums.

Fast Online Process
No tedious paperwork or heavy documentation. Three steps, is all it takes! Also, you receive your policy within minutes in your mailbox!

What type of home insurance covers only content of the house?

A household articles (content) insurance covers the content of your house, i.e. the stuff that you have in your home. It offers financial coverage in case natural/man-made disasters like fire, floods, earthquakes, etc. cause damages to the content of your home.


What is a household articles (content) insurance policy?

The household articles (content) insurance available online offers financial insurance for only the content of your house. Household articles (content) insurance covers items like Electronic Appliances, Artworks, Clothes, Carpets, Curtains, Kitchen Equipment etc.


How to calculate household articles (content) insurance premium?

In order to avoid being over insured or under insured, it is crucial to calculate the appropriate coverage amount for your household articles. With the help of a property insurance calculator, that offers home insurance quotes, homeowners can derive the accurate home insurance premium. The following aspects determine household articles insurance premium:

  • Coverage
    Premium is affected by the type of plan you opt for along with the amount of sum insured.
  • Value of Content
    Your household articles (content) insurance premium depends on the value of your household articles; higher the cost, higher the insurance premium & vice versa.
  • Tenure
    The duration of your home insurance policy also affects the premium. One is highly recommended a long-term policy as it costs lower in the long-run.


What’s included in a household articles (content) insurance policy?

Natural Calamities
Covers losses arising due to lightning, storm, earthquake, landslides, cyclone, flood, rockslide, etc.

  • Man-made disasters
    Losses due to riot, explosion/implosion, strike, intentional malicious damage, including gas cylinder/pressure cooker explosions are covered.
  • Loss or Damage Caused by Fire
    Financial losses arising due to fire, including bush fire are covered in this house insurance
  • Cost of Changing locks
    Costs for changing locks at property because of a burglary and/or housebreaking are safeguarded.
  • Aircraft damage
    Covers unfortunate damage to your house due to aircraft, if any.
  • Missile testing operations
    Damages to your house caused by missile testing operations are financially covered.
  • Leakage from automatic sprinkler installations
    You would be covered, in case fire systems were to malfunction and cause damage to your home.
  • Covered for damages such as bursting and/or overflowing of water tanks, apparatus & pipes
  • Burglary or Robbery
    Insurance covers the damage or loss to household articles due to actual or attempted burglary/robbery.
  • Impact damage
    Impact damages of vehicles, fallen tress etc on your home are also covered by the insurance.


What’s not included in a household articles (content) insurance policy?

Destruction or damage caused to the property insured by burning order of any Public Authority.

  • Impact damage caused by rail/road vehicle owned by or belonging to insured.
  • Terrorism, war & nuclear perils.
  • Damage to equipment caused by electrical short circuit. However subsequent damages arising out of such Fire are covered.
  • Loss by theft, during or after the occurrence of any loss/peril.
  • Valuables like gold, silver, or any precious metals or articles made from any precious metals etc. For the list of other valuables, refer to the FAQs section.
  • Contents from any safe following the use of a key to gain access to the safe, or any duplicate thereof belonging to the Insured unless such key has been obtained by Robbery
  • Standard excess for Burglary – For every claim, subject to a deduction of 5% of claim amount or Rs 500, whichever is lesser.


How can one buy home content insurance policy on Finserv MARKETS?

Homeowners can get a house insurance quote online using a home insurance calculator, after which the process of getting an insurance policy online is as follows:

  • Choose Your Coverage
  • Fill Form - Value of the Property
  • Assessment by Insurer
  • Complete Payment
  • Policy Issued


How can you renew home contents insurance on Finserv MARKETS?

When buying a long-term policy, homeowners need not renew household articles (content) insurance policy every year and get to save on premiums too. The process to renew insurance online is as simple & convenient as buying home insurance online.


Why choose Finserv MARKETS for household articles (content) insurance?

Trusted Companion
100 million+ happy customers across India have chosen Finserv MARKETS as their trusted financial partner. It's your time now!

Hassle-free Settlements
One of the highest Claim Settlement Ratio in the industry of 93%, with no third-party involvement.

24X7 Assistance
Get on-call support, anytime, anywhere in the world. Our customer support centre works round-the-clock.

Extensive Coverage
Get extensive sum insured of up to Rs. 10 Crore with this Home Insurance for affordable premiums.

Fast Online Process
No tedious paperwork or heavy documentation. Three steps, is all it takes! Also, you receive your policy within minutes in your mailbox!

