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  • HDFC ERGO Home Insurance

    HDFC ERGO Home Insurance
     4.0 / 5.0   by 24 users
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    For a lot of us, our home is not only a place that radiates warmth and peace, but is also a big chunk of our investment. It is our private haven where we seek shelter after a tiring day and make happy memories with our family. But, to ensure this happiness goes a long way, you should be prepared to face any unexpected contingency like burglary or a natural disaster.

    A comprehensive home insurance policy will guarantee that you are covered against major risks and offer you immense peace of mind.

    HDFC Home Insurance Introduction

    A joint venture between India’s top housing finance institution, HDFC Limited and ERGO International AG, HDFC ERGO was established in the year 2002. HDFC ERGO caters to the diverse insurance needs of customers and corporates alike by offering insurance products like motor, home, travel and personal accident insurance and also business, marine and liability assurance. As a testimony to the quality service that the company offers to its clients, HDFC ERGO has ISO certification for its claims services. The insurance company also has a national footprint and operates in 89 cities with over 109 branches.

    A pioneer in home insurance services, HDFC ERGO home insurance policy will not only provide an all-round cover but also guarantee quality customer servicing, policy issuance and claims services.

    Key Features and Benefits of HDFC ERGO Home Insurance

    HDFC ERGO Home Insurance policy offers plethora of benefits that delight the policyholder. Here are some of the key highlights of HDFC ERGO home insurance policy that sets it a league apart from other policies available in the market.

    • The insurance policy covers all major risks like fire, lightning, explosion, flood, inundation, storm, strike & riot, burglary etc.
    • HDFC ERGO home insurance policy offers coverage for up to 5 years with a provision to increase the value of sum insured by 10% at the end of every year.
    • Policyholders can avail discounts up to 25% plus an additional 15%. Discount is offered if security systems are installed in the house.
    • HDFC ERGO offers the convenience to get an online policy instantly without any documentation.
    • A unique umbrella policy is offered for home owners seeking long term coverage.
    • Coverage is offered for fire and allied perils and burglary under one scheme. Structure and contents of the house is also covered.
    • Customers are offered the flexibility to choose between two customized schemes.

    Coverage Offered by HDFC ERGO Home Insurance

    The following risks are covered under HDFC ERGO home insurance policy.

    • Section 1 – Fire and Special Perils, Building and Contents
    • This section covers against natural disasters and fire related risks including explosion, lightning, riots & strikes, malicious damage, storm, cyclones, typhoon, flood and inundation, landslides etc., Protection against acts relating to terrorism can be availed as optional cover.

    • Section 2 – Burglary and Housebreaking
    • This section offers burglary cover for the contents of the house and this cannot be opted on a stand-alone basis.

    Add-On Covers

    Optional add-on covers can be opted for the following risks at an extra cost.

    • Terrorism and acts relating to terrorism
    • Earthquake (inbuilt)
    • Damage caused to the policyholder’s home or safe as a result of burglary and/or housebreaking or such attempts, subject to a maximum of 5% of the sum insured as under the burglary section.

    HDFC ERGO Home Insurance Policy Exclusions

    The following losses are not covered under HDFC ERGO home protection policy.

    • Loss or damage caused as a result of nuclear perils
    • Loss or damage due to war, invasion, hostilities etc.
    • Damage to the property caused because of pollution, contamination, willful misconduct or negligence or willful destruction of property
    • Damage due to wear and tear and gradual deterioration or such slowly developing flaws
    • Consequential losses are not covered
    • Damage or loss to jewelry, precious stones, documents and bullion will not be covered unless specifically declared.
    • Long term policy cannot be availed by co-operative societies for the entire building.

    HDFC ERGO Home Insurance Eligibility

    • Any resident Indian who is the owner or a tenant of a property can purchase a home insurance policy. Multiyear policy cannot be availed by tenants.
    • Any authorized member of a housing society’s managing committee can buy a policy that covers common utilities and society buildings.
    • This insurance policy cannot be availed for building under construction.
    • Tenants can opt only for contents cover for fire and burglary.
    • This policy can be availed by individuals residing in flats or independent properties having external walls built of bricks, stones, concrete blocks, RBC, RCC, ACC tiles or roof.
    • Multiyear policy can be availed by house or flat owners where coverage for building (as per section 1 of policy cover) is mandatory.

    HDFC ERGO Home Insurance Claims Process

    • If you have to file a claim, contact HDFC ERGO’s toll-free number to register a claim. The details about the nature and location of loss, approximate estimation of loss amount and policy number will be asked for.
    • FIR is necessary for claims related to strike, riot, terrorism, burglary, theft and malicious damage. It is not necessary for loss or damage caused by natural perils.
    • After a claim is filed, a surveyor will contact you in 48 hours. A claim for will be sent to the correspondence address within 7 working days and the claim will be process as soon as possible.

