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Why Do You Need Homeowner Insurance This Festive Season?

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With silk-attired divinities marched through the lanes, and special delicacies, merrymaking, and the ceremonial gifting on such occasions, festivals bring out the most abstemious and extravagant facets of Indian culture. Since this is a nation of umpteen faiths and regions, with diverse harvest periods and calendars based on the sun, the moon, or both, there is almost always something festive going on in this country. The intricate displays and ceremonies; watching the hoi polloi at shrines, churches and mosques; and being one of such crowd is a highlight of being Indian and living Indian.

Now what has all this to do with Home Insurance?

Plenty. It is easy to get carried away in festivities, whether it is celebrated in your own house or in your neighborhood. And most of the catastrophes (at least manmade ones) occur during this time. This is not to put a dampener on the special occasions. But research has proved that festivities are the busiest times for housebreakers as most people leave the house empty to go on vacations, gatherings or parties, not to mention the increased number of mishaps due to firecrackers, risks due to intoxication and more. This is a disheartening thought. But not to worry, all you need to do is purchase a decent homeowner insurance and take some precautions. You can still enjoy to the maximum and be at peace.

Do You have to Have Homeowners Insurance?

  1. Breaking & Entering: There are plenty of items that make the house a home, including the people residing in it as well as everything you bought to make it cozy and livable. And electronic gadgets, two wheelers, furniture etc. top the felonious wish list effortlessly. When you get your house insured, you can also check if all these items in the cover to ensure that home contents too are protected.
  2. Stealing from cars/ bikes : Burglars frequently linger around car garages at apartments. If you are out for a stupendous shopping spree, stuff as much as possible into the boot of your car. It is also better to have burglar alarms fixed in the car to prevent theft of car accessories like stereo. Though an all-inclusive auto insurance plan might offer cover, a house insurance scheme with cover for individual belongings cover (inside as well as outside home) is found to be better.
  3. Fire : Fairy illuminations, fire crackers and torches are a staple during any Indian festival. And while we agree that it is so much fun, they can be quite perilous if you don’t handle them properly. Among the most common reasons of fires are electrical circuit failures with decorative lights and burdened power points and candles that can easily topple over and set fire to curtains or something. Fires starting from banquet cooking is also a chief cause. Most home insurance policies offer cover against fire (on first loss basis). But it would be great if you can check and see everything is turned off before you hit the sack.
  4. Bad weather conditions: Like it or not, home takes the brunt of the ruthlessness of changing climates and insurance firms receive numerous claims related to that. If there is a cover, you will receive it. But it is still essential that you maintain your dwelling well. Hence fixing that jammed window, getting a plumber to look at that clogged drainage and protecting the walls from heavy monsoons dampening them simply cannot wait another week.

