You’ve Insured Your Phone… But Not Your ₹50 Lakh Home?
Most people in India pay yearly for car insurance, mobile protection plans, and extended warranties for gadgets worth ₹10,000–₹1 lakh.
Yet when it comes to the biggest asset of their life — their home — worth ₹25 lakh to ₹1 crore or more, they skip insurance entirely.
In fact, less than 1% of homes in India are insured despite rising risks like floods, earthquakes, and theft.
Here’s why — and what you’re missing out on.
Why Most Indians Still Skip Home Insurance
Low Awareness
Many people don’t even know home insurance exists. They think it’s only for celebrities, villas, or luxury bungalows.
The “Nothing Will Happen to Me” Mindset
Disasters always seem far away — until they arrive at your own gate.
Floods in Chennai, landslides in Himachal, and earthquakes in Delhi NCR have shown that no place is completely safe.
Confusion About Coverage
A common myth is that home insurance only covers the walls.
The truth? You can insure furniture, appliances, jewellery, electronics, and even your decor items.
No Push From Builders or Banks
Car insurance is mandatory by law.
Health insurance is marketed everywhere.
But even during home loan processing or property registration, no one insists on home insurance.
Fear of Claim Rejection
People assume claims are difficult. But with digital claim processes, photos, and basic documents, many insurers now settle within days.
What Does Home Insurance Cover?
Structure (Building Insurance)
Covers damage due to fire, floods, storms, earthquakes, lightning, explosions, riots, and more.
Contents (Belongings Insurance)
Protects furniture, electronics, appliances, jewellery, clothing, and décor items.
Burglary & Theft
Covers stolen or damaged items during a break-in.
Tip: You can buy structure-only, contents-only, or combined cover — perfect for both owners and tenants.
What’s the Cost of Home Insurance in India?
| Property Value | Tenure | Approx Premium |
|---|---|---|
| ₹25 lakh | 10 years | ₹5,000 – ₹7,000 (total) |
| ₹50 lakh | 5 years | ₹6,000 – ₹9,000 (total) |
That’s about ₹1 to ₹3 per day — cheaper than a cup of tea. And it could save you from losing lakhs in case of a disaster.
Who Should Definitely Have Home Insurance?
- Flat owners in metro cities (high property value)
- Residents in flood-prone or disaster-sensitive areas
- Homeowners with expensive electronics or furniture
- Landlords renting property
- Homes with solar panels, modular kitchens, or smart devices
Key Things to Remember
- Tenants can insure contents only
- Claims can be settled digitally with photos & FIRs
- Many insurers offer 5-minute online policy purchases
- Rejections are rare if documents are complete
Real Talk: You Insure Your Car, But Not Your ₹50 Lakh Flat?
If you’re spending ₹25,000+ yearly on car insurance, why not spend ₹5,000 once to protect a home that appreciates in value?
Home insurance won’t prevent disasters — but it will soften the financial blow.
In 2025, home insurance in India is still underrated — but that’s your opportunity.
With a small, one-time investment, you can secure your property, belongings, and peace of mind.
Don’t wait for lightning to strike — insure your home before the storm.
Protect Your Home Before It’s Too Late
Your home is your biggest investment — don’t leave it unprotected. Compare top home insurance plans in India and choose the one that fits your needs and budget.
🔍 Compare Home Insurance Plans Now