What type of home insurance covers structure as well as content of the house?

The home building & household articles (content) insurance covers the structure as well the content of your home. This insurance provides you financial coverage against damages at an affordable home insurance premium.


What is a home building & household articles insurance?

With a home insurance, you can rest assured about your home and the things inside it. Life is unpredictable and natural/man-made calamities can strike anytime, causing huge losses. A home insurance comes to your rescue during such times by providing you financial cover against damages caused.


How to calculate home building & household articles insurance premium?

Calculating the right coverage amount for your home’s structure and content is significant so that you don’t end up being over or under insured. Online home insurance calculator helps get accurate home insurance premium amount and insurance quotes. The following aspects determine home building & household articles premium:

  • Coverage
    Type of plan chosen, and the amount of sum insured influence the insurance premium
  • Value of Property and Content
    The premium for home buildings and household articles insurance is determined basis of the cost of your property and value of content. The insurance premium is higher in case of higher the value of property and content, & vice versa.
  • Tenure
    Duration of the home insurance policy affects the premium. Long-term policy is mostly recommended, as it proves to be cost-effective in the long-run.


What is included in a homeowner’s insurance policy?

Natural Calamities
Insurance safeguards from the damages caused by lightning, cyclone, storm, earthquake, landslides, flood, etc.

  • Man-made disasters
    Property insurance takes care of losses caused by strike, explosion/implosion, riot, intentional malicious damage. These include, gas cylinder/pressure cooker explosions.
  • Damage or Loss by Fire
    Financial losses arising owing to fire which includes bush fire are covered.
  • Burglary/robbery
    Home building & household articles insurance policy covers damage to property or contents due to actual or attempted burglary/robbery.
  • Cost of changing locks
    Cost incurred upon changing locks of homeowners’ property due to a burglary and/or housebreaking is taken care of by the insurance.
  • Aircraft damage
    In case an aircraft was to damage your home, this home insurance would cover the loss.
  • Impact damage
    Impact damages of vehicles, fallen trees, etc. on homes is taken care of.
  • Leakage caused by automatic sprinkler installations
    The damage caused to the house in case your fire systems were to ever malfunction, are covered too.
  • Bursting and/or overflowing of water tanks, apparatus & pipes
    This insurance takes care of such damages.
  • Missile testing operations
    Damages to homes due to missile testing operations are also covered.


What’s not included in a homeowner’s insurance policy?

Destruction or damage caused to the property insured by burning order of any Public Authority.

  • Impact damage caused by vehicle owned by/belonging to insured.
  • Terrorism, war & nuclear perils.
  • Damage to equipment caused by electrical short circuit. However subsequent damages arising out of such Fire are covered.
  • Loss by theft, during or after the occurrence of any loss/peril.
  • Valuables like gold, silver, or any precious metals or articles made from any precious metals etc. For the list of other valuables, refer to the FAQs section.
  • Contents from any safe following the use of a key to gain access to the safe, or any duplicate thereof belonging to the Insured unless such key has been obtained by Robbery
  • Standard excess for Burglary – For every claim, subject to a deduction of 5% of claim amount or Rs 500, whichever is lesser.


How can one buy home building & household articles insurance policy on Finserv MARKETS?

The process of getting a home insurance policy online begins with getting a house insurance quote online with the help of home insurance calculator. The process further includes:

  • Choose Your Coverage
  • Fill Form - Value of the Property
  • Assessment by Insurer
  • Complete Payment
  • Policy Issued


What are the steps to renew home building and household articles insurance on Finserv MARKETS?

Homeowners don’t have to renew their home building & household articles insurance policy every year while buying a long-term policy. They also save immensely on premiums. The online insurance renewal process is simple and convenient, and same as that of buying home insurance online.


Why choose Finserv MARKETS for home building and household articles insurance?

Trusted Companion
100 million+ happy customers across India have chosen Finserv MARKETS as their trusted financial partner. It's your time now!

Hassle-free Settlements
One of the highest Claim Settlement Ratio in the industry of 93%, with no third-party involvement.

24X7 Assistance
Get on-call support, anytime, anywhere in the world. Our customer support centre works round-the-clock.

Extensive Coverage
Get extensive sum insured of up to Rs. 10 Crore with this Home Insurance for affordable premiums.

Fast Online Process
No tedious paperwork or heavy documentation. Three steps, is all it takes! Also, you receive your policy within minutes in your mailbox!