Customer Reviews

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  • ICICI Lombard Home Insurance
    "Satisfactory"
    0.5 4.0/5 "Great!"
    At the time of home loan they have issued me a home insurance with ICICI Lombard actually the product was good. They have more number of branches. I took the policy amount of 1L which is one time premium for 20 years. The sum assured is 40L. I am very much happy with their service.
    Was this review helpful? 0
    , pune
    Reviewed on Jan 23, 2019
  • ICICI Lombard Home Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    I have take Home Insurance from the Icici which i got through my Home loan where its been given by them . The premium amount which i paid for the is quiet high , The explained the policy very well and but they haven't given the document for that , as i don't know the sum assured amount and policy details.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 23, 2019
  • HDFC Ergo Home Insurance
    "Should be transparent"
    0.5 2.0/5 "Expected more"
    I took home insurance from HDFC Ergo by paying the premium around Rs. 3 lakhs. In the beginning they were communicated the policy for whole 25 years, now they were telling its only for 5 years. If I want to continue then I need to renew it. The policy is good it covers all natural calamities, fire, rain etc. But they should be transparent in their communication.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 03, 2019
  • ICICI Lombard Home Insurance
    "Good Service provider"
    0.5 5.0/5 "Blown Away!"
    ICICI lombard gave me the medical coverage of Rs. 5 lakhs its entire family. The brand value is good to tie reputed hospital in area. Once I used the policy for dengue fever, they gave me cash less treatment for 10 days, they didn't charge any money. I just submitted medical card and id proof.
    Was this review helpful? 1
    , new delhi
    Reviewed on Nov 10, 2018
  • HDFC Ergo Home Insurance
    "I want to top up my Home loan to HDFC bank home loan departm"
    0.5 4.0/5 "Great!"
    Very good response by bank bazaar to connect HDFC bank home loan web site, very quick response by Bank Bazaar, Iam very happy to say if bank authorities will reply my application I am very thankful to you bank Bazaar.------------------------
    Was this review helpful? 0
    , hyderabad
    Reviewed on Nov 06, 2018
  • HDFC Ergo Home Insurance
    "Good Protection for House"
    0.5 4.0/5 "Great!"
    While I was taking loan from HDFC bank they taken amount for the home insurance for the tenure period of five years. I think they gave me the cover for different calamities, glass, raining, fire etc. But I thought for long tenure but they gave minimal tenure period for the home protection.
    Was this review helpful? 1
    , chennai
    Reviewed on Nov 05, 2018
  • review Home Insurance
    "Safe and secured"
    0.5 4.0/5 "Great!"
    I have paid Rs. 50 to 60k premium for home insurance in SBI General for the tenure of 20 years, they give coverage for natural calamities. The documentation process was smooth and they gave me good policy coverage based on the home valuation.
    Was this review helpful? 0
    , pune
    Reviewed on Sep 29, 2018
  • review Home Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I've a home insurance from the New India Assurance. Considering the nominal premium I pay, the policy offers complete protection for the house and the entire appliances. It is a very useful policy in case of any mis happenings.
    Was this review helpful? 1
    , mumbai
    Reviewed on Jul 28, 2018
  • HDFC Ergo Home Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    I have recently got a home insurance with HDFC ERGO one month back, i am satisfied with this insurance policy. I am not aware of the premium amount for this insurance policy. I was informed about the terms and conditions of this policy from the customer service team.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Jun 05, 2018
  • ICICI Lombard Home Insurance
    "Not satisfied"
    0.5 2.0/5 "Expected more"
    I have a home insurance with ICICI Lombard from last 16 years, they gave the soft copy and hard copy of the insurance on time. A premium of Rs 3130 has to be paid for this home insurance for 15 years. I am happy with the coverage value of this insurance policy.
    Was this review helpful? 1
    , coimbatore
    Reviewed on May 24, 2018
  • HDFC Ergo Home Insurance
    "Good policy to use"
    0.5 3.0/5 "Satisfactory"
    I need to pay the premium amount of Rs,10,000 every year to the home insurance policy . The HDFC ergo has gave me the home insurance policy around 2 years ago. The customer support service is good from the HDFC ergo and I pay the premium amount through ECS mode. This policy has the tenure of 10years.
    Was this review helpful? 0
    , jaipur
    Reviewed on May 03, 2018
  • review Home Insurance
    "Good policy to use"
    0.5 4.0/5 "Great!"
    I have insured my home with the SBI general insurance company. I have got this policy around 5 years ago. This policy has the tenure of 20yeras. I have paid Rs,55000 and it is valid for next 20years and I would say it is a good policy to use, but I never had any claim experience with this policy.
    Was this review helpful? 1
    , bangalore
    Reviewed on Apr 25, 2018
  • HDFC Ergo Home Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I have a home insurance with HDFC ERGO from last 5 years, i have to make an one time payment for Rs 25000 for this home insurance. I find this insurance policy is best when compared to other insurance companies. I am happy with the coverage value of this insurance.
    Was this review helpful? 1
    , new delhi
    Reviewed on Apr 12, 2018
  • HDFC Ergo Home Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    HDFC ERGO GENERAL INSURANCE company has insured my home because I have got the Home loan from the HDFC limited. I have got the Home insurance policy around 7 months ago from the HDFC ERGO GENERAL INSURANCE company, This policy has the tenure of 25years.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 27, 2018
  • review Home Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have a home insurance with National insurance from last 7 years and it is a good insurance policy. I pay an insurance amount of Rs 7000-8000 for this home insurance. I do not have claim experience so far with this insurance. Customer service was good and they gave all the right information. I am happy with the coverage of this policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 26, 2018
  • review Home Insurance
    "Average service"
    0.5 3.0/5 "Satisfactory"
    At that time loan disbursement the agent of DFHL cleared all the formalities in getting the home insurance from the CHOLAMANDALAM GENERAL INSURANCE company. I have paid Rs,1,00,000 to get the home insurance policy from the CHOLAMANDALAM GENERAL INSURANCE company.
    Was this review helpful? 2
    , mumbai
    Reviewed on Mar 16, 2018
  • ICICI Lombard Home Insurance
    "Home insurance with ICICI LOMBARD "
    0.5 4.0/5 "Great!"
    I have taken a home insurance from ICICI LOMBARD GENERAL INSURANCE and the premium amount is 550 for a month. This insurance policy covers the damage to the house, any robbery to the house.For natural calamities they wont provide any coverage.
    Was this review helpful? 2
    , vadodara
    Reviewed on Mar 12, 2018
  • HDFC Ergo Home Insurance
    "HDFC ERGO Home insurance"
    0.5 3.0/5 "Satisfactory"
    I have taken a home insurance from HDFC ERGO GENERAL INSURANCE. The premium amount is 1800 per month. They provide insurance for damage of the property. If i loss the job then, for 3 months then the EMI have not to be paid. If death happen to me then they will waive off the loan and the property documents will be returned no need to pay the loan.
    Was this review helpful? 0
    , chennai
    Reviewed on Mar 07, 2018
  • Bajaj Allianz Home Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have taken a Home insurance with Bajaj Allianz,The policy is for 15 years i paid a premium amount of 8,000.I have no claim experience with till date this was taken since 2013.The premium amount is registered for an auto debit.The customer service is good.
    Was this review helpful? 0
    , kolkata
    Reviewed on Mar 02, 2018
  • review Home Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have insured my home from the NATIONAL INSURANCE company. I have paid Rs,6000 to get this policy . This policy has better plan benefits and the policy coverage with this policy. This policy has the life time tenure . I would say NATIONAL INSURANCE company gives good service to the customers.
    Was this review helpful? 1
    , bhimavaram
    Reviewed on Feb 12, 2018
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