    FAQs

    1. What type of properties are not covered under home insurance?

      HDFC ERGO does not offer insurance coverage for property under construction, land, shops, residence cum office properties and “kutcha” construction.

    2. How is the sum insured calculated?
      • Building reinstatement value basis which is calculated as cost of construction multiplied by the floor area.
      • Replacement value of insured items which are contents of the house other than personal effects.
      • For personal effects, the sum insured is market value of the effect which is replacement value minus the depreciation.
    3. On what factors does the premium depend on?

      The premium is based on the policy period, covers opted, add-on covers and the type of plan.

    4. I am planning to sell my house which I insured? What will happen to my policy?

      After the ownership transfer, the policy stands cancelled. However, the premium will be refunded for the balance insured period.

    5. What will be the commencement date for my online policy?

      The inception date will be 7 days after the payment of premium.

    Related Home Insurance Articles

    HDFC Ergo Home Insurance Reviews

  • Page 1 of 2 1 2
    • HDFC Ergo Home Insurance
      "Home insurance is okay"
      0.5 3.0/5 "Satisfactory"
      HDFC ERGO home insurance is really fine, they should provide a cover for the whole life. the total term of the policy is 5 years. No drawback nor any challenges. I normally pay about rs 300 per month for a policy coverage for 15 lakh for 5 years..
      Was this review helpful? 5
      , navi mumbai
      Reviewed on Jan 12, 2017
    • HDFC Ergo Home Insurance
      "Home insurane is too good"
      0.5 5.0/5 "Blown Away!"
      HDFC ERGO home insurance is very good. I am holding this home insurance for a period of 3 months. No drawback nor any challenges as such. This was offered along with home insurance it provides life cover and it provides minimum guaranteed amount If I pay this insurance amount continuously for 5 years I would get benefits after a 10 years as a bonus.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 07, 2017
    • HDFC Ergo Home Insurance
      "High charges"
      0.5 3.5/5 "Pretty good"
      HDFC Ergo was good in their response through calls and emails when I wanted to close my home insurance with them. They responded on time every time I contacted them. But they were very high in their charges. They charged me 84K for the tenure of five years. They were also average on the coverage and plan options.
      Was this review helpful? 5
      , goa
      Reviewed on Oct 05, 2016
    • HDFC Ergo Home Insurance
      "Service of Pleasure with a smile"
      0.5 4.0/5 "Great!"
      The HDFC insurance representative was so attentive to serve me that she did all and everything in one go within half an hour, without any mistake. she unsuccessfully tried convincing me to opt for multiple insurance cover. I took one of my need and choice.
      Was this review helpful? 8
      , agra
      Reviewed on Apr 01, 2016
    • HDFC Ergo Home Insurance
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      I have taken my home insurance from HDFC Ergo. The services are very good from them. I have not faced any hassles in getting my policy. The coverage is of eight lakhs. The premium was pretty normal. Overall the benefits are good.
      Was this review helpful? 6
      , chennai
      Reviewed on Mar 31, 2016
    • HDFC Ergo Home Insurance
      "Good coverage is given for home "
      0.5 4.5/5 "Excellent!"
      I took the home insurance from hdfc ergo. In case we loose the job for three month the emi of the home loan will be paid by the insurance company . In case of fire in the building or earthquake all the outstanding will be waived off. Policy coverage is total value of the flat.
      Was this review helpful? 5
      , thane
      Reviewed on Dec 19, 2015
    • HDFC Ergo Home Insurance
      "Best option from the market"
      0.5 5.0/5 "Blown Away!"
      This insurance was provided to me with the HDFC Housing loan . I am using it for the past 1 month only, this was suggested to me by the HDFC Housing loan executives. Since I have relationship with HDFC they have provided me with the best options which is available in the market.
      Was this review helpful? 6
      , mumbai
      Reviewed on Dec 10, 2015
    • HDFC Ergo Home Insurance
      "Its fine"
      0.5 3.0/5 "Satisfactory"
      Only one plan HDFC EGO Home insurance has given to me. They should clearly mention all the policies they should provide more options . This home insurance was for a period of 25 years. They just told that this a home insurance policy they did not tell me like that. HDFC ERGO Is providing home insurance .They have provided all the information like for the first 5 years they will provide 9.5 lakhs and after which if I want I can renew that as well and they told me like it will be provided for 25 years completely.
      Was this review helpful? 9
      , indore
      Reviewed on Dec 10, 2015
    • HDFC Ergo Home Insurance
      "Fair!!!"
      0.5 5.0/5 "Blown Away!"
      It is a home insurance and a kind of investment plan taken from Hdfc Ergo. Sum assured is 30 lakh. If anything happens to me my builder will get 30 lakh. Premium is paid around 6250 on monthly bases. I found their service is good with Hdfc Ergo.
      Was this review helpful? 2
      , noida
      Reviewed on Oct 15, 2015
    • HDFC Ergo Home Insurance
      "Secure your home"
      0.5 3.0/5 "Satisfactory"
      I am having the housing insurance with the HDFC ergo general insurance company. I got the insurance papers within 45 days of time after I paid the premium. I am paid around 95000 Rupees as the coverage and the coverage is around 20 lakh Rupees.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 22, 2015
    • HDFC Ergo Home Insurance
      "Better!!!"
      0.5 3.0/5 "Satisfactory"
      Home insurance is taken from Hdfc. I have to pay the premium for 5 years. After 5 years they will return 60% of amount. If anything happens to me what ever amount is paid will go to my nominee. Premium is totally depend upon the the loan and the age. So it is good and secured.
      Was this review helpful? 1
      , pune
      Reviewed on Sep 07, 2015
    • HDFC Ergo Home Insurance
      "Good!!!"
      0.5 5.0/5 "Blown Away!"
      From Hdfc Ergo I have taken a home Insurance. Since I have already taken an home loan with them they did not collected any document from me. Premium is paid around 31,000 on annual bases deducted from my Emi. If any thing happens to me the amount will go to Hdfc. It is good with Hdfc.
      Was this review helpful? 3
      , pune
      Reviewed on Sep 05, 2015
    • HDFC Ergo Home Insurance
      "Excellent"
      0.5 4.0/5 "Great!"
      I have taken my home insurance from HDFC Ergo. They have given me all the benefits. They have covered the property risks and the other benefits. They have also covered certain diseases. I had to pay 52K for the housing loan of 20 lakhs. It is valid for 5 years.
      Was this review helpful? 1
      , lucknow
      Reviewed on Aug 08, 2015
    • HDFC Ergo Home Insurance
      "Satisfactory.."
      0.5 3.5/5 "Pretty good"
      Home insurance was processed along with my home loan and I would be benefited incase of any damage in my home. HDFC Ergo would provide coverage incase of any damage in my home due to earthquake or natural disaster. If I am jobless for three month and for that period they would pay an EMI to the bank in respect to home loan. Tenure of home insurance is of 20 years.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Jul 29, 2015
    • HDFC Ergo Home Insurance
      "Excellent "
      0.5 4.0/5 "Great!"
      I do have a Home Insurance with HDFC Ergo and I got this while getting a Home loan with HDFC LTD.they do provide 80% of coverage to the house for any mishap,fire accident and robbery as well.I have paid a one time premium of 5500 for 5years in the plan.The customer service provided by HDFC Ergo was really good.
      Was this review helpful? 3
      , indore
      Reviewed on Jul 28, 2015
    • HDFC Ergo Home Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am having the housing insurance with HDFC ergo.The premium with them merged up with the loan amount and that was around 400 Rupees per month.The insurance is optional one to took up the loan with the HDFC Ltd.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 02, 2015
    • HDFC Ergo Home Insurance
      "better"
      0.5 3.5/5 "Pretty good"
      I am having the Home insurance with HDFC ergo.I preferably go ahead with them due to the service of the unique co-ordination.Its a single shot premium.I dint have the chance to interact with them.Everything were taken care by them.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jun 11, 2015
    • HDFC Ergo Home Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having my home insurance with HDFC ergo.For 5 years i paid around 35,000 Rs as premium.It will covers burglary, earthquakes, natural disorders and personal accidents.For the three months they will pay emi in case of unemployment.....
      Was this review helpful? 4
      , chennai
      Reviewed on May 18, 2015
    • HDFC Ergo Home Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I am having the HDFC ERGO for my home insurance.Its the single shot payment with 1500Rs/month for 1 year.Its an optional with the loan taken with India bulls.It will covers the 80% of the cost of the property.They should improve their services in documentation, updating basic details and everything.
      Was this review helpful? 1
      , chennai
      Reviewed on May 16, 2015
    • HDFC Ergo Home Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I was provided with home insurance from HDFC Ergo along with the loan amount I have taken. Full amount was deducted from my loan, The plan is for 15 years. I liked the insurance and so I have taken this insurance. In case of my disability and death the company will pay the rest of the premium
      Was this review helpful? 5
      , mumbai
      Reviewed on Apr 07, 2015